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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 26th, 2014 - 09:07 GMT

Counting those calories! Dubai-based food chain Kcal to expand in Egypt

Al Bawaba
November 26th, 2014 - 08:48 GMT

Clean figures: UAE kitchen and bathroom imports to hit $30 billion

Ninety international rights and labour groups called in a joint statement Sunday for urgent action to protect migrant workers.
November 25th, 2014 - 09:44 GMT

They can finally get a day off! Gulf states agree on new contract for domestic workers

Saudi Arabia is one of the foremost investors in Egypt, with investments exceeding $26bn.
November 25th, 2014 - 04:55 GMT

Saudi investors in Egypt disgruntled with 'legal chaos'

Al Bawaba
November 25th, 2014 - 01:46 GMT

Less rooms, more PDA? Dubai faces major hotel challenge

The conference aims to profile investment opportunities in Egypt's various sectors.
November 24th, 2014 - 11:52 GMT

The selfless friend? Dubai to host 'Invest in Egypt' conference

Despite the harsh criticism against Israel, the government did not attempt to block big land sales to Israelis.
November 24th, 2014 - 04:55 GMT

They clearly have a 'thing' for land: Israeli purchases of Turkish land skyrocketing

Al Kaf was the Gulf’s longest-serving CEO in the sector, taking the helm at Mobily in 2005 after 19 years at UAE’s etisalat.
November 24th, 2014 - 12:27 GMT

Saudi Mobily fires CEO over 'shocking' accounting errors

Al Bawaba
November 23rd, 2014 - 01:22 GMT

UAE banks banned from doing business with Muslim Brotherhood

 
Total cost would be between $1.5-$2 billion, the company said, and supplies to Egypt would start flowing in 2017
November 23rd, 2014 - 04:55 GMT

Israeli Tamar Gas to 'reach out' to Egypt with new pipeline

Al Bawaba
November 20th, 2014 - 04:25 GMT

Abu Dhabi Grand Pix tickets sell out at racing speed!

Al Bawaba
November 20th, 2014 - 04:01 GMT

The best PR firm there is? Disney comes to Egypt, sends 'happy' message to investors

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