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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
November 27th, 2014 - 11:23 GMT

700 bridges in Egypt on the verge of collapse

Al Bawaba
November 27th, 2014 - 11:16 GMT

A shift from the 'crackdown' rhetoric? Saudi Arabia to allow expats to extend their residency

Many banks in the region have fallen back on fees and charges as a way of offsetting pressure on the profitability of lending,
November 27th, 2014 - 05:04 GMT

How gracious! HSBC voluntarily refunds ME customers 'excessive' fees

"The power of convincing will prevail tomorrow... I am confident that OPEC is capable of taking a very unified position," Naimi said
November 27th, 2014 - 12:30 GMT

A consensus to fight over market share: OPEC heads towards no ouput cut

Al Bawaba
November 27th, 2014 - 11:33 GMT

More like the 'big bang' mall? Kuwait's Mabanee to splurge $910 million on fourth phase of Avenues Mall

Lakkotrypis said the best way for Cyprus to export to Egypt was directly via a pipeline.
November 27th, 2014 - 04:55 GMT

In addition to Israeli gas? Egypt has its eyes set on Cypriot gas

An official said on Wednesday that the bank is expecting to attract an initial Rs1 billion ($16.4 million) to the fund.
November 27th, 2014 - 04:55 GMT

India’s largest state-owned bank to launch Islamic fund

Venezuela, a noted price hawk, would try for an output agreement within OPEC on Thursday instead.
November 26th, 2014 - 07:28 GMT

The pretext to a vicious supply game? OPEC's major oil powers fail to reach 'impromptu' agreement on output

Al Bawaba
November 26th, 2014 - 07:15 GMT

No throwing up (hopefully)! World's largest roller coaster restaurant opens in Abu Dhabi


Key will be what the club's biggest producer and exporter Saudi Arabia decides.
November 26th, 2014 - 12:09 GMT

Oil sinks below $80 as signs of output cut fade

The firm will be charged with "corruption of foreign public officials",  in a case that dates back some 20 years.
November 26th, 2014 - 11:33 GMT

Totally messed up: Total to finally face charges over bribing Iranian officials

Al Bawaba
November 26th, 2014 - 11:26 GMT

Reeking in exceptional profits: Emaar cash dividends reach $4.66 billion

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