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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 price of oil recently hit $80 a barrel but the price retreated to $77 a barrel on May 26 after Saudi Arabia and Russia said they were ready to ease supply curbs. (Shutterstock)
June 4th, 2018 - 09:41 GMT

Oil Price Uncertainty Becomes Major Budget Concern for Egypt

The Shacklewell Lane Mosque in Dalston, east London, has decided to accept bitcoin and other cryptocurrencies. (AFP)
June 4th, 2018 - 09:18 GMT

This London-Based Mosque Now Accepts Donations in Bitcoin!

UAE dedicates day to remembering the charity and good reputation the late Sheikh Zayed exuded. (KhT)
June 4th, 2018 - 09:12 GMT

UAE Mobile Networks Change Their Name to 'Zayed Humanitarian Day'

With the rise in oil prices, normal household budgets are set to rise, but the economy will generate more jobs and attract more investment, say experts. (Shutterstock)
June 4th, 2018 - 08:37 GMT

Inflation to Rise Alongside Oil Prices in UAE

Qatar's real gross domestic product (GDP) will accelerate from 2.6 percent in 2018 to 2.7 percent in 2019. (Shutterstock)
June 4th, 2018 - 08:13 GMT

Qatar's Economic Growth to Accelerate in 2019: IMF

The proposed law seeks to increase the number of income tax payers from 90 per cent to 95 per cent. (Shutterstock)
June 4th, 2018 - 07:13 GMT

New Tax Law Vital for Jordan’s Credit Rating

Tarawneh added that the law also does not require those who are less than 18 years old to provide income tax statements. (Shutterstock)
June 3rd, 2018 - 09:51 GMT

Expats’ Incomes in Jordan Still Exempted From Income Tax

Oman had 2.60 million social media users as of January 2018, covering a total of 55 per cent of the Sultanate’s population. (Shutterstock)
June 3rd, 2018 - 09:43 GMT

Social Media User Numbers in Oman up by Over 600,000 Since 2017

Every week 60per cent of the UAE employees are working at least one day a week somewhere other than the office. (Shutterstock)
June 3rd, 2018 - 09:22 GMT

60 Percent of UAE Workforce Skip Office to Work Elsewhere

The high-speed train will transport millions of Muslims between the two holy cities of Makkah and Madinah. (AFP)
June 3rd, 2018 - 08:54 GMT

KSA’s Haramain Train Makes First Free Trip With 200 Citizens

There are 56,700,000 Internet users in Iran, which is 69.1% of the population. (Shutterstock)
June 3rd, 2018 - 08:49 GMT

The Challenges and Opportunities of Fintech in Iran

This cooperation is aimed at providing balance and stability on the global oil market, the declaration said. (Shutterstock)
June 3rd, 2018 - 08:37 GMT

UAE Signs Partnership Deal With Russia for Oil Markets Stability

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