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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 small size of the Bahraini economy would make it relatively easy for its wealthier neighbouring states to bail it out. (Shutterstock)
June 27th, 2018 - 07:09 GMT

Gulf States to Announce Support for Bahrain's Economy

Buyers can secure discounts and deals across all property segments as developers are still struggling with excess inventory. (Pixabay)
June 26th, 2018 - 01:30 GMT

Planning to Buy Property in India? Now Is the Right Time

Khaled Al Sharif was among 12 outstanding students selected by Crown Prince Foundation to intern at US space agency in 2016. (Jordan Times)
June 26th, 2018 - 10:53 GMT

Young Jordanian Engineer Lands Job at NASA

“The UAE is an extraordinarily innovative place and a crucial area of growth for blockchain technology,” said Valery Vavilov, CEO of Bitfury. (Pixabay)
June 26th, 2018 - 10:45 GMT

Blockchain Tech Firm Bitfury Opens UAE Office

Naushid Mithani, MD, Market Head, GSAC EMEA & PvB Head, UAE at Standard Chartered. (CPI Financial)
June 26th, 2018 - 10:33 GMT

Interview: The Holistic Approach to Private Banking

"The age of digital banking has to be fundamentally different and must operate with an enhanced business model that offers new capabilities, customer proposition, products and services." (CPI Financial)
June 26th, 2018 - 10:26 GMT

Digital Banking: A Scrupulous Journey

Numbers for KSA in Q1 of 2018 show marked improvements against previous tallies, with a sum of 2.7 million malware detections and 9.5 million ransomware threats, or 0.55% of the 1.7 billion ransomware attacks globally. (Pixabay)
June 26th, 2018 - 10:07 GMT

Saudi Cybersecurity Landscape Improving

Kirill Dmitriev, Chief Executive Officer of the Russian Direct Investment Fund, speaks during a session of the St. Petersburg International Economic Forum (SPIEF) in Russia on Monday. (Saudi Gazette)
June 26th, 2018 - 09:46 GMT

Saudi-Russian Oil Cooperation to Stabilize Market

The Jeddah municipality conducted over 5,600 inspection tours around food establishments and issued warning to 1,874 establishments for violating health requirements. (Pixabay)
June 26th, 2018 - 09:16 GMT

879 Eateries Shut During Municipality Inspections in Jeddah

Spot gold was up 0.1 percent at $1,266.26 an ounce, as of 0048 GMT. (Khaleej Times)
June 26th, 2018 - 08:55 GMT

Gold Inches up as Dollar Eases, 24k Priced at Dh153 in Dubai

The world’s biggest exporter is pumping 10 million barrels a day and has the capacity to produce two million more. (CPI Financial)
June 26th, 2018 - 08:45 GMT

Aramco CEO Pledges to Meet Oil Demand After OPEC Strikes a Deal

Most economists agree that Erdogan’s policies caused the rout. (CPI Financial)
June 26th, 2018 - 08:35 GMT

Erdogan's Hot Election Economy Risks a Meltdown After His Win

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