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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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Apart from economists, investors and businessmen, international ratings agencies have expressed deep concern over the delay, reminding the authorities that the growing public debt has reached alarming levels. (Shutterstock)
July 18th, 2018 - 10:45 GMT

Delays in Cabinet Formation Will Hurt Lebanese Economy

Gammoh described the figures the sector achieved during the first six months of 2018 as “unprecedented”. (Pixabay)
July 18th, 2018 - 10:29 GMT

Tourism Sector in Jordan Achieves Unprecedented Figures

Syrian labourers are seen at Zaatari camp earlier this year. The majority of these workers are reluctant to join the formal labour market, officials have said. (JT)
July 18th, 2018 - 10:20 GMT

More Than 100,000 Work Permits for Syrians Issued in Jordan

The Israeli military said that it will only allow foods and essential medicines to cross. (AFP)
July 18th, 2018 - 10:11 GMT

Israel Halts Fuel, Gas Transferring into Gaza Despite Ceasefire

Students receive three years of academic and practical training. (Shutterstock)
July 18th, 2018 - 09:58 GMT

After Taking the Wheel on Earth, Saudi Women to Fly the Skies

The jobs will span various fields, including but not limited to education, health, agriculture, the financial sector and construction. (Shutterstock)
July 18th, 2018 - 09:39 GMT

1,000 Jobs for Jordanians Across 5 Sectors in Qatar

IMF maintained Saudi Arabia’s growth projections for 2019 at 1.9 per cent on predictions that oil prices would moderate. (File/Photo)
July 17th, 2018 - 12:27 GMT

IMF Changes Its Growth Forecast for Saudi Arabia

From left, Kamal Hayek, Cesar Abi Khalil and Hikmat Dib attend a press conference in Beirut, Monday, July 17, 2018. (The Daily Star)
July 17th, 2018 - 11:10 GMT

Wind Farms to Solve Lebanon's Eternal Electricity Issue

Statistics on Abu Dhabi’s non-oil trade also show that China is among the top five countries with key trade relations with the emirate. (Shutterstock)
July 17th, 2018 - 10:48 GMT

Abu Dhabi-China Non-Oil Trade Exceeds $3 Billion

200 protesters gathered at the main entrance of Siba natural gas field on Monday, police and energy sources said, following a week of unrest over poor services. (AFP)
July 17th, 2018 - 10:41 GMT

Protests Against Iraqi Government Continue over Unemployment, Poor Services

There will be 38,000 vacancies for Saudis and 67,000 vacancies for foreigners in the food, commercial and housing sectors, Al-Madina newspaper reported quoting GaStat figures. (Shutterstock)
July 17th, 2018 - 10:29 GMT

Saudi Authority Announces 350,000 New Job Opportunities for Saudis and Expats

The present job market situation does not cope well with the Saudization strategy, the Vision 2030 and the hopes and aspirations of the Saudi people. (Shutterstock)
July 17th, 2018 - 10:22 GMT

Did the Saudization Strategy Fail to Solve the Unemployment Dilemma?

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