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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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"I was banned from writing. I was banned from tweeting at that time." - Jamal Khashoggi (AFP)
July 29th, 2018 - 07:04 GMT

Saudi Self-Exiled Journalist: Free Expression Is Repressed in Saudi Arabia

The Iranian government said in April that it had developed an experimental domestic cryptocurrency. (Shutterstock)
July 29th, 2018 - 06:44 GMT

Iran to Launch Its National Cryptocurrency to Combat U.S. Sanctions

Huda Kattan, the Dubai blogger turned businesswoman comes on the 20th position and charges $33,000 (approximately Dh 121,000). (Instagram)
July 27th, 2018 - 06:00 GMT

These Are the Celebrities Who Made It to 'Instagram Rich List'

Data for the Index comes from the hundreds of millions of tests taken by real people using Speedtest every month.(Shutterstock)
July 26th, 2018 - 10:45 GMT

Qatar Ranks First in the World for Mobile Network Speeds

Illegal expat workers in the United Arab Emirates (UAE) can now leave the country without paying any fines as part of an amnesty campaign. (AFP)
July 26th, 2018 - 10:04 GMT

UAE Grants Amnesty to Illegal Expat Workers

The platform will allow SMEs to break down many obstacles and open up new opportunities. (Shutterstock)
July 26th, 2018 - 09:49 GMT

Saudi Arabia Launches Digital Financial Platform to Support SMEs

The country’s budget deficit had fallen below 10 per cent for the first time since 2011. (Shutterstock)
July 26th, 2018 - 09:39 GMT

Egypt's GDP Reaches Its Highest in 10 Years

Facebook stock nosedived 20 per cent. (Shutterstock)
July 26th, 2018 - 08:47 GMT

Facebook Stock Falls 20 Percent, Loses $120 Billion in Market Value

Qatar has signed more 50 bilateral agreements for safeguarding Qatari investments in other countries around the world. (Shutterstock)
July 26th, 2018 - 08:34 GMT

Qatar Signs Over 50 Deals for Investments' Protection Abroad

The Minister indicated that Saudi Arabia is temporarily halting all oil shipments through Bab-El-Mandeb Strait until the situation becomes clearer. (Shutterstock)
July 26th, 2018 - 08:12 GMT

Saudi Arabia Halts Oil Shipments Through Red Sea After Houthi Attacks

The funding is the first action adopted following the agreement by EU member states to finance an additional €3 billion ($3.5 billion) for the Facility for Refugees in Turkey. (Shutterstock)
July 26th, 2018 - 08:00 GMT

EU Supports Syrian Refugees Education in Turkey With $468 Million

The UAE, led by Dubai with a volume of new developments in the Middle East, has over 200 projects underway. (Shutterstock)
July 26th, 2018 - 06:35 GMT

UAE Hospitality Industry to Reach $7.6 Billion by 2022

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