With the support of IDB Invest, Panama has begun seeking $1 billion in private investment to bolster key sectors of its development: energy, construction, tourism, water and sanitation, housing, digital infrastructure, employment, manufacturing, agribusiness, and financial services.

The Ministry of Economy and Finance (MEF) announced that the strategic alliance with IDB Invest, the private sector arm of the Inter-American Development Bank (IDB) Group, will help “boost the economy, expand access to financing, strengthen productive sectors with growth potential, and contribute to job creation.”

The ministry explained that the funds would be allocated directly to private companies and projects “or channeled through financial institutions to expand access to credit for micro, small, and medium-sized enterprises (MSMEs).”

In addition to financing, technical assistance is expected for initiatives in the renewable energy, energy efficiency, electric mobility, and resilient infrastructure sectors.

It is important to note that in the first half of 2026, IDB Invest committed approximately $200 million in new operations in Panama and plans to increase that amount as new eligible projects are identified and approved.

M.Pino

Source: telemetro

(Reference image source: Alex Pagliuca on Unsplash)

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La entrada Panama receives support from IDB Invest to attract private investment apareció primero en Bitfinance.

The CatCARD platform, developed by Phoenix3k, is the Venezuelan banking system’s newest partner, aiming to centralize the issuance and monitoring of debit, credit, and prepaid cards, as well as achieve a single digital infrastructure.

“This new technology integrates with the company’s existing services, such as the CatSW switching system and the CatPAY mobile payment platform, with the goal of reducing operational fragmentation within financial institutions and accelerating the launch of new financial products.”

CatCARD covers the entire card lifecycle, from initial creation to collections management, as well as chargeback administration and the issuance of virtual cards for commercial or corporate transactions.

The system offers:

• Security tools for transaction validation.
• Real-time fraud risk assessment.
• Authentication protocols with dynamic keys for electronic purchases.
• Automation of daily reconciliation processes for transactions against final settlements.
• Easy release of withholdings.
• Rapid generation of files for manufacturing physical cards according to industry requirements.

M.Pino

Source: globovision

(Reference image source: Vitaly Gariev on Unsplash)

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La entrada Venezuelan banking system incorporates Phoenix3k’s CatCARD platform to unify card management apareció primero en Bitfinance.

Within Bancamiga’s broad loan portfolio, two options stand out, designed to provide immediate liquidity: Credi POS and Credi Express, both with a preferential annual interest rate of 16 %.

This is explained in an institutional press release. Whether you’re looking to expand your business or need a personal financial boost, discover how these products fit your plans.

Credi POS is a loan designed for individuals and businesses that own and maintain active Bancamiga point-of-sale terminals.

Main features of Credi POS:

• Interest rate: 16 % per year.
• Repayment term: up to 6 months.
• Targeted at: merchants, business owners, and individuals with commercial activity.

Bancamiga point-of-sale terminals not only facilitate fast transactions but also allow you to generate extra income through commissions on balance top-ups and bill payments, with daily fund settlement (including weekends and holidays).

Fast financing for individuals

For those who need a quick response and flexible terms, Credi Express is the ideal solution. This product rewards customer loyalty by evaluating the level of account activity.

Advantages of Credi Express:

• Interest rate: 16 % per year.
• Payment term: 3 months.
• Direct evaluation: granted based on your Bancamiga account history and activity.
• Targeted at: individuals.

In addition to Credi POS and Credi Express, Bancamiga offers comprehensive credit coverage tailored to different needs:

• Microloans and financing for entrepreneurs.
• CrediMujer and business lines of credit.
• Vehicle loans and credit cards.
• Contingency Fund, recently created to support sectors affected by the earthquakes of June 24.

How to apply for Credi POS or Credi Express at Bancamiga?

Obtaining bank-backed financing is fast and secure. If you would like to know the specific requirements:

3. Visit the Bancamiga branch or teller nearest to your location.
4. Receive personalized advice from our team of account executives.
5. Select the loan option that best suits your financial profile.

Growth is easier when you have the right support! Check out your loan options at Bancamiga today! (Invitation from the institution).

Information and image are for illustrative purposes only, courtesy of Bancamiga Banco Universal

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La entrada Bancamiga Credi POS and Credi Express: Loans to boost your business apareció primero en Bitfinance.

