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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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Cryptocurrencies are too unstable to ever serve as bona fide mediums of exchange in the global economy. (Shutterstock)
June 18th, 2018 - 09:46 GMT

Bitcoin Could Break the Internet, Central Bank Overseer Says

Uber on Sunday rolled out a new registration portal for Saudi women. (Shutterstock)
June 18th, 2018 - 08:53 GMT

Uber Launches ‘Masaruky’ Registration Job Portal for Saudi Women

The Abu Dhabi Department of Culture and Tourism made this decision and will enforce the new rates from June 15. (Shutterstock)
June 18th, 2018 - 08:36 GMT

UAE Is Leading the Region in Alcohol Consumption

Individuals who have purchased a property for a minimum value of Dh1 million are entitled to apply for residence visa in the UAE. (Pixabay)
June 18th, 2018 - 08:05 GMT

UAE Residents Can Get Visa Against Property They Own

Output from Shah Deniz II is expected to reach an annual 16 billion cubic metres (bcm) of natural gas by 2020, with 10 bcm earmarked for Europe and 6 bcm for Turkey. (AFP)
June 18th, 2018 - 07:54 GMT

Turkey Opens Natural Gas Pipeline From Azerbaijan

The biggest demographic change was seen in the number of expatriates living in Oman, which fell by over 43,000 to 2,035,952 from the 2,079,338 recorded on June 16, 2017. (Shutterstock)
June 18th, 2018 - 07:36 GMT

Year-On-Year Expat Population in Oman Reduces by 43,000

Current bank guarantees worth Dh14 billion will be released back into the local economy. (Shutterstock)
June 18th, 2018 - 07:24 GMT

Reforms Will Ease Cost of Doing Business in UAE

Saudi Arabia has paid $4.2 billion to its citizens as part of the government’s Citizen Account Programme to support nationals against rising prices and newly-imposed taxes. (Shutterstock)
June 17th, 2018 - 09:28 GMT

Saudi Arabia to Aid Unemployed Citizens With a $4.2 Billion Free Pass

Local sectors needs to contend with changes in consumer behaviour, especially in e-commerce. (Shutterstock)
June 17th, 2018 - 09:22 GMT

How UAE's Insurance Industry Is Changing

The price hike is expected to add more pressure on Egyptian consumers. (AFP)
June 17th, 2018 - 09:08 GMT

Egypt Raises Petrol Prices by up to 50 Percent

The doodle, created by 32 artists from different countries, depict exciting fans with drums and other instruments, who are welcoming the quadrennial tournament with great pomp and fervour. (Google)
June 14th, 2018 - 07:59 GMT

Google Honours FIFA World Cup's Cultural Diversity

Turkish minister says train to start operating on June 18 from Iran's Tabriz to eastern Turkey's Van province. (Shutterstock)
June 14th, 2018 - 07:22 GMT

Turkey, Iran to Start Passenger Rail Service Soon

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