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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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Under the new initiative called 'Protect yourself by modifying your status'. (shutterstock)
June 20th, 2018 - 06:39 GMT

UAE to Offer Grace Period for Illegal Residents

According to the Ministry of Manpower, there are several types of work visas available in Oman. (Shutterstock)
June 20th, 2018 - 06:30 GMT

More Firms Go for Short Term Omani Work Visas for Expats

The fee caps apply to banking consumer related charges for example, home loans and late fees for credit cards. (Shutterstock)
June 20th, 2018 - 06:24 GMT

UAE Central Bank Announces New Fee Caps on Retail Customer Service

Saudi Arabia lifted a 35-year ban on cinemas late last year. (Shutterstock)
June 19th, 2018 - 10:18 GMT

Saudi Arabia Dismisses Entertainment Chief

It’s a 2.1-million square foot e-commerce free zone, made to provide technology-enabled warehouses for manufacturers to store their goods before being shipped off to global markets. (Shutterstock)
June 19th, 2018 - 09:31 GMT

Why the UAE Is Poised to Be the Next E-Commerce Capital

Bitcoin and similar cryptocurrencies have "a range of shortcomings" that prevent them from becoming usable government-backed currencies. (Shutterstock)
June 19th, 2018 - 09:23 GMT

Banking Experts: Cryptocurrencies Can't Work as Real Money

Erdogan replies to questions of Turkish youths in social media broadcast. (AFP)
June 19th, 2018 - 08:24 GMT

Turkey to Build Third Nuclear Power Plant: Erdogan

With its vast reserves, low extraction costs and high spare capacity, Saudi Arabia will continue to remain the dominant power broker in the OPEC and international energy markets. (Shutterstock)
June 19th, 2018 - 08:06 GMT

A Look at Saudi Arabia and the New Economics of Oil

Audi CEO Rupert Stadler was arrested Monday in Munich, Germany, in connection with Volkswagen's diesel emissions cheating scandal. (AFP)
June 19th, 2018 - 08:01 GMT

Head of Volkswagen's Audi Arrested in Germany Over Diesel Scandal

The number of female doctors rose from 2,053 in 2012 to 2,403 in 2016. (Shutterstock)
June 19th, 2018 - 07:55 GMT

Growing Number of Women Doctors in Oman, Says Study


OPEC is about to hold what’s likely to be its most difficult meeting in years. (Shutterstock)
June 19th, 2018 - 07:14 GMT

Saudi Oil Chief Faces Toughest OPEC Test After Reviving Market

They will also be exempted from fines. (Shutterstock)
June 19th, 2018 - 07:04 GMT

One-Year UAE Residency Visa for People in War, Disaster Zones

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