Apple could soon launch its new foldable iPhone Ultra model, similar to an iPad Mini, with exciting new features for fans of the brand.

According to leaked information about the design, it will be book-style, and when opened, it will resemble a compact tablet.

Among its most notable features is the dual rear camera system, with a telephoto lens due to space limitations, consisting of two 48MP sensors (Main and Ultra Wide).

Additionally, it features a battery with an estimated capacity between 4,800 and 5,000 mAh using a dual-cell design.

The operating system is iOS 2.7. It has an Apple A20 Pro processor and 12 GB of RAM. It also includes a Touch ID biometric identification system with a fingerprint sensor integrated into the side power button; an Apple C2 modem; and 5G connectivity compatible with Wi-Fi 7.

M.Pino

With information from international media

(Reference image source: Laurenz Heymann on Unsplash)

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La entrada The iPhone Ultra is Apple’s first foldable phone apareció primero en Bitfinance.

The Venezuelan Ministry of Transportation announced that cargo flights to and from Simón Bolívar International Airport in Maiquetía, La Guaira state, will resume this Wednesday, August 5, as a step toward recovery following the earthquakes of June 24.

According to a statement released on Friday, July 31, by the ministry via its social media channels, the Venezuelan government seeks to “restore airport operations in compliance with civil aviation operational safety standards and current national and international regulations.”

 

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Una publicación compartida por VTV Canal 8 (@vtv_canal8)

M.Pino

Source: elcarabobeno

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La entrada Maiquetía Airport to resume cargo flights on August 5 apareció primero en Bitfinance.

Aruba announced this weekend, via a NOTAM, the reopening of its air border with Venezuela, representing the gradual resumption of commercial flights only from Queen Beatrix International Airport to Venezuelan territory.

Juan Gotopo, Vice President of the La Vela de Coro Chamber of Commerce, stated that “the authorization applies exclusively to commercial flights.” Regarding general aviation and private transfers, the Aruban government “will announce the formal start date later, as this category requires additional technical coordination among the institutions involved.”

🇦🇼🇻🇪 Aruba y Venezuela inician la reapertura gradual de su frontera aérea este 1-Agohttps://t.co/SEcW19q5R0

— Notitarde (@webnotitarde) August 1, 2026

M.Pino

Source: ultimasnoticias

(Reference image source: Ross Parmly on Unsplash)

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La entrada Aruba resumes commercial flights with Venezuela apareció primero en Bitfinance.

Oil companies worldwide have reported substantial profits during the first quarter and first half of the year, with cautious expectations given the Middle East conflict.

Regional scenario: Latin America and the United States

Brazilian company Petrobras reported a daily average of 3.281 million barrels of oil and natural gas in the first half of the year, equivalent to 15.1% more than the same period in 2025.

Venezuelan oil company PDVSA reported accumulated revenues of $9.4 billion from January to May. Meanwhile, the refining subsidiary Citgo Petroleum closed its first quarter of 2026 with a net profit of $157 million.

The Argentine company YPF reported a net profit of $409 million and an operating profit of $878 million, in addition to achieving a record adjusted EBITDA for a first quarter of $1.594 billion, thanks to higher international prices and efficiency in Vaca Muerta.

The US-based Chevron reported net profits of $2.2 billion and adjusted profits of $2.8 billion in the first quarter of 2026. ConocoPhillips reported adjusted earnings per share (EPS) of $1.89 and total revenue of approximately $15.36 billion in the same period.

Europe and Asia

Repsol (Spain) reported earnings of €2.201 billion in the first half of this year, a 265% increase, for a net profit of €2.711 billion.

Italy’s Eni reported earnings of €4.390 billion from January to June, a 156 % increase compared to the €1.715 billion reported for the same period last year.

Finnish oil company Neste reported a net profit of €1.298 billion in the first half of the year.

British Shell reported $6.9 billion in earnings for the first quarter and a net profit of $5.694 billion.

Saudi Aramco, for its part, posted an adjusted net profit of $33.6 billion from January to March, representing a year-on-year increase of 25 % to 26 % compared to the same period in 2025.

