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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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Foreign direct investmentsI to the UAE rose by 8 per cent from $9.6 billion in 2016 to $10.4 billion (Dh38.17 billion) last year. (Shutterstock)
June 10th, 2018 - 08:03 GMT

Foreign Direct Investments Rose by 8 Percent, Lift UAE to No.1 in Arab World

Jordanian protesters wave national flags and shout slogans during an anti-austerity rally, on June 6, 2018, in front of the Labor Union offices in Amman. (AFP)
June 10th, 2018 - 07:21 GMT

Saudi Arabia to Host Gulf Conference on Supporting Jordan

Civil Service Commission (CSC) has informed Parliament’s Replacement Committee about an increase in the number of expatriate employees in the public sector to be terminated. (Shutterstock)
June 7th, 2018 - 09:13 GMT

Increase in Expats Terminations Early Next Month in Kuwait

Bitcoin was trading at $7,711.2 by 1:10AM ET (05:10GMT) on the Bitfinex exchange, up 1.4% over the previous 24 hours. (Shutterstock)
June 7th, 2018 - 09:03 GMT

Bitcoin Prices Rise; Fidelity Hiring For Crypto Projects

It includes freezing private school fees, and reducing and cancelling certain government fees. (KhT)
June 7th, 2018 - 08:51 GMT

Dubai Economic Stimulus Gains Momentum

The project is a step to ease the congestion of train vehicles, especially heading to Upper Egypt. (IndiaToday)
June 7th, 2018 - 08:43 GMT

Egypt to Introduce Double Decker Trains by the End of This Year

Oman's government is planning to permit the recruitment of non-Omani workers under temporary employment licenses in specific specialised jobs for a set period of time. (Shutterstock)
June 7th, 2018 - 08:38 GMT

Oman Working on New Temporary Work Permits for Expats

Dubai's hospitality industry will continue to expand beyond 2020. (Shutterstock)
June 7th, 2018 - 08:04 GMT

Dubai Tourism Has Room to Grow Beyond 2020

Abu Dhabi Investment Authority (ADIA) is the biggest real estate investor in the world with about $62 billion worth of assets under management. (Shutterstock)
June 7th, 2018 - 07:39 GMT

Abu Dhabi Takes Top Place in Global Real Estate Investment League Table

The first meeting of the Saudi-Emirati Coordination Council in Jeddah. (SPA)
June 7th, 2018 - 07:32 GMT

Saudi Arabia, UAE Boost Cooperation as Multiple Joint Projects Announced

Musleh Mousa Hassan, a 73-year-old Lebanese national just won $1 million in a raffle for the second time. (Khaleej Times)
June 6th, 2018 - 11:32 GMT

Expat Wins $1 Million Twice in Dubai Duty Free Raffle

Abu Dhabi’s stimulus plan follows the announcement last month of a package of measures by Dubai’s ruler and the prime minister of the United Arab Emirates, Sheikh Mohammed Bin Rashid. (File Photo)
June 6th, 2018 - 11:24 GMT

Abu Dhabi Announces Three-Year Dh50 Billion Stimulus Programme

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