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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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The dollar was trading at about 112,000 rials on the black market compared to about 90,000 last week as Iranians braced for tough times ahead. (Shutterstock)
August 1st, 2018 - 05:55 GMT

Iran Faces Economic Disaster After Its Currency Plunges

Prices had been reduced for the month of July. (Shutterstock)
August 1st, 2018 - 04:47 GMT

New Petrol Prices for August in UAE

The WB already extended $250 million to the Kingdom last week as the first part of the $500 million financing. (Shutterstock)
July 31st, 2018 - 10:03 GMT

World Bank to Disburse $250 Million to Jordan in August

The remaining 2,341 subscribers were fixed narrowband internet customers, who have a speed of less than 256 kilobytes. (Shutterstock)
July 31st, 2018 - 09:02 GMT

Number of Internet Subscribers in Oman Increases by 11 Percent

Sisi mocked the viral Kiki challenge, which has swept social media. (Shutterstock)
July 31st, 2018 - 08:14 GMT

Sisi Blames Kiki Challenge for Egypt's Deteriorating Economy

Expo 2020 will give China an opportunity to demonstrate its institutional and technological innovation and showcase its history and culture. (Trade Arabia)
July 31st, 2018 - 08:04 GMT

Expo 2020 Signs Agreement to Strengthen Chinese Presence

The initiative reflects the efforts of the Knowledge Fund to support the development of the education sector and encourage investment in education. (Shutterstock)
July 31st, 2018 - 07:59 GMT

No Increase in Rental Value on Assets Leased to Schools in Dubai


The emirate’s hotel inventory is growing quickly with 17 new hospitality projects worth over $860 million delivered in the first quarter of 2018 only. (Shutterstock)
July 31st, 2018 - 07:53 GMT

Report: Dubai Hospitality Projects' Value Reaches $43 Billion in Q1'18

The financing would help the government diversify its funding sources, extend its debt maturity profile and reduce costs. (Shutterstock)
July 31st, 2018 - 07:48 GMT

Standard Chartered to Raise $1.2 Billion in Oman

Iraq’s intelligence service and Lebanon’s General Security unveiled a scam network that spreads false information about several Lebanese banks and blackmails them. (Shutterstock)
July 31st, 2018 - 07:35 GMT

Iraq, Lebanon Unveils Banks' Scamming Network

The issuance or renewal of work permits has been linked with the authentication of house rent contracts in the Ejar network. (Shutterstock)
July 31st, 2018 - 07:21 GMT

House Rent Contract Required for Work Permit Issuance, Renewal in Saudi Arabia

Careem has collaborated with a number of blind people to complete the testing phase and share their observations and challenges in using the app. (File/Photo)
July 31st, 2018 - 07:11 GMT

Careem Adds Features to Serve the Blind in Saudi Arabia

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