PetroChina also reported a net profit attributable to shareholders of 48.333 billion yuan (approximately $7.07 billion) in the first quarter of 2026, a year-on-year increase of 1.9 %.

M.Pino

With information from international media

(Reference image source: Ben Wicks on Unsplash)

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La entrada Oil companies profits in 2026 apareció primero en Bitfinance.

Venezuela will be present at the Bogotá Industrial Fair 2026 (FIB 2026), which will be held in the Colombian capital from September 28 to October 2 of this year at Corferias.

 

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Una publicación compartida por Corferias (@corferias)

The country will showcase its advancements and services in key sectors, such as metalworking, construction, electricity generation, agribusiness, healthcare, tourism, and information technology.

Venezuela will be the “Guest Country” at the event, which is expected to draw more than 38,000 professional visitors and 460 companies from various continents. The agenda includes the “Venezuela 2026 Forum: Industry, Innovation, and Investment,” scheduled for September 29th; a meeting place for “public sector representatives, business leaders, and investors to address six thematic areas: industrial competitiveness, technology, energy, infrastructure, exports, and investment.”

The fair will provide an ideal venue for in-person and online B2B business matchmaking sessions to connect the country’s export offerings with international market demand.

M.Pino

Source: ultimasnoticias

(Reference image source: Christopher Burns on Unsplash)

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La entrada Venezuela will be present at the Bogotá Industrial Fair 2026 apareció primero en Bitfinance.

Elon Musk predicts a loss of interest in money by 2036 as a consequence of the increasingly rapid adoption of artificial intelligence in daily life.

In 10 years, machines will cover basic needs in various areas of human life, giving people more time to dedicate to creative activities, without worrying about money and survival through work as they have until now.

According to the tech magnate, “the impact of artificial intelligence and robots on the global economy is no longer exclusive to technologists and economists.” Musk says that by 2036, “automation will be so advanced that scarcity will no longer be an issue and abundance will be the norm.”

The owner of SpaceX, Starlink, Tesla, and the social network X made this statement in an interview with Zanny Minton Beddoes, editor-in-chief of The Economist. He added, “If robots and AI can produce more goods and services than any one person could consume, money will no longer be necessary.”

According to his vision, work will be optional, and access to goods and services will be virtually unlimited. “There will be a universal high income. Work will be like gardening: you don’t have to do it, but you might want to.”

When asked about the future of businesses if people stop paying for goods and services, Musk pointed out that automated production will outstrip demand to such an extent that money will no longer be necessary.

This is an ambitious prediction that even involves the National Treasury issuing checks directly to citizens, “eliminating concerns about inflation, since production would grow at a rate sufficient to keep prices stable or even promote deflation.”

Utopia or provocation? We will have to wait and see how AI and other technologies will affect life on the planet in the coming years.

M.Pino

Source: infobae

(Reference image source: Simon Kadula on Unsplash)

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La entrada Elon Musk predicts the effects of AI on money and work in 2036 apareció primero en Bitfinance.

The National Telecommunications Commission (Conatel) held a meeting with representatives of SpaceX/Starlink to evaluate new connectivity and internet options for the public in Venezuela.

According to Conatel, the objective is “to strengthen the telecommunications sector and ensure that Venezuelans have a wide and diverse range of internet connectivity options.”

Conatel Director General Enrique José Quintana and his team participated in the meeting. Emmanuel Cárdenas, Director of Legal and Regulatory Affairs for SpaceX in Latin America; Catalina Castellanos, telecommunications lawyer for the region; Rebecca Hunter, Director of Market Access for SpaceX; and other legal representatives of the company.

During the working session with companies owned by Elon Musk, the commission emphasized its commitment to continue “driving the technological modernization of Venezuela, opening the doors to international investment under clear, sovereign, and transparent rules.”

The meeting between both parties analyzed key technical, legal, and economic aspects for the regulation and deployment of satellite internet service in Venezuela, “guaranteeing compliance with current legal regulations and the protection of users.”

M.Pino

Source: bancaynegocios

(Reference image source: Mariia Shalabaieva on Unsplash)

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La entrada Conatel seeks to formalize Starlink service in Venezuela apareció primero en Bitfinance.