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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 move to refund VAT, yet again shows UAE’s strategic ability to drive the growth of the country. (Shutterstock)
July 31st, 2018 - 07:04 GMT

The Effect of VAT Refund for Tourists on UAE's Economy

Priority will be given to applicants from this pool of job seekers. (Shutterstock)
July 31st, 2018 - 06:59 GMT

6-Month Visa for Job Seekers in UAE

The pound has suffered its worst three-month period in the second quarter since the vote to leave the European Union in June 2016. (Shutterstock)
July 29th, 2018 - 10:40 GMT

Analysts Advise British Expats to Remit

China, United Araba Emirates (UAE), Iraq, Afghanistan, and South Korea were the main export markets of Iranian non-oil goods during the four-month period. (Shutterstock)
July 29th, 2018 - 10:31 GMT

Non-Oil Exports Rises to 14.69 Percent in Iran

The State’s accounts recorded KD 16.0 billion in revenue, KD 19.2 billion in expenditure, and closed with a fiscal deficit of KD 4.8 billion after accounting the transfer of 10% of total revenue to the State’s Future Generations Fund (FGF) as mandated by law. (Shutterstock)
July 29th, 2018 - 10:07 GMT

Non-Oil Revenue Rises 21.7 Percent in Kuwait

In early July, the government announced its mechanisms of pricing fuel derivatives and indicated that it generated JD854 million in 2017, representing 13 per cent of last year's local revenues, from taxes and fees imposed on fuel derivatives. (Shutterstock)
July 29th, 2018 - 09:50 GMT

Reasons Behind High Taxes on Fuel in Jordan

The report’s findings indicated a rise of 11 per cent in banks’ credit facilities provided to large companies in 2017, reaching JD9.6 billion and constituting 38.1 per cent of the total banks’ facilities. (Shutterstock)
July 29th, 2018 - 09:36 GMT

Report: Banking Sector in Jordan Ranks Third Among 19 European Countries

The Lebanese companies named Wednesday were part of a broader list issued by the U.S. Treasury’s Office of Foreign Assets Control that included firms in Syria, Russia and Ukraine. (Shutterstock)
July 29th, 2018 - 09:19 GMT

U.S. Imposes New Sanctions on Lebanese Companies

Dubai already occupies a prestigious global position as an ultimate destination for tourism and recreation. (Shutterstock)
July 29th, 2018 - 09:10 GMT

Dubai Remains the Preferred Medical Tourism Destination in the Arab Region

The index is among the top performers on a global scale, ending the month of June with a 15.1% gain since the beginning of the year. (File/Photo)
July 29th, 2018 - 09:02 GMT

Saudi Stock Market Prospers in First Half of 2018

The number of Saudi doctors who are seeking job and who have been professionally categorized by the commission as doctors has reached 5,967, the SCFHS said. (Shutterstock)
July 29th, 2018 - 08:53 GMT

Unemployment in Saudi Arabia: Almost 6,000 Doctors Seeking Jobs

The value of total Qatari exports including exports of local origin and re-exports in June amounted to QR26.9 billion. (Shutterstock)
July 29th, 2018 - 08:33 GMT

Qatar's Trade Balance Surplus Soars 44.5 Percent to QR18 Billion

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