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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 kingdom's total crude supply to the market in June were even higher than well-head production. (Shutterstock)
July 22nd, 2018 - 08:36 GMT

Saudi Arabia to Drop Crude Oil Exports by Approximately 100,000 bpd

The King Fahd Specialist Hospital in Tabuk region is the first in the kingdom to employ a robo as a pharmacist. (SPA)
July 22nd, 2018 - 08:02 GMT

First Smart Pharmacy Run by a Robot Opens in Saudi Arabia

The remittances of expatriate workers in Kuwait had declined during 2017 by 9.2 percent to KD 4.14 billion compared to KD 4.56 billion in 2016. (Shutterstock)
July 22nd, 2018 - 07:58 GMT

Remittances Increase by 3.5 Percent in Kuwait in Q1'18

Egyptian officials have been pushing to cut costs amid a broader effort to revive the economy. (Shutterstock)
July 22nd, 2018 - 07:54 GMT

Parliament in Egypt Goes Green to Cut Costs

In May, the Cabinet had adopted a 10-year visa scheme for talented individuals. (Shutterstock)
July 22nd, 2018 - 07:50 GMT

UAE to Start Implementing Visa Reforms

Since the establishment of a strategic partnership between the two countries in 2012, bilateral relations have been witnessing a comprehensive and rapid growth. (Shutterstock)
July 21st, 2018 - 08:14 GMT

10 Fields Covered in the UAE, China Joint Statement

The construction of the new roads aim to improve the capacity of the traffic flow on Sheikh Zayed Road. (Shutterstock)
July 20th, 2018 - 04:00 GMT

Dubai to Improve Its Traffic Flow with New Road Infrastructure Projects


The total residential stock in Riyadh remained unchanged at around 1.26 million units, with 15,000 units expected to complete by the year-end. (Shutterstock)
July 19th, 2018 - 09:56 GMT

Boosting Affordable Housing Supply Stimulates Riyadh’s Real Estate Sector

The country, with its huge infrastructure projects, has already been attracting the attention of the business community, especially in the sport related fields. (Shutterstock)
July 19th, 2018 - 09:50 GMT

This Is Why Qatar Has Potentials of Becoming a Global Business Hub

Market indicators suggest there was broad-based market slowdown in 2017. (Shutterstock)
July 19th, 2018 - 09:39 GMT

Report: Consumer Sector in Egypt to Fully Recuperate by Early 2019

Omani economy is heading towards a sustainable recovery. (Shutterstock)
July 19th, 2018 - 09:26 GMT

Analysis: Economy in Oman Is Recovering

Cannabis to Be Legalized in Lebanon for Medical Use. (Shutterstock)
July 19th, 2018 - 09:06 GMT

Cannabis to Be Legalized in Lebanon for Medical Use

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