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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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Occupancy in Dubai dropped by 3.4% points from April of last year, but still remained one of the highest in the region. (Pixabay)
June 30th, 2018 - 11:30 GMT

Decent Occupancy Rates in UAE Hotels Despite the Market Challenges

Super 98 will cost Dh2.56 per litre, while Special 95 will cost Dh2.45 a litre. (Pixabay)
June 30th, 2018 - 11:00 GMT

Starting From Tomorrow, Lower Petrol and Diesel Prices in UAE

The Islamic sacrament is set to take place in August. (Pixabay)
June 29th, 2018 - 01:00 GMT

More Than 50% off on Haj Travels for Pilgrims From UAE

Plus 12 items that you cannot check-in and bring to the cabin. (Pixabay)
June 29th, 2018 - 09:00 GMT

Traveling This Summer From UAE? Make Sure Your Luggage Doesn't Include These 15 Items

Rising crude oil prices have deepened concerns about the country's current account deficit. (Pixabay)
June 28th, 2018 - 02:49 GMT

Rupee Recovers to 68.95 vs Dollar

The financing seeks to support Jordan to promote inclusive economic growth, create more jobs, and expand the National Aid Fund cash transfer programme to cover an additional 85,000 household. (Shutterstock)
June 28th, 2018 - 11:53 GMT

Jordan Gets $500 Million From the World Bank to Support Economic Reforms

Bahrain’s dinar recovered from 17-year lows and its bond prices rebounded after GCC allies promised to avert debt crisis. (Shutterstock)
June 28th, 2018 - 11:48 GMT

Bahrain Bond Prices Recover After Gulf Allies Support Pledge

Arif Naqvi, the embattled founder of Dubai-based Abraaj Group, will not return to the UAE while there is the threat of imprisonment hanging over him. (AFP)
June 28th, 2018 - 11:43 GMT

Abraaj’s Naqvi Will Not Return to UAE Until Arrest Warrant Is Lifted

A Qatar Airways Boeing 777-300 is moved on the Tarmac of Le Bourget airport on June 18, 2017. (AFP)
June 28th, 2018 - 09:14 GMT

UAE, Saudi Arabia, Bahrain and Egypt File Complaint Against Qatar at UN Highest Court

Crypto prices were under pressure in recent weeks, with Bitcoin falling 70% from its December high just short of $20,000. (Pixabay)
June 28th, 2018 - 08:06 GMT

Bitcoin Edges Higher; Hong Kong’s SFC to Keep an Eye on Crypto

The project is part of 10X initiatives of Dubai Aviation Engineering Projects (DAEP). (Shutterstock)
June 28th, 2018 - 07:54 GMT

World's First Multi-Mode Super Port in Dubai

There is a growing awareness about GDPR across the UAE. (Shutterstock)
June 28th, 2018 - 07:47 GMT

UAE Businesses Must Secure Data or Risk €20 Million Fine

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