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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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Garanti Bank sold $250 million worth of loans to Chinese and American banks and Halkbank is also in talks to sell loans. (Pixabay)
August 5th, 2018 - 11:46 GMT

Turkish Banks Free up Cash Through Foreign Lenders

Saudi Arabia is selecting finalists from five countries — the US, China, Russia, France and South Korea. (Shutterstock)
August 5th, 2018 - 11:14 GMT

Saudi Arabia Paves Its Path to Nuclear Power

UAE has improved its global ranking in Sustainable Economic Development Assessment index. (Shutterstock)
August 5th, 2018 - 11:03 GMT

The Reasons Behind Residents' Happiness in UAE

After posting Tuesday strong earnings and revenue for the April-May period this year, Apple shares gained 5.9 percent Wednesday on the New York Stock Exchange. (Pixabay)
August 5th, 2018 - 10:18 GMT

4 Milestones in Apple's Journey to $1 Trillion Market Value

The UAE and Saudi Arabia implemented 5 per cent VAT on a number of goods and services - including entertainment - from January 1, 2018. (Shutterstock)
August 5th, 2018 - 09:34 GMT

New Announcement by Federal Tax Authority in UAE

Jordanian Foreign Minister Ayman Safadi with French Minister of Europe and Foreign Affairs Jean-Yves Le Drian. (KUNA)
August 5th, 2018 - 09:29 GMT

France to Loan €1 Billion to Jordan

Iranian protesters shout slogans during a demonstration in central Tehran on June 25, 2018. (AFP)
August 5th, 2018 - 08:37 GMT

Protests Continue in Iran Due to Fear of New Sanctions

Saudi Arabia has restarted shipping through the Bab al-Mandab strait off the coast of Yemen, following its week-long closure after a Houthi attack. (Shutterstock)
August 5th, 2018 - 08:29 GMT

Saudi Arabia Resumes Oil Shipments Through Red Sea

The report has also projected that Qatar's current account balance would account for 7.5 percent of the total GDP. (Shutterstock)
August 5th, 2018 - 08:22 GMT

Report: Qatar GDP to Reach $75,063 in 2022

The Labour Ministry said Wednesday that around 180,000 Jordanians visited the website in the first 30 minutes after it was launched. (Shutterstock)
August 5th, 2018 - 08:15 GMT

More Than 100,000 Jordanians Compete for 10,000 Jobs in Qatar

Alwaleed Bin Talal. (Reuters)
August 4th, 2018 - 09:06 GMT

First Deal After Detention: Saudi Prince Invests SAR1 Billion Into Deezer

The UAE has 46 commercial banks for 9.5mn people, while Saudi Arabia has 12 local lenders and 14 foreign-bank branches for 33.6mn people, according to central bank data and information from Worldometers. (Shutterstock)
August 2nd, 2018 - 11:34 GMT

The Reasons Behind GCC Banks Mergers

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