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 %.
UNDP experts estimate that "the nation's economy is…
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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…
Venezuela reviews import substitution mechanisms
Venezuela's Vice President, Delcy Rodríguez, recently led the Venezuelan Foreign Trade Committee (Comex) to evaluate the import policies promoted by President Nicolás Maduro.
The objective is to conduct a study of measures to strengthen…
Mercosur and Canada to resume free trade agreement negotiations
Canada and Mercosur member States will resume negotiations on a free trade agreement in October, a Brazilian representative said last week.
The announcement comes as a light at the end of the tunnel for the parties amid the tariff…
Cotton cultivated for the first time in the Egyptian desert
Egypt announced the cultivation of cotton in desert conditions for the first time, following several trials conducted in the city of El Tor in South Sinai.
Regarding this, Minister of Agriculture and Land Alaa Farouk stated that "this…
Investor scams on social media are on the rise with the help of artificial intelligence
Faced with financial doubts and concerns, it's no surprise that people are looking for alternatives to make their money go further. This leads users with little investment experience to become interested and take their first steps. ESET, a…