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Strategic Oil Reserves
March 14th, 2026 - 12:53 GMT
Osama Ali

Osama Ali

Japan announces major oil reserve release amid Iran war market shock

ALBAWBA - As part of an international effort to calm the world's energy markets after the conflict with Iran caused substantial price hikes, Japan announced intentions to release a significant amount of its strategic oil reserves. After initially expressing reluctance, European nations have decided to take part in a coordinated release of oil reserves, according to Japanese Industry Minister Ryosei Akazawa on Saturday. After Japan had earlier assisted in easing ...
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Arif Naqvi, Founder of Abraaj Group. (AFP)
August 6th, 2018 - 11:06 GMT

Abraaj Group Considers Splitting North Africa Fund From Parent Compan

The workshop is meant to also improve transparency and counter-corruption levels, better manage risks, and stabilize the financial system, Omran said. (Shutterstock)
August 6th, 2018 - 10:40 GMT

Egypt to Cut off 50 Percent of Investors' Fees

It cited drafters of the PMI report as saying that the uncertain political landscape, combined with cash flow issues, reportedly weighed on demand conditions in July. (Shutterstock)
August 6th, 2018 - 10:14 GMT

Report: Private Sector in Lebanon Continues to Deteriorate

Trade volume at Amman offices and the DLS headquarters amounted for 70 per cent of the Kingdom’s trade, roughly totalling JD2.153 billion, the Jordan News Agency, Petra, reported. (Shutterstock)
August 6th, 2018 - 09:54 GMT

Real Estate Trade Volume in Jordan Falls 11 Percent in 2018

Two Qatari men at the Majlis Qatar pavilion in Moscow’s Gorky Park, on July 12. (AFP)
August 6th, 2018 - 09:32 GMT

The 2022 World Cup: A Bliss or A Curse for Qatar?

To encourage Iranians to return their hard cash to the economy, the plan allows the central bank to set up dollar savings accounts for ordinary people, state television said. (Shutterstock)
August 6th, 2018 - 09:13 GMT

Iran Eases Foreign Exchange Rules to Protect Its Own Currency

A large trade delegation from TRNC is expected to visit Qatar in the near future to establish trade ties with their counterparts in Doha, the envoy said. (Shutterstock)
August 6th, 2018 - 09:09 GMT

North Cyprus Mulls Over Establishing Trade Ties With Qatar

In a statement to the press, the Central Bank of Kuwait “assures that all the figures contained in that report are altogether incorrect." (Shutterstock)
August 6th, 2018 - 09:03 GMT

Central Bank of Kuwait Denies Expats Bad Debts Report


As part of the campaign, in which 19 ministries and government departments are participating, 385,499 of the detainees were deported to their respective home countries during the period. (Pixabay)
August 6th, 2018 - 08:57 GMT

Saudi Arabia Deports More Than 385,000 Expats in 9 Months

The UAE is ranked amongst the top countries in terms of mobile penetration and easy access to internet, which further enhances the country’s potential for embracing digital banking services. (Shutterstock)
August 6th, 2018 - 07:38 GMT

4 Areas Commercial Banks Need to Digitize

The move follows vigorous calls by Canada for the immediate release of human rights activists swept up in a new wave of detentions. (Pixabay)
August 6th, 2018 - 07:13 GMT

Saudi Arabia Freezes All Business Ties With Canada

The first half of 2018 recorded 141 investments, a 12 per cent increase over the corresponding period. (Pixabay)
August 5th, 2018 - 11:55 GMT

Startups in UAE Dominate MENA Region

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