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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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The governorate with the highest unemployment rate in the first quarter of 2018 was Maan with 21.9 per cent, while Karak registered the lowest rate with 15.9 per cent. (Shutterstock)
June 6th, 2018 - 10:21 GMT

Unemployment Rises to 18.4% in First Quarter of 2018 in Jordan

Target growth stands at 5.8% of the GDP. (Shutterstock)
June 6th, 2018 - 09:50 GMT

10 Things You Need to Know About Egypt's New Budget

New vehicles sales dropped by 10-30 per cent (depending on the brand) in the first quarter of 2018. (Shutterstock)
June 6th, 2018 - 09:25 GMT

After Slow First Quarter, New Car Sales Start Picking Up in UAE

Raj Kundra, husband of actress Shilpa Shetty. (AFP)
June 6th, 2018 - 08:14 GMT

Bitcoin Scam: Raj Kundra Summoned by Enforcement Directorate

The happiest people and most capable of striking a balance between work and life do not necessarily work fewer hours. (Shutterstock)
June 6th, 2018 - 07:46 GMT

Bahrain Ranks Second on This Global List

Protesters gather near the Fourth Circle in Amman calling for withdrawal of new income tax draft law from the Parliament on Tuesday. (Jordan Times)
June 6th, 2018 - 07:23 GMT

Professional Associations in Amman to Go Ahead With Strike Today

The UAE ranked the best country where digital companies can thrive. (Shutterstock)
June 5th, 2018 - 07:50 GMT

UAE Is the Most Digital-Friendly Country in the Middle East

One has to work almost 6 days to earn enough to buy an iPhone X. (Shutterstock)
June 5th, 2018 - 07:40 GMT

Riyadh Among World’s Costly Cities

The sources explained this means the number of expatriates has not increased but somehow declined. (Shutterstock)
June 5th, 2018 - 07:10 GMT

Remittances of Expats in Kuwait Drop by 13 Percent

Egypt witnessed a 22 % annual growth in the total amount of online payments, estimated at $6.2 billion of transactions in 2016. (Shutterstock)
June 5th, 2018 - 06:51 GMT

Egypt Plans to Impose VAT on All Online Transactions

Trading and gains should be further bolstered in the bourses following the decision to transform the Abu Dhabi Investment Council (ADIA) into a public shareholding company under Mubadala. (Shutterstock)
June 4th, 2018 - 10:07 GMT

UAE Bourses Forecast to Rise in June

Among the key initiatives is also a Dubai National Design Center. (Shutterstock)
June 4th, 2018 - 09:58 GMT

Dubai Launches 4-Year Design Plan for City

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