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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 non-oil private sector economy rose to 57.1 in June, up from 56.5 in May. (Pixabay)
July 4th, 2018 - 07:38 GMT

UAE Non-Oil Private Sector Economy Rises in June

Hundreds of cryptocurrencies have died so far in 2018 -- having been abandoned, unsupported or built upon scams. (Shutterstock)
July 3rd, 2018 - 12:13 GMT

More Than 1,000 Cryptocurrencies Failed in 2018

According to the Article 118 of the Oman Labour Law, violators can be penalised with fines ranging from OMR100 to OMR500, or a jail term of not more than one month, or both. (Times of Oman)
July 3rd, 2018 - 12:04 GMT

More Than 200 Companies Violated Midday Break Rule in Oman

Brent crude oil fell to $77.82 a barrel on Monday, a drop of $1.41. (Shutterstock)
July 3rd, 2018 - 11:55 GMT

Oil Prices Decline as Supplies Increase From Saudi Arabia and Russia

The NOC said that a state of emergency had been imposed at both ports. (Shutterstock)
July 3rd, 2018 - 11:03 GMT

Political Turmoil Results in Libya Oil Exports' Suspension

The Saudi Electricity Company (SEC) has maintained that the bills have gone up by about 67 percent over their value the same period last year. (Shutterstock)
July 3rd, 2018 - 10:51 GMT

Shoura to Discuss Rising Electricity Bills in Saudi Arabia

Jordan needs around JD5 billion annually in financing to cover debt and Eurobonds. (Shutterstock)
July 3rd, 2018 - 10:21 GMT

Jordanian Government to Meet IMF to Discuss Supervised Reform Plan Worth $700 Million

The European Investment Bank announced a package of support for Jordan at its conference that opened in Amman on Monday (Jordan Times)
July 3rd, 2018 - 10:04 GMT

15 Projects Worth €850 Million to Be Invested in Jordan by European Investment Bank

Deloitte, the provisional liquidators of Dubai-based Abraaj, and investors in its healthcare funds are weighing bids from six companies. (AFP)
July 3rd, 2018 - 09:52 GMT

At Least Three Firms Interested in Acquiring Abraaj's $1 Billion Healthcare Fund

Dubai's infrastructure and innovation ecosystem provide an enabling environment for disruptive businesses to create more inclusive solutions. (File/Photo)
July 3rd, 2018 - 08:57 GMT

Dubai Dedicated to Delivering Financial Services Across Region

The number of expatriate workers terminated in state departments in the first half of 2018 reached 1,629. (Shutterstock)
July 3rd, 2018 - 08:29 GMT

More Than 1,500 Expats Working in Kuwait Public Sector Terminated

Ministry of Education is in need of expatriate teachers of both genders for certain specializations especially Mathematics, Science and the languages. (Shutterstock)
July 3rd, 2018 - 08:21 GMT

2,000 Jobs for New Expat Teachers in Kuwait

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