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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 pull back then snowballed due to panic selling and, possibly, margin calls, according to market players.
October 12th, 2014 - 11:55 GMT

The snowball effect: Saudi, UAE stock markets tumble after global sell-off

The expected visit will also involve forming a joint expert group from the four countries.
October 12th, 2014 - 11:36 GMT

What's their secret? Notable increase in Egyptian exports to Russia

The consortium is led by Faiz Al-Abideen, a prominent Saudi businessman and adviser to members of the royal family, whose group has built 17 power plants in Saudi Arabia and abroad.
October 12th, 2014 - 10:44 GMT

Saudi Group joins consortium for in $4.5 billion Indian project

Al Bawaba
October 12th, 2014 - 03:55 GMT

A leap forward: Bahrain installs hi-tech passenger boarding bridges

The government was “taking a diverse” approach to funding the infrastructure demands of Expo 2020 but declined to state specific details.
October 12th, 2014 - 03:55 GMT

The impending bonanza: Expo 2020 tenders to be issued in 2015

The programs for tackling unemployment have contributed to creating a parallel crisis in the labor market and disrupting the market.
October 12th, 2014 - 03:55 GMT

What's Saudization going to take? 30,000 jobs a year

With the World Cup just eight years away, the likelihood is that the market is only going to become bigger, it added.
October 10th, 2014 - 12:15 GMT

World Cup bonanza: Qatar infrastructure market to hit $30 billion for very first time

It was the sixth consecutive slip in the index, which FAO said was the longest period of continuous falls since the late 1990s.
October 9th, 2014 - 11:39 GMT

Time to appreciate the appreciating US dollar? World food prices dip to 4 year-low

The city, located 3 km to the west of the Prophet’s Mosque in Madinah, will cover an area of over 1.6 million sq m and accommodate 200,000 people.
October 9th, 2014 - 02:02 GMT

Redefining religious experiences: King Abdullah approves $13bn pilgrim megacity in Madinah

Al Bawaba
October 9th, 2014 - 01:41 GMT

A done deal: France to go ahead with Riyadh-sponsored $3 billion arms 'gift' to Lebanon

The total of the loan package has surged to $6.45 billion.
October 9th, 2014 - 03:55 GMT

Paying back the IMF only to borrow more? World Bank increases loan to Turkey by $2 billion

Egypt's economy has been hit by more than three years of political and economic turmoil following the 2011 uprising that toppled Hosni Mubarak after 30 years in power.
October 9th, 2014 - 03:55 GMT

Higher confidence: Egypt's business activity grows at near-record pace

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