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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
August 13th, 2014 - 09:40 GMT

Dodging the bullet? No annual rent hikes to be allowed in Sharjah

The airport is set to open in 2017 and will be the largest airport in the world, serving 150 million passengers annually.
August 13th, 2014 - 08:41 GMT

He's really not going anywhere: Istanbul's new airport to be named after Erdogan

Egyptian guest workers represent the majority of the 108 nationalities working in the Kingdom, constituting 62 per cent of the total number of guest workers.
August 13th, 2014 - 08:09 GMT

Jordan hosts workers from 108 nationalities, mostly Egyptians

Russia will supply at least 5-5.5 million tonnes of wheat to Egypt this year and will increase agricultural goods imports from the North African country.
August 13th, 2014 - 07:52 GMT

If only it managed to go back to producing its own: Egypt, Russia mull free trade zone over wheat imports

The Dubai-based carrier is the world's largest operator of the A380 jets. In November, it announced plans to buy another 50 from the European planemaker at the Dubai Air Show.
August 13th, 2014 - 07:37 GMT

A tad unreasonable? Emirates agrees to $425 million loan to finance superjumbos

UAE nationals topped the list with Dh12.5 billion ($3.5 billion), .
August 13th, 2014 - 07:06 GMT

Too many eggs in the same basket? GCC investors spent $5 billion in 2014 alone on Dubai's real estate

Al Bawaba
August 13th, 2014 - 11:10 GMT

Documenting financial (mis)behaviour: Al Etihad Credit Bureau to begin issuing consumer credit reports


UAE was ranked the top country in the Middle East based on passengers carried.
August 13th, 2014 - 10:52 GMT

The link between East and West? Middle East airlines carried 158 million passengers in 2013

The 18 and 29 year-old age group, represents 23.7% (approximately 20 million) of the total population, of which 51.1% are men and the remaining 48.9% are women.
August 12th, 2014 - 10:21 GMT

Understanding the 'Arab Spring', years later: over 50% of Egypt's youth are poor

Al Bawaba
August 12th, 2014 - 03:08 GMT

Time for the trend to be reversed? Dubai experiences lowest hotel occupancy rate in 18 years

Advanced economies, represented by the US, Europe and Japan, have imported goods at the fastest rate in more than two years in the last three months.
August 12th, 2014 - 02:29 GMT

GCC energy sectors to vicariously profit from China, India's increased industrial activity

Jordan's credit challenges lie mostly in its fiscal and external accounts.
August 12th, 2014 - 02:21 GMT

Despite all stability, Moody maintains B1 credit rating for Jordan

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