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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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Trade between Iran and Turkey jumped sharply in 2013 compared to the decade ending in 2012.
August 5th, 2014 - 08:21 GMT

Playing Iran and Israel at the same time? Turkey aims for $35 billion worth of trade with Tehran

The $150 million power plant — which will be the largest PV facility in the Middle East — is one of the main projects in Jordan’s plan to diversify its power generation portfolio.
August 5th, 2014 - 08:01 GMT

It's always sunny in Jordan: US company to introduce solar energy in Ma'an

Market observers said the proactively worded statement was a political ploy made just days before Turkey prepares to elect its president directly for the first time in the history of the republic.
August 5th, 2014 - 08:01 GMT

Playing to the audience as elections loom? Turkey threatens to backtrack on three Israeli pipelines over Gaza attacks

A major objective of the law, according to Majali, is to ensure the local administrations in the governorates have more powers to develop and manage services.
August 5th, 2014 - 07:51 GMT

A two way street? Jordanian government seeks public’s feedback on 'reform drive'

Brazil is a significant exporter of Halal foods. In 2013 it shipped 1.48 billion tonnes of chicken to the Middle East.
August 5th, 2014 - 07:29 GMT

Lured by halal livestock? Banco de Brasil to launch first Sharia-complaint fund

Al Bawaba
August 5th, 2014 - 03:55 GMT

Foreign investors spend $941 million on Saudi proxy shares in hopes of ownership

The project, located on Saudi Arabia’s Red Sea coast, received a formal go-ahead from the parent firms in 2012.
August 4th, 2014 - 07:15 GMT

Backtracking? Aramco, Sumitomo transfer ownership of impending $8.5 billion plant

Etisalat’s enhanced roaming network includes all GCC countries, allowing customers to enjoy data usage anywhere in the region as well as in 36 new destinations.
August 4th, 2014 - 06:57 GMT

Etisalat 3G coverage to reach 106 countries

Al Bawaba
August 4th, 2014 - 03:55 GMT

An unexplainable development: Egypt's car sales up 56% despite lifting of subsidies

The conglomerate, in which sovereign fund Investment Corp of Dubai owns an 11.5 per cent stake, posted a net profit of Dhs805 million ($219.2 million).
August 4th, 2014 - 03:55 GMT

Despite divestments: Dubai Investments' profits more than double

Al Bawaba
August 4th, 2014 - 03:55 GMT

Moving forward: Al-Sisi looking into three 'major' investment projects

Al Bawaba
August 4th, 2014 - 03:55 GMT

Opening up one of the world's last standing untapped phone markets: Qatar introduces low-cost sim cards in Myanmar

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