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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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Many property owners were forced to reduce their rents to attract clients and ensure liquidity. Market analysts expect further falls in prices in the coming months. (Shutterstock)
July 11th, 2018 - 09:45 GMT

Real Estate Market Suffers in Saudi Arabia Due to the Exodus of Expats

During the event, women were urged to invest in the great transformations society is witnessing, through active participation and taking advantage of the series of historic decisions issued by the government. (AN)
July 11th, 2018 - 09:23 GMT

Women Driving in Saudi Arabia Helps Create 50,000 Job Opportunities

The accommodation near Alba emerged as an illegal labor camp. (GDN)
July 11th, 2018 - 09:07 GMT

Video: Labors Live in Grimy Accommodation in Bahrain

QA said it plans to increase the number of destinations it serves to 220 by 2022 from the current 164. (Shutterstock)
July 11th, 2018 - 08:55 GMT

Qatar Airways to Fly to 220 Destinations by 2022

 (KPC) signs a cooperation agreement with China's ShanDong Refining and Chemical Group to market Kuwaiti crude oil.(KUNA)
July 11th, 2018 - 08:39 GMT

Kuwait Signs With China Crude Oil Joint Marketing Deal

Saudi Arabia's Deputy Crown Prince Mohammed bin Salman. (AFP)
July 11th, 2018 - 08:28 GMT

Saudi Arabia Faces Hiring Crisis Due to 800,000 Expats Exodus

The Indian and Pakistani currencies have been consistently hitting new lows over the last few months with the former reaching 18.8 against the UAE dirham last month while the Pakistani rupee has plunged below 33. (Shutterstock)
July 10th, 2018 - 10:40 GMT

UAE Expats Elated as Dirham Gets Stronger Against Asian Currencies

Jordan submitted a request to the EU requesting the inclusion of more facilities under the relaxed rules of origin deal, which was signed with the EU in 2016. (Shutterstock)
July 10th, 2018 - 10:30 GMT

EU Declines Jordan's Request for Extra Facilities

Chinese Ambassador in Amman Pan Weifang speaks during a press conference in Amman on Monday. (JT)
July 10th, 2018 - 10:22 GMT

China to Increase Investments in Jordan

The short-term plan entails annual plan that deals with the current situation and works on accommodating Kuwaitis who are looking for jobs based on their qualifications. (File/Photo)
July 10th, 2018 - 10:15 GMT

No Opportunities for Expats With Non-Specialized Skills in Kuwait

Prime Minister Omar Razzaz addresses the Lower House with his government’s policy statement on Monday. (JT)
July 10th, 2018 - 09:33 GMT

Razzaz Presents Policy Statement to Lower House Seeking Confidence

Cultural and musical festivals in various Lebanese regions kicked off last month and would intensify in July - a key factor that attracts European and American tourists. (Shutterstock)
July 10th, 2018 - 09:27 GMT

Lebanon Hosts More European Tourists Than Gulf Visitors in 2018

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