ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan today received ...
Read More »Ill-conceived plans script Venezuela’s power woes
The economic recession triggered by the drop of oil prices and the El Nino weather phenomenon, which has caused the country’s hydroelectric dams to run low, have combined to bring the once-booming Venezuela to its knee. Venezuela’s revenue, highly dependent on oil exports, has dropped from $80 billion in 2013 to between $20 billion and $25 billion in 2015, ...
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