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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 sweeping changes to UAE visa rules will help expats get appropriate employment. (AFP)
June 21st, 2018 - 07:58 GMT

Blue-Collared Workers to Benefit Most From UAE Visa Reforms

Visa reforms will protect the most-vulnerable sections of society. (Shutterstock)
June 21st, 2018 - 07:51 GMT

Social Workers Elated at UAE Visa Reforms

Bitcoin was trading at $6,780.7 by 12:05AM ET (04:05 GMT) on the Bitfinex exchange, up 2.4% over the previous 24 hours. (Shutterstock)
June 21st, 2018 - 07:43 GMT

Bitcoin Recovers Above $6,700 Following Bithumb Attack

Growth in investment was supported by a number of major economic reforms in recent years. (Shutterstock)
June 21st, 2018 - 07:38 GMT

Bahrain FDI Grows 114 Percent as Reforms Boost Investment

The research finds that together these efficiencies can generate up to a 1% reduction in the $764 billion spent by airlines each year in operating costs worldwide. (Pexels)
June 21st, 2018 - 07:12 GMT

Connected Aircraft to Save Aviation Industry $15 Billion Annually

There are different views on how much to increase production and whether such a move should be gradual. (Shutterstock)
June 21st, 2018 - 06:50 GMT

Saudi Arabia Struggles for Gulf Oil Producers' Support Ahead of OPEC Meeting

This year’s outlook is the first to highlight the huge impact that falling battery costs will have on the electricity mix over the coming decades. (Shutterstock)
June 21st, 2018 - 06:18 GMT

Batteries Boom Enables World to Get Half of Electricity From Wind and Solar by 2050

Syrian refugee Sahira Zoubi works on a new handbag, made from recycled newspapers, at an up-cycling workshop in Irbid city, northern Jordan, May 9, 2018. (JT)
June 20th, 2018 - 08:58 GMT

Syrian Refugees Recycling Rubbish Into Revenue in Jordan

Four Egyptian companies among its list of 100 most powerful public companies in the Middle East and North African regions.
June 20th, 2018 - 08:29 GMT

4 Egyptian Companies Among the Top 100 Powerful in the MENA

The government will cut public spending by JD150 million this year and will implement a series of projects to improve services, said Prime Minister Omar Razzaz. (AFP)
June 20th, 2018 - 08:20 GMT

Jordanian Government to Cut Public Spending by JD150 Million

Emirates ranking jumped one place to 17th globally. (Shutterstock)
June 20th, 2018 - 07:21 GMT

UAE Most Digitally Advanced in the Region

Luxury hotel units at Al Mahra Resort by Cristal can now be purchased in Bitcoins or similar digital currency. (Shutterstock)
June 20th, 2018 - 06:44 GMT

Luxury Hotel Units in UAE Available for Purchase in Bitcoin

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