President of the Venezuelan National Assembly Juan Guaido sees himself as the de factor leader of the oil-rich country. EPA
President of the Venezuelan National Assembly Juan Guaido sees himself as the de factor leader of the oil-rich country. EPA
President of the Venezuelan National Assembly Juan Guaido sees himself as the de factor leader of the oil-rich country. EPA
President of the Venezuelan National Assembly Juan Guaido sees himself as the de factor leader of the oil-rich country. EPA

Venezuela's Guaido says Iran fuel shipment ought to alarm Latin America


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Iran's fuel shipment to gasoline-starved Venezuela ought to "alarm" Latin America, Venezuelan opposition leader Juan Guaido said on Wednesday, as five Iranian fuel tankers head towards the South American country.
Both Opec members are US adversaries whose oil industries are under US sanctions. Trump administration officials say Washington is considering a response to the shipment.
"We are very concerned for the safety of Venezuelans, and of Latin America as well, due to this attempted Iranian presence on Venezuelan soil," said Mr Guaido, who leads the opposition-held National Assembly and is recognised as the rightful president by dozens of countries, including the United States.
The tankers - Fortune, Forest, Petunia, Faxon and Clavel - are carrying around 1.5 million barrels of fuel, and passed the Suez Canal in the first two weeks of May, Refinitiv Eikon data show. They are expected to arrive in Venezuela between late May and early June.
Mr Guaido said the fact President Nicolas Maduro's socialist government is importing fuel shows its mismanagement of the country's oil industry. Venezuela's refining network has 1.3 million barrels per day (bpd) of capacity, but has collapsed after years of underinvestment.


Mr Maduro calls Mr Guaido a US puppet seeking to oust him in a coup, and blames US sanctions for Venezuela's economic woes. Neither Venezuela's oil ministry nor its information ministry, which responds to media requests on the government's behalf, immediately responded to requests for comment.
Mr Guaido said his team believed Venezuelan officials were paying Iran for the shipment with gold from informal mines in the country's southern jungles, which have been criticised by environmental activists and rights groups for contaminating watersheds and fueling massacres as gangs battle for territory.
"They're paying for that gasoline with blood gold," Mr Guaido said in an online panel discussion hosted by the Inter-American Dialogue, a Washington-based think tank.

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Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

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Stars:Robert Pattinson

Director:Matt Reeves

Rating: 5/5

House-hunting

Top 10 locations for inquiries from US house hunters, according to Rightmove

  1. Edinburgh, Scotland 
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RESULTS

5pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (Turf) 2,200m
Winner: M'A Yaromoon, Jesus Rosales (jockey), Khalifa Al Neydai (trainer)

5.30pm: Khor Al Baghal – Conditions (PA) Dh80,000 (T) 1,600m
Winner: No Riesgo Al Maury, Antonio Fresu, Ibrahim Al Hadhrami

6pm: Khor Faridah – Handicap (PA) Dh80,000 (T) 1,600m
Winner: JAP Almahfuz, Royston Ffrench, Irfan Ellahi

6.30pm: Abu Dhabi Fillies Classic – Prestige (PA) Dh110,000 (T) 1,400m
Winner: Mahmouda, Pat Cosgrave, Abdallah Al Hammadi

7pm: Abu Dhabi Colts Classic – Prestige (PA) Dh110,000 (T) 1,400m
Winner: AS Jezan, George Buckell, Ahmed Al Mehairbi

7.30pm: Khor Laffam – Handicap (TB) Dh80,000 (T) 2,200m
Winner: Dolman, Antonio Fresu, Bhupath Seemar

Sole survivors
  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
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Gothia Cup 2025

4,872 matches 

1,942 teams

116 pitches

76 nations

26 UAE teams

15 Lebanese teams

2 Kuwaiti teams

Email sent to Uber team from chief executive Dara Khosrowshahi

From: Dara

To: Team@

Date: March 25, 2019 at 11:45pm PT

Subj: Accelerating in the Middle East

Five years ago, Uber launched in the Middle East. It was the start of an incredible journey, with millions of riders and drivers finding new ways to move and work in a dynamic region that’s become so important to Uber. Now Pakistan is one of our fastest-growing markets in the world, women are driving with Uber across Saudi Arabia, and we chose Cairo to launch our first Uber Bus product late last year.

Today we are taking the next step in this journey—well, it’s more like a leap, and a big one: in a few minutes, we’ll announce that we’ve agreed to acquire Careem. Importantly, we intend to operate Careem independently, under the leadership of co-founder and current CEO Mudassir Sheikha. I’ve gotten to know both co-founders, Mudassir and Magnus Olsson, and what they have built is truly extraordinary. They are first-class entrepreneurs who share our platform vision and, like us, have launched a wide range of products—from digital payments to food delivery—to serve consumers.

I expect many of you will ask how we arrived at this structure, meaning allowing Careem to maintain an independent brand and operate separately. After careful consideration, we decided that this framework has the advantage of letting us build new products and try new ideas across not one, but two, strong brands, with strong operators within each. Over time, by integrating parts of our networks, we can operate more efficiently, achieve even lower wait times, expand new products like high-capacity vehicles and payments, and quicken the already remarkable pace of innovation in the region.

This acquisition is subject to regulatory approval in various countries, which we don’t expect before Q1 2020. Until then, nothing changes. And since both companies will continue to largely operate separately after the acquisition, very little will change in either teams’ day-to-day operations post-close. Today’s news is a testament to the incredible business our team has worked so hard to build.

It’s a great day for the Middle East, for the region’s thriving tech sector, for Careem, and for Uber.

Uber on,

Dara

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While you're here
RedCrow Intelligence Company Profile

Started: 2016

Founders: Hussein Nasser Eddin, Laila Akel, Tayeb Akel 

Based: Ramallah, Palestine

Sector: Technology, Security

# of staff: 13

Investment: $745,000

Investors: Palestine’s Ibtikar Fund, Abu Dhabi’s Gothams and angel investors