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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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In June, workers of two contracting companies staged separate protests over unpaid salaries. (Shutterstock)
July 23rd, 2018 - 10:10 GMT

Hundreds of Expats Suffer from Unpaid Wages in Bahrain

A total of 201,577 detainees were referred to concerned embassies and consulates to issue them with travel documents while 250,396 others were finalizing their flight bookings for their final departure from the country. (Pixabay)
July 23rd, 2018 - 10:02 GMT

1.5 Million Illegal Expats in Saudi Arabia Arrested Within 8 Months

The Islamic insurance sector continues to face secular challenges around relatively concentrated and undifferentiated business models and high expense ratios. (Shutterstock)
July 23rd, 2018 - 09:54 GMT

Islamic Insurance Industry Remains Profitable Regardless of the Net Profit Plummet

The central bank said that, 85 per cent of those debts are owed to local banks, while the remaining 15 per cent are owed to financial facilities companies. (Shutterstock)
July 23rd, 2018 - 09:18 GMT

Kuwait Banks Burdened with $1.8 Billion Bad Debts for Laid off Expats

HSBC and Credit Suisse were selected based on their expertise and credentials in the investment banking industry. (Shutterstock)
July 23rd, 2018 - 09:04 GMT

HSBC,Credit Suisse Evaluates KFH Potential Merger with AUB

Trade, logistics, financial services, hospitality and tourism, real estate, construction and manufacturing now make up more than 90 percent of business activity in the Emirate. (Shutterstock)
July 23rd, 2018 - 08:59 GMT

Dubai Mulls over Investments in Egypt

This is a result of more stock entering the Sharjah market, making it more competitive. (AFP)
July 23rd, 2018 - 08:52 GMT

Rent Prices Continue to Fall in These UAE Cities

Authorities will work to extradite any people involved in case from abroad. (Shutterstock)
July 23rd, 2018 - 08:46 GMT

Travel Ban on 7 Suspects Involved in Forged Tobacco Case in Jordan

Jordan consumes 25 to 30 per cent of locally manufactured medicines, and exports 70 to 75 per cent of the products to 60 countries. (Shutterstock)
July 22nd, 2018 - 09:58 GMT

Jordan Is the Only Arab Country with Higher Pharmaceuticals Exports Than Imports

Kuwait is gearing up to allow electric cars in its roads soon. (Shutterstock)
July 22nd, 2018 - 09:49 GMT

Electric Cars to Roam Kuwait Roads Soon

Sondos Alqattan was slammed after she attacked reforms to Filipino workers' rights in Kuwait, saying workers should have no right to a day off. (Alaraby)
July 22nd, 2018 - 09:21 GMT

Kuwaiti Blogger Condemned for Her Views on Domestic Workers

Real estate prices will rise after at least 20%, as a result of the increase in fuel and electricity prices. (Shutterstock)
July 22nd, 2018 - 08:43 GMT

Expert Predicts up to 30 Percent Increase in Egypt's Real Estate

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