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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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Lebanese economy is "not doing great. (Shutterstock)
August 2nd, 2018 - 11:34 GMT

Lebanon to Lose Projects Due to Fragile Economy

About $12.1 billion worth of projects are planned or under way in the oil and gas project market. (Pixabay)
August 2nd, 2018 - 11:28 GMT

Report: Qatar to Award $85 Billion Construction Projects

The company’s net profit in the first half of 2018 increased by 20 per cent to Dh225.7 million, compared to Dh188.7 million for the same period of 2017. (AFP)
August 2nd, 2018 - 11:25 GMT

Aramex Net Profit Soars to $33.2 Million in Q2'18

A new report predicts that regional economies will have weaned themselves off oil by 2050. (Shutterstock)
August 2nd, 2018 - 11:20 GMT

Study: GCC to Break Free From Hydrocarbons by 2050

Ehsan Khoman, Head of Research and Strategist for MENA at MUFG (CPI Financial)
August 2nd, 2018 - 11:13 GMT

Changes to Be Witnessed in the Middle East's Economy

Ten years on, and the latest BRICS summit this week has hardly merited a headline in the international media, though of course the journalists of the five states involved have given the three-day event in Johannesburg dutiful attention. (AFP)
August 2nd, 2018 - 11:05 GMT

Is It the end of the BRICs?

Companies don't want to be linked to someone who doesn't know to treat others nicely within the ambit of law. (Alaraby)
August 2nd, 2018 - 10:58 GMT

Dear Sondos, This Is Not About Islam or Being a Hijabi

The ministry urged the public to cooperate with the police and to report those wanted by the security and judicial authorities. (Shutterstock)
August 2nd, 2018 - 10:53 GMT

500 Expats to Be Deported in Kuwait

The number of violators arrested in Saudi Arabia since November 15, 2017 has reached 1,483,009. (Pixabay)
August 2nd, 2018 - 09:56 GMT

Over 10,000 Expats Deported Within One Week in Saudi Arabia

Saudi remittances abroad in the first half of this year reached SR33.01 billion compared to SR27.58 billion during the same period last year, registering a growth of 19.7 percent or SR5.43 billion. (Shutterstock)
August 2nd, 2018 - 09:47 GMT

After the Exodus: Expat Remittances Fall 16.9 Percent

The stimulus package introduced in early June this year will drive initiatives that directly affect the real estate sector. (Shutterstock)
August 2nd, 2018 - 09:38 GMT

Real Estate Market to Grow Significantly in Abu Dhabi

If you want to get bitcoins based on a fixed mining power, but you do not want to run the hardware, you can purchase a mining contract. (Shutterstock)
August 2nd, 2018 - 09:12 GMT

All You Need to Know About Bitcoin

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