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Venezuela banks $300M from first U.S. brokered oil sale
January 21st, 2026 - 10:03 GMT
Dr. Mansour Al-Maswari

Mansour Al-Maswari

Venezuela banks $300M from first U.S. brokered oil sale

ALBAWABA- Venezuela has received $300 million in oil revenue from a U.S. facilitated crude sale, interim president Delcy Rodríguez announced on Tuesday, marking the first funds to flow under an oil agreement arranged after the kidnapping of President Nicolás Maduro earlier this month. Rodríguez said the funds, part of an expected $500 million in proceeds from U.S. sales of Venezuelan crude, will be channeled into the foreign exchange market through national ...
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The statement pointed out that the Ministry diversifies its funding sources between instruments and local and foreign markets
August 19th, 2019 - 12:30 GMT

Egypt Completes the New Unified Law for the General Budget

With oil prices recently exceeding $70 per barrel, the outlook for public sector finances has improved significantly
August 19th, 2019 - 12:00 GMT

Increasing Oil Prices Are Strengthening Construction Outlook Across Mena

10 million Umrah visas expected to be issued in the new season
August 19th, 2019 - 11:30 GMT

Saudi Arabia Starts Issuing e-Visas to Pilgrims in Less Than 24 Hours

The turnover indexes in trade and industry also went up by 15.1% and 13.9%, respectively
August 19th, 2019 - 08:29 GMT

Turkish Economy Sees 12.3 Percent Increase in Total Turnover

World oil demand in 2020 is forecast to grow by 1.14 mb/d y-o-y, in line with the current year estimates
August 19th, 2019 - 08:00 GMT

OPEC: Global Oil Demand Growth Forecast for 2019 Remains at 1.14 Million Bpd

Profit levels at Mena hotels fell to $47.25 in the month.
August 19th, 2019 - 07:30 GMT

UAE Has 54,438 Hotel Rooms Under Construction

South Sudan needs educated people to achieve vision 2040.
August 19th, 2019 - 07:00 GMT

Chinese Government Offers 29 Scholarships to S. Sudanese Students in the Fields of Science and Technology

From the 49 companies listed on QSE, shares of 46 saw trading today.
August 19th, 2019 - 06:30 GMT

Qatar Stock Market Sees Biggest Daily Gain Since June 20

A slight increase in IPO activity marked the second quarter of this year
August 19th, 2019 - 06:00 GMT

GCC IPO Activity Picks Up Pace in the Second Quarter of 2019

Iran and China are among major countries hit by the US cruel sanctions.
August 18th, 2019 - 11:51 GMT

Iran, China to Reinforce Cooperation on Technology Sector

Plenty of young entrepreneurs end up with funding, and there are several ways to be taken seriously by investors.
August 18th, 2019 - 11:50 GMT

How Can You Be Taken Seriously as a Young Entrepreneur?

Tourism has managed to recover with about 8 million visitors arriving in the country
August 18th, 2019 - 10:00 GMT

Tunisia Welcomes Over 5 Million Tourists in 2019

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