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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
October 28th, 2014 - 09:13 GMT

For first time since the downfall of Baghdad, Iraq's economy is set to shrink

Al Bawaba
October 28th, 2014 - 04:55 GMT

Keep calm and carry on? IMF says GCC economies set to grow 4.5% in 2014-2015

Al Bawaba
October 28th, 2014 - 04:55 GMT

From forgery to visa problems: 100 Saudi students expelled from US universities each year

Iraq's oil supplies were held back by decades of war and sanction
October 27th, 2014 - 07:42 GMT

What IS? Iraq oil exports undettered by regional turmoil

Oil prices have fallen by a quarter since June as excess supply and weaker demand create a glut on world markets.
October 27th, 2014 - 05:51 GMT

Staying positive: Gulf countries 'upbeat' despite oil price crash

During the meeting, Hollande and Alwaleed discussed political, economic and cultural matters.
October 27th, 2014 - 05:15 GMT

Business in the Elyséé Palace: Al-Waleed bin Talal, Hollande and CEOs meet over momentous Saudi-French investments

The report said the reserves had increased by $15.7 billion in the first six months of the year.
October 27th, 2014 - 02:09 GMT

Kuwait reserves for future generations hit $598 billion

Al Bawaba
October 27th, 2014 - 04:55 GMT

It certainly has the profits to finance it: Arab Bank commences US appeal against Hamas support allegations

But it is not in Aabar’s interests to derail the deal as a failed merger could drive down shares in the stock market.
October 27th, 2014 - 04:55 GMT

Playing with fire? Abu Dhabi State Fund demands a hefty $22 billion to seal banking deal with Malaysia

Millions of people are being spied on by free apps they have installed on their mobile phones, security experts have warned.
October 26th, 2014 - 02:03 GMT

No such thing as a free flashlight? Free Apps 'spying' on millions of phones

Oil prices had an impact on SABIC’s earnings through the prices of raw materials and final products
October 26th, 2014 - 01:38 GMT

The power of wishful thinking: Saudi SABIC's CEO says oil price downfall is 'temporary', despite profit slide

Political instability has scared off wealthy Gulf Arab tourists and some investors.
October 26th, 2014 - 01:20 GMT

Lebanon to direct resentment of Syrian refugees towards $1 billion fiscal stimulus package in 2015

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