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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 bankruptcy filing represents a significant fall for a nearly century-old luxury retailer that attracted cutting-edge fashion designers, celebrities and bestowed an aura of chic among its shoppers.
August 7th, 2019 - 10:00 GMT

US Retail Tycoon Barneys Files for Bankruptcy

Disney shares were trading 5% lower after it reported a steeper earnings decline than Wall Street expected on Tuesday.
August 7th, 2019 - 09:30 GMT

Disney to Compete with Netflix by Bundling Disney+, Hulu, ESPN+

Twitter said it could have shared a user's data with its advertising partners or displayed ads based on the information it collected without permission. 
August 7th, 2019 - 09:00 GMT

Twitter Admits Using User Data for Ads Without Permission

Moody's expects full-year profitability to decline to a still sound 1.7 per cent, from 1.8 per cent in 2018
August 7th, 2019 - 08:30 GMT

UAE’s Four Largest Banks H1 Profit Exceeds $5 Billion

CBJ provides finance tools with a total amount of JD1.2 billion for investors
August 7th, 2019 - 08:00 GMT

Foreign Currency Reserve Stands at $14 Billion in Jordan

The total revenues on apartments during the first seven months of 2019 also dropped by 21 per cent
August 7th, 2019 - 07:30 GMT

Real Estate’s Trade Volume Plummets by 21 Percent in Jordan

In May, IMG said Egypt's efforts "in achieving macroeconomic stabilization, a recovery in growth, and an improvement in the business climate" have been successful.
August 7th, 2019 - 07:00 GMT

Egypt Receives Final $2 Billion Portion of IMF Bailout Package

Bahrain expected the budget deficit to fall from 6.2 percent of GDP in 2018 to 3.4 percent in 2019 and then to 2.1 percent in 2020.
August 7th, 2019 - 06:30 GMT

Bahrain’s Budget Deficit Down to $1.07 Billion

For the rental market, declines overall have seen a modest drop when comparing with prices from the last six months.
August 7th, 2019 - 05:50 GMT

Dubai House Rents Continue to Slide in H1 2019

Saudi women participation is estimated at around 20 percent compared to 63 percent for men.
August 6th, 2019 - 01:30 GMT

Women to Retire at Age of 60 in Saudi Arabia

Google has not yet officially announced the roll-out and availability details.
August 6th, 2019 - 01:00 GMT

Google Assistant to Start Reading Texts from Non-Google Apps

Google put an end to its Internet-based social network Google+ and its Inbox by Gmail app as well.
August 6th, 2019 - 12:00 GMT

No More 'Trips' from Google

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