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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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Hundreds chant “death to the dictator" at industrial complex. (AFP)
August 2nd, 2018 - 09:02 GMT

Demonstrations in Iran as Economy Deteriorates

Cryptech highlighted that it believes that the Blockchain 2021 strategy by government agency Smart Dubai will deliver a major boost to the economy. (Shutterstock)
August 1st, 2018 - 11:05 GMT

Cryptech: Blockchain Technologies to Transform Dubai Real Estate Industry

From August to October, the Treasury will repay 13.8 billion Turkish liras ($2.8 billion) of external debts, including 6 billion liras ($1.2 billion) interest payment. (Shutterstock)
August 1st, 2018 - 10:38 GMT

Turkey to Repay $7 Billion Debt in the Coming Three Months

Jordanian engineers will have a major role in the reconstruction of neighbouring Iraq. (Shutterstock)
August 1st, 2018 - 09:48 GMT

Jordanian Engineers to Reconstruct Iraq

The construction of the Bus Rapid Transit should be done by late 2020. (The Jordan Times)
August 1st, 2018 - 09:40 GMT

Bus Rapid Transit in Jordan to Operate in 2020

e-recruitment in the Kingdom of Saudi Arabia’s IT and Telecom sector recorded a substantial increase of 29 percent from June 2017. (Shutterstock)
August 1st, 2018 - 07:28 GMT

Report: Saudi IT & Telecom Sector Records 29 Percent Increase in Hiring

A Dh1 million fine will also be incurred by developers for late projects. (Shutterstock)
August 1st, 2018 - 07:20 GMT

Real Estate Developers in Abu Dhabi to Face up to Dh1 Million Fine

Facebook boss Mark Zuckerberg has his hands full, thanks to an array of situations coming upon his company. (Shutterstock)
August 1st, 2018 - 07:16 GMT

Is It the Right Time to Invest in Facebook Shares?

This is the third such amnesty announced by the UAE government in just over a decade. (KhT/Twitter)
August 1st, 2018 - 07:14 GMT

Illegal Expats in UAE Start Availing Amnesty

An increasing number of Western banks and fund managers are looking to expand in the Kingdom. (Shutterstock)
August 1st, 2018 - 06:29 GMT

Credit Suisse Seeks Full Banking Licence in Saudi Arabia

To date, Naqvi denies wrongdoing, and remains outside the UAE after a warrant for his arrest had been issued. (AFP)
August 1st, 2018 - 06:20 GMT

Abraaj Founder Faces New Criminal Case Over Another Bounced Cheque

Funding in Saudi Arabia was able to keep pace in Q2 2018, showing strong signs of ecosystem growth in the Kingdom’s market according to The Badir report. (Shutterstock)
August 1st, 2018 - 06:08 GMT

Startups in Saudi Arabia Raise More than $3 Million Funding in Q2'18

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