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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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No orders issued for expulsion of Qataris in 2017, UAE Ministry affirms. (Shutterstock)
July 5th, 2018 - 08:01 GMT

Qataris With Prior Permission Can Re-Enter UAE

The new addition sees the total designated zones increasing to 23 across the UAE. (Shutterstock)
July 5th, 2018 - 06:00 GMT

FTA Announces New Three UAE Free Zones out of VAT Scope

In May, Careem announced that it is currently in talks with investors to raise $500 million in funding. (Shutterstock)
July 4th, 2018 - 12:15 GMT

Uber Mulls Merger with Rival Careem in Middle East

The Central Bank of Oman reported that in 2017, up to OMR3.7 billion was sent overseas by expatriates living in the country, a slight drop from the OMR3.95 billion the previous year. (Shutterstock)
July 4th, 2018 - 11:52 GMT

More Than OMR3 Billion Worth of Remittances Sent by Expats in Oman Last Year

There has been a maximum average rental decrease of 10 per cent in most areas. (Shutterstock)
July 4th, 2018 - 10:56 GMT

Properties' Prices Keep Falling in Dubai

The partnership with VFS Global is part of Dubai FDI’s efforts to ensure a smooth journey for investors and advance their business. (CPI Financial)
July 4th, 2018 - 10:26 GMT

DED Agreement Facilitates Foreign Investor Licensing in UAE

Egypt kicked off its three-year $12 billion loan programme in late 2016. (Shutterstock)
July 4th, 2018 - 10:19 GMT

IMF Suggests Egypt Maintain Tight Monetary Policy to Avoid Inflation

Iranian President Hassan Rouhani (top- L) and Swiss President Alain Berset (top-R) watch as Iranian Foreign Minister Mohammad Javad Zarif (L) and Swiss Economic Minister Johann Schneider-Ammann sign an agreement in Bern on July 3, 2018. (AFP)
July 4th, 2018 - 09:49 GMT

Iran Threatens to Disrupt Oil Shipments From Neighboring Countries

Thanks to the growth in technology adoption, nationwide digital transformation, Smart Cities, and Expo 2020 Dubai, BMI Research predicts the UAE’s IT market will reach AED 20 billion in 2018. (Shutterstock)
July 4th, 2018 - 09:43 GMT

Smart Cities, Expo 2020 Drive UAE’s 2018 IT Market to Dh20 Billion

Anyone found to be involved with the nine individuals will also suffer the same consequence. (SCA)
July 4th, 2018 - 09:25 GMT

UAE Freezes Bank Accounts of 9 Iranians

Jeddah Governor Prince Mishal Bin Majed addressing the media at the governorate's office on Tuesday. (Saudi Gazette)
July 4th, 2018 - 08:44 GMT

More Than 3,000 Training Opportunities in Retail Sector for Saudis

Oil prices have gained over three per cent since Opec and allies announced on June 22 to raise output to meet production caps set in 2016. (Shutterstock)
July 4th, 2018 - 08:29 GMT

UAE Committed to Boost Oil Output

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