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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 official said that the campaigns resulted in arresting 6,228 illegal guest workers. (Pixabay)
June 25th, 2018 - 08:11 GMT

6,228 Illegal Workers Arrested in Jordan Since January

Earlier this month, Saudi Arabia, Kuwait and the UAE pledged $2.5 billion to help revive Jordan’s economy at the summit in Mecca gathered by Saudi King Salman Bin Abdulaziz. (Twitter)
June 25th, 2018 - 07:54 GMT

Saudi and Jordanian Business Leaders Discuss Opportunities After Mecca Summit

OPEC, Russia agree to raise output from July. (AFP)
June 24th, 2018 - 12:39 GMT

Saudi Arabia Pledges ‘Measurable’ Oil Supply Boost

As the 2020 Expo approaches, the Dubai economy is showing signs of rebounding. (Pixabay)
June 24th, 2018 - 12:24 GMT

Will Dubai's Economy Recover Anytime Soon?

Khalid Al-Hussan. (Illustration: Luis Grañena) (Arab News)
June 24th, 2018 - 12:15 GMT

After MSCI Upgrade, Tadawul Chief Turns to the Next Challenge for Saudi Arabia

Stores in Dubai's Karama district sell counterfeit shirts for a fraction of their official retail price. (Arab News)
June 24th, 2018 - 12:03 GMT

World Cup Keeps Dubai’s ‘Dolce & Karama’ Traders Busy

The UAE was rated 27th in 2017's ranking with 72.4 points, a drop of nine positions. (Pixabay)
June 24th, 2018 - 11:47 GMT

UAE Ranked Most Reputable Country in Middle East

5G networks are expected to launch across the world by 2020. (TechRadar)
June 24th, 2018 - 10:36 GMT

Everything You Need to Know About 5G Networks

The spotlight will remain on Aramco's IPO in 2018, which will be the largest global IPO ever. (File/Photo)
June 24th, 2018 - 09:03 GMT

UAE and Saudi Arabia Set to Stimulate IPO Boom

Bitcoin had recovered slightly to trade at $6,115 on Saturday afternoon following its plunge to $6,045.31 earlier, testing the low for the year of $5,922 that was set on February 6, 2018. (Shutterstock)
June 24th, 2018 - 08:41 GMT

Is Bitcoin Losing Its Worth?

India was the top recipient of remittances from the UAE in the last quarter of 2017. (Pixabay)
June 24th, 2018 - 08:32 GMT

This Is How the Declining Rupee Is Affecting You

The flash sale coincides with the third day of Dubai Summer Surprises (DSS). (Khaleej Times)
June 24th, 2018 - 08:08 GMT

Up to 80% Discount During 1-Day Flash Sale at This Mall in Dubai

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