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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 agreements, which were signed by Ejaad Platform, Petroleum Development Oman (PDO), and Sultan Qaboos University, target different research challenges faced in Oman, offering a unique opportunity to support the nation’s sustainable development. (Times of Oman)
July 15th, 2018 - 10:17 GMT

Four Research Agreements Worth More Than OMR300,000 in Oman

President Hassan Rouhani’s economic strategy is to significantly reduce the government’s dependency on oil and instead collect tax more systematically. (Shutterstock)
July 15th, 2018 - 09:56 GMT

Tax Income Increases 14 Percent in One Year in Iran

Majority of the upcoming supply will come up in Dubailand, Business Bay, Jumeirah Village Circle and Downtown Dubai. (Shutterstock)
July 15th, 2018 - 09:51 GMT

Demand to Exceed Supply for Properties in Dubai by 2020

About 30% of students in major international schools have left the Kingdom. (Shutterstock)
July 15th, 2018 - 09:43 GMT

60% of Teachers in Saudi Private Schools Are Still Expats Despite the Expats Exodus

15 percent increase in car sales is expected based on reports issued by banks and marketing departments of automobile dealers in the country. (Shutterstock)
July 15th, 2018 - 09:36 GMT

Car Imports Soar in Saudi Arabia Due to Lifting Ban on Women Driving

Dubai Airports' plans to close Dubai International's southern runway for upgrade works between April 16 and May 30, 2019. (File/Photo)
July 15th, 2018 - 09:27 GMT

Emirates to Cancel Some Flights, Reduce Frequencies in 2019

The Sharjah court dropped the case as the two parties reached an agreement. (AFP)
July 15th, 2018 - 09:14 GMT

Bounced-Cheque Case Dropped Against Abraaj Founder

Ansari spoke about the updated mobility and travel law, establishment of National Committee for Combating Human Trafficking, new initiatives to ensure social security and the settlement of disputes while respecting legal procedures. (Shutterstock)
July 14th, 2018 - 08:44 GMT

Latest Updates on Qatar's Expat Labor Sector

The feature would start rolling out from next week to YouTube creators with more than one lakh subscribers. (Shutterstock)
July 13th, 2018 - 06:00 GMT

YouTube Puts an End to Unauthorized Content Re-Uploads With This New Feature

The estimates are made in the light of a slowdown in the real estate sector and stable consumption. (Shutterstock)
July 13th, 2018 - 05:40 GMT

Lebanese Economy to Grow by Two Percent in 2018

More than 13 tribes on Wednesday announced they were backing the request of the Bani Mansour, the tribe of the protester killed by police. (AN)
July 12th, 2018 - 11:39 GMT

Basra Oil Protests Grow, Iraqi Tribes Demand Jobs in Iraq's Main Oil Hub

The Kingdom is driving development in the sector as part of its plan to diversify the economy away from oil and meet the targets outlined in the Vision 2030 reform plans. (Shutterstock)
July 12th, 2018 - 11:33 GMT

First Fintech Licenses Approved in Saudi Arabia

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