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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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Qatar also announced a $500 million investment package targeting Jordan's infrastructure and tourism projects. (QT)
June 14th, 2018 - 07:08 GMT

Qatar Pledges 10,000 Jobs, $500 Million Aid for Jordan

Egyptians are expected to pay up to 20.9% rise in a household, and factories are expected to pay up to 41.8% rise. (Shutterstock)
June 14th, 2018 - 07:02 GMT

Egypt’s Electricity Prices to Hike by 26 Percent This July

Iranian officials have said nuclear activities could be resumed. (Shutterstock)
June 14th, 2018 - 06:55 GMT

Iran Says It Cannot Remain in Nuclear Deal Without Benefits

Residential properties in Riyadh. The Saudi government aims to boost home ownership among citizens from 50 percent to 60 percent. (Shutterstock)
June 14th, 2018 - 06:45 GMT

Fixed-Rate Mortgages to Boost Saudi Arabia’s Home Ownership

The UAE's new measures should offer relief for businesses across all sectors. (Shutterstock)
June 14th, 2018 - 06:36 GMT

UAE's Reform Measures to Offer Relief for Businesses Across All Sectors

The Kingdom’s production was up 100,000 barrels per day (bpd) to 10.02 million barrels. (Shutterstock)
June 14th, 2018 - 06:30 GMT

Saudi Arabia Raises Oil Output Amid Fears of Supply Crunch

Insurance system to replace bank guarantee for employment, 48 hours free visa for transit travellers. (Shutterstock)
June 14th, 2018 - 06:18 GMT

Sheikh Mohammed Announces New Job, Visa Rules in UAE

Eighteen of 31 analysts and traders in a global poll predicted that the 24 countries in the joint accord will agree to raise output when they meet in Vienna. (Pexels)
June 13th, 2018 - 10:03 GMT

OPEC Likely to Agree Production Increase Next Week: Survey

The report by the Washington-based Center for Advanced Defense Studies, relying on leaked property data from the city-state, offers evidence to support the long-whispered rumours about Dubai's real-estate boom. (Shutterstock)
June 13th, 2018 - 10:00 GMT

Dubai Real Estate a Money-Laundering Haven for 'War Profiteers, Terror Financiers'

Bitcoin has now slid more than 50% for the year, down from a record high of $19,511 it hit in December. (Shutterstock)
June 13th, 2018 - 09:57 GMT

Bitcoin Collapses to Lowest Level Since February

To keep the residents updated, The Ministry Of Human Resources and Emiratisation, keeps sharing updates about the fines in the UAE. (Shutterstock)
June 13th, 2018 - 09:28 GMT

You May Have to Pay Your Salary as Fine for Doing This in UAE

The longer-term residency option and 100 per cent foreign ownership could allow segments of the population to build deeper roots in the country through real estate purchase. (Shutterstock)
June 13th, 2018 - 08:24 GMT

Visa Reforms May Stimulate Real Estate Purchases in UAE

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