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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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Reflecting the UAE's zero-tolerance for illicit trade, government bodies in the UAE seize fake goods worth billions of dirhams every year in their campaigns against illicit trade.(Khaleej Times)
June 13th, 2018 - 07:12 GMT

The Economist: UAE Ranks 34th in Combating Illicit Trade

Trump was cited by North Korea's official KCNA news agency as saying he made the promise after pledging to end joint military exercises with South Korea. (Shutterstock)
June 13th, 2018 - 07:03 GMT

North Korea State Media Says Trump Agreed to Lift Sanctions

OPEC’s second-biggest producer said supply curbs by the cartel haven’t yet achieved their purpose. (Shutterstock)
June 12th, 2018 - 06:21 GMT

OPEC Resistance to Saudi Supply Plan Grows With Iraqi Defiance

Bitcoin rebounded on Tuesday despite reports that Apple banned mining on all of its devices. (Shutterstock)
June 12th, 2018 - 06:15 GMT

Apple Bans Cryptocurrency Mining on All Devices

The inflation rate has dropped to 11.4 percent in May which is a 2 percent decrease since April. (Shutterstock)
June 12th, 2018 - 06:08 GMT

Egypt’s Inflation Rate Drops Down to 11 Percent in May

The new law must not have negative impacts on human rights. (Shutterstock)
June 12th, 2018 - 06:04 GMT

Experts to Form Coalition to Provide Recommendations on New Income Tax Law in Jordan

Citizens who earn up to OMR 950 a month will be able to benefit from the fuel subsidy system starting August 1, 2018.
June 12th, 2018 - 05:58 GMT

Fuel Subsidy Net Widened for Omanis

Industry experts believe the impact of VAT on the construction sector has been very minimal. (Shutterstock)
June 12th, 2018 - 05:53 GMT

No VAT Impact on Construction Sector in UAE

This demand was made by Ambassador Nabil al-Ashri, acting chargé d'affaires at the Saudi embassy in Austria. (SG)
June 12th, 2018 - 05:46 GMT

Tighten Control on Iranian Nuclear Sites: Saudi Arabia

Over 66 per cent of respondents believe salaries are either increasing or staying the same. (Shutterstock)
June 12th, 2018 - 05:37 GMT

More Than Half of UAE Employees Expect Salary Hike in 2018

Ransomware was actually reported as the number one vector of security risk in the financial sector in the 2016. (Shutterstock)
June 11th, 2018 - 09:43 GMT

How Financial Organisations Can Counter Ransomware

The trade dimension of the two countries' ties was touched on within a framework of following up the trade exchange volume between the two countries in a way that serves both states' interests. (Shutterstock)
June 11th, 2018 - 09:33 GMT

Egypt, Lebanon Discuss Economic Ties

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