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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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Jason Tuvey, Middle East analyst at Capital Economics, said that recent price hikes for fuel and power, and VAT, would affect expats more than Saudi citizens. Here's why. (AFP/ File)
January 17th, 2018 - 10:13 GMT

VAT, Price Hikes Will Affect Expats More than Saudis: Report

Hussein Sajwani said he would be “more than happy” to sell equity in order to boost the trading in Damac shares. (Courtesy of Damac)
January 17th, 2018 - 09:55 GMT

Damac Chairman Ready to Sell 15 Percent of His Stake to Boost Trading

"It is for the first time that an OPEC event is taking place in Oman and the proposed meeting is being supported by Oman Oil Company." - Ali al Riyami, ministry of oil and gas (AFP/ File)
January 16th, 2018 - 10:30 GMT

Oman to Host OPEC Meeting This Month, Its First Ever

Private companies will take over the inspection activities in a move to ensure better services especially in matters of public health, sources said. (AFP)
January 16th, 2018 - 09:30 GMT

Saudi Arabia to Privatize Inspections by Ministry of Labor: Al-Madina Newspaper

The Qatar-Turkey Economic Forum, slated on Tuesday in Doha, aims to enhance economic cooperation between Qatar and Turkey in various fields. (AFP)
January 16th, 2018 - 08:42 GMT

Qatar-Turkey Economic Forum Launches Today in Doha

Restaurant and café owners in Dubai are calling for lower rents and the ability to hire students and part-timers to curb their operating costs. (Shutterstock)
January 15th, 2018 - 07:00 GMT

We Need Part-Timers and Students to Cut Costs: Restaurant Owners in Dubai

Qatar's Ministry of Economy has asked users to immediately stop using the Victoria's Secret product and return it for a full refund. (Courtesy of Cover Kingdom)
January 15th, 2018 - 06:00 GMT

Victoria's Secret Phone Cases Recalled After Reports of Skin Rashes, Burns: Qatar

Here are the top five things you need to know in global markets today Monday, January 15. (Shutterstock)
January 15th, 2018 - 01:30 GMT

Gold Higher on Weaker Dollar: Top 5 Things to Know Today in the Markets

Saudi Arabia and Japan signed six MoUs on the sidelines of the Saudi-Japanese Business Forum that kicked off in Riyadh this week. (Courtesy of SPA)
January 15th, 2018 - 12:32 GMT

Saudi Arabia Meets 40 percent of Japan’s Energy Needs: Khaled Al-Falih

Kuwait has ordered all ministries to prepare their lists of expats to expel by March 2019. (Shutterstock)
January 15th, 2018 - 11:43 GMT

Kuwait Pushes Ahead With Kuwaitization of Government Jobs

In this article, Masdar CEO Mohamed Jameel Al Ramahi gives his thoughts on renewable energy and the year ahead. (Courtesy of Masdar)
January 15th, 2018 - 09:57 GMT

Masdar CEO Gives His 2018 Predictions, Thoughts on Renewable Energy

Consumers in Oman will pay more for electricity from February 1, with ‘fees’ based on consumption, authorities have revealed. (File photo)
January 15th, 2018 - 09:33 GMT

Oman Introduces New Taxes on Electricity Consumption, Hospitality

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