Starting next October, the Organization of the Petroleum Exporting Countries (OPEC+) will increase production to 137,000 barrels per day, according to eight members at a virtual meeting last Sunday, September 7.
Thus, Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan,…
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Bancamiga promotes more entrepreneurs in Valencia and Caracas at its forums
Bancamiga reaffirmed its commitment to the country's economic development by training more than 400 entrepreneurs from Valencia and Caracas with the "Keys to Entrepreneurship in Venezuela" forums, which offer essential tools and strategic…
BRICS reject US tariff policy
The BRICS countries made public their rejection of US tariff policies during their recent virtual summit.
The meeting was convened by Brazilian President Luiz Inácio Lula da Silva and was held via videoconference by the group of emerging…
Venezuela signs alliance for salt exploitation in the eastern part of the country
A strategic alliance between the government of the state of Sucre, in the eastern part of Venezuela, and the International Center for Productive Investment (CIIP) will allow international investment for the exploitation of the Araya salt…
UNDP forecasts 5.8 % economic growth for the Venezuelan economy
According to forecasts from the United Nations Development Programme (UNDP) office in Venezuela, the South American country's economy could grow by 5.8 %. Of that total, the oil sector is expected to grow by 13 % and non-oil activity by 3.4…
Brazil formalizes its application for IEA membership
Brazil has formalized its application to become a member of the International Energy Agency (IEA), an organization that "brings together the major energy consumers of the developed world," the OECD-affiliated body announced.
According to…
Venezuela and Turkey to open direct maritime trade route
The direct maritime trade route between Venezuela and Turkey will be inaugurated on September 15th, according to the president of the Venezuelan-Turkish Business Chamber, Hayri Kucukyavuz, this week.
The route will seek to increase the…
Major Japanese bank to launch its own digital currency in 2026
Japan Post Bank, one of Japan's largest banks, announced that it will launch its own digital currency, DCJPY, in fiscal year 2026, pegged to customer deposits and at a 1-to-1 ratio with the yen.
With this move, the bank "will seek to…
IEA forecasts increase in global oil production, led by three Latin American countries
The International Energy Agency (IEA) estimates that oil demand will continue to rise. In this context, production is expected to continue at this upward pace, reaching 5.8 million barrels per day, with a quarter coming from Argentina,…
US economy grew 3.3 % in the second quarter
US economic growth for the second quarter of 2025 was 3.3 %, slightly above the 3.1 % forecast.
This data confirms that the country's Gross Domestic Product growth was revised upward for the April-June period, according to the Bureau of…
Venezuelan exports to Colombia increased by 92 %
The director of Procolombia, Carlos Luna, detailed that exports from Venezuela to Colombia increased by 92 % between 2022 and 2025.
The agency in Venezuela also provided details of exports from Colombia to Venezuela during the same period,…
Bancamiga is the bank with the highest transaction limit
Always thinking about meeting the needs of its customers, Bancamiga raised its transaction limits, becoming the bank with the highest limits in the financial system.
From now on, Bancamiga customers will be able to make transfers of up to…