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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 initial results for the 3-D survey were very encouraging, according to the British-based company Spectrum, which conducted the operation over 3,000 square meters off the southern Lebanese coast.
October 6th, 2014 - 09:43 GMT

A bird's view: airborne oil and gas surveillance commences in Lebanon

Egypt's debts to foreign energy firms operating in the country increased after the political turmoil which followed the 2011 revolution.
October 6th, 2014 - 01:50 GMT

Happy Eid to Egypt: Egypt repays $350 million in debt to British gas

More than buying gold jewellery as a fashion statement, with delicate designs, currently sellers have also noticed an increased sale in simple, but heavy jewellery.
October 6th, 2014 - 01:34 GMT

A festive season: Gold rush in Dubai as prices slump

Al Bawaba
October 5th, 2014 - 07:38 GMT

Iraq strife could trigger higher oil prices - IMF’s Lagarde

The Saudi government had requested the purchase of 202 Patriot Advanced Capability (PAC)-3 missiles -- the most sophisticated version of the Patriot anti-missile weapons.
October 2nd, 2014 - 03:30 GMT

Profiteering off the Gulf's arms rush? US plans billion dollars arms sale to Saudi Arabia

Emaar Properties is now worth less than it was before the sale of 15 per cent of EMG in the IPO.
October 2nd, 2014 - 02:46 GMT

A qualified success: Emaar Malls IPO wipes $1 billion off Emaar's value on day one of trading

Al Bawaba
October 2nd, 2014 - 02:30 GMT

Crime fight just got smarter: Dubai Police to put on Google Glass while driving their $400,000 Lamborghinis

Qatari Diar, the real estate arm of Qatar's sovereign wealth fund, stepped in with financial aid last year, agreeing to buy some of Barwa's assets for $7.1 billion.
October 2nd, 2014 - 01:57 GMT

Qatari developer to sell $697 million worth of land to the government

With oil prices continuing to slide, the pressure is building on the Organization of the Petroleum Exporting Countries (Opec) to reduce output at its meeting next month.
October 2nd, 2014 - 01:43 GMT

Saudi Arabia fights for market share: oil prices hit new 27-month low

Al Bawaba
October 2nd, 2014 - 12:46 GMT

Time is money: deal reached on Dubai World debt restructuring

Storing gas also gets momentum when other factors come to the fore: Economic support, safe margins in meeting country’s domestic gas needs, the half-depletion of oil reserves, etc.
October 2nd, 2014 - 03:55 GMT

Iran boasts the Middle East's top gas storage facility

Currently under way is the multibillion dollar expansion of the airport to increase the overall capacity to over 40 million passengers per year
October 1st, 2014 - 08:46 GMT

Best summer ever? Abu Dhabi passenger traffic rises close to 24%

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