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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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Banks across the GCC are expected to see stabilization of the financial profiles and performance after two years of significant pressure, according to S&P Global Ratings. (Shutterstock)
January 14th, 2018 - 12:24 GMT

GCC Banks to Stabilize in 2018: Report

“We don’t have a real economy in Lebanon. The model we have been living in for the past 25 years is no longer sustainable. We need a change.” - Raed Khoury, Minister of Economy and Trade (Courtesy of The Daily Star)
January 14th, 2018 - 12:13 GMT

McKinsey to Pitch Ideal Economic Model for Lebanon in Six Months: Minister

A penthouse on the Palm that went for Dh102 million was the priciest deal in Dubai’s property market last year. (Shutterstock)
January 14th, 2018 - 10:01 GMT

Top 10 Priciest Dubai Property Deals in 2017: Photos

British shoppers tightened their spending over Christmas, leading to the first year-on-year fall in spending since 2012. (Shutterstock)
January 11th, 2018 - 06:00 GMT

British Shoppers' Spending at Lowest Level Since 2012: Survey

The Egyptian Parliament this week approved the country’s first-ever bankruptcy law. (AFP)
January 11th, 2018 - 09:34 GMT

Egyptian Parliament Approves Country's First Bankruptcy Law

The new Taif project includes a technology oasis, new airport, residential suburb, industrial city, and university campus. (Shutterstock