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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 March 2018, the UK and Saudi Arabia agreed a goal of £65 billion ($90 billion) of mutual trade and investment in the coming years during a meeting between the UK’s Prime Minister Theresa May and Crown Prince Mohammed bin Salman. (AFP)
July 12th, 2018 - 11:26 GMT

Brexit a Boon for UK-Saudi Arabia Trade Ties

In order to facilitate such reconstruction, China needs access to a port on the eastern Mediterranean from which to ship materials. (Shutterstock)
July 12th, 2018 - 11:18 GMT

China Eyes Investments in North Lebanon

It was the first flight in a warplane piloted by a Bahraini woman. (Khaleej Times)
July 12th, 2018 - 10:55 GMT

First Female Bahraini Royal Makes History by Flying Warplane

In Abu Dhabi, apartment and villa rents decreased by two per cent and four per cent in Q2 2018. (Shutterstock)
July 12th, 2018 - 10:46 GMT

It Is the Right Time to Rent in These UAE Cities

Russia's ability to host the world's most-watched tournament was, however, not in doubt. (Shutterstock)
July 12th, 2018 - 10:34 GMT

What Did Russia Gain From the World Cup?

The UAE's new visa policy will contribute to further increasing the a amount of visitor spending in the coming years. (Shutterstock)
July 12th, 2018 - 09:06 GMT

New Transit Visa Rules to Boost UAE Hospitality Sector

Total spending was 16.88 billion dinars, more than total revenue of LDY 16.7 billion. (Shutterstock)
July 12th, 2018 - 08:41 GMT

Libya Earns More Than $11 Billion in Oil Revenue in H1 2018

According to NCSI, the overall population of the sultanate has come down by 86,308 in a little over two months (May 1 to July 10), while the expat population in the same period fell by 97,704. (Shutterstock)
July 12th, 2018 - 07:46 GMT

Over 97,000 Expats Bid Farewell to Their Lives in Oman in the Last Two Months

After the assessment, the corps of four astronauts will be chosen based on the comprehensive evaluation for each candidate. (Dubai Media Office)
July 11th, 2018 - 01:47 GMT

Nine UAE Astronauts Reach Final Evaluation Phase

Arif Naqvi. (AFP)
July 11th, 2018 - 12:59 GMT

Abraaj Case Hearing Postponed to July 15

Saudi Foreign Minister Adel Al-Jubeir and Chinese Foreign Minister Wang Yi arrive for a news conference at the China-Arab States Cooperation Forum in Beijing on Tuesday. (AN)
July 11th, 2018 - 12:35 GMT

New Strategic Partnership Between China and Arab States

According to a press statement, the new tax refund system supports the growth of the tourism sector in the UAE and maintain its position as a global destination for tourists. (Shutterstock)
July 11th, 2018 - 11:36 GMT

UAE Announces New Rule on VAT for Tourists

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