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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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Al Bawaba
December 10th, 2014 - 07:27 GMT

Dubai doctors awarded Harvard scholarships

The Saudi market’s drop in the last few weeks has nearly wiped out the benchmark’s year-to-date gains, which now stand at just 1.1 percent.
December 10th, 2014 - 07:15 GMT

Fresh wave of panic selling: GCC stocks fall sharply, again

Jordan currently imports 97% of its energy, paying at least double what it would pay for Israeli gas.
December 10th, 2014 - 06:01 GMT

Jordan's energy minister wholeheartedly sells gas deal with Israel

Oil prices will stay at about $65 a barrel for at least half a year until OPEC changes its collective production
December 10th, 2014 - 05:36 GMT

Kuwait says oil prices 'stuck' at $65, unless OPEC changes it mind

Al Bawaba
December 10th, 2014 - 03:53 GMT

In for the long haul? BP to invest $12 billion in solving Egypt's energy crisis

 In addition to winning ‘World’s Leading Airline’, Etihad Airways scooped up a further two awards ‘World’s Leading First Class’ and ‘World’s Leading Cabin Crew’.
December 10th, 2014 - 06:45 GMT

Etihad airways scoops 'World's Leading Airline' award for sixth year in a row

“This represent about 30 percent of the country’s gross domestic product,” the study said.
December 10th, 2014 - 05:55 GMT

Standing at 30% of GDP: Saudi Shoura takes on fight against 'shadow' economy

Al Bawaba
December 10th, 2014 - 04:55 GMT

Abu Dhabi Financial Group acquires London's central policing and crime building for $580 million

Qatar doesn’t produce enough chicken meat to feed its population, with imports set to rise 11 per cent next year.
December 10th, 2014 - 04:55 GMT

Getting creative? Qatar to launch chicken IPO in 2015

Taxis will be provided with the most advanced communication technology, so passengers can call a taxi company to arrange a pickup
December 9th, 2014 - 11:10 GMT

No more hailing! Saudi Arabia's taxis to go 'smart'

Al Bawaba
December 9th, 2014 - 10:59 GMT

Back on track? GCC railway to be completed in 2018

The Shoura Council also declared this year that Arabic be used as the lingua franca in international conferences and official forums inside the Kingdom.
December 9th, 2014 - 06:18 GMT

But why? Saudi Arabia shuts down 17 international schools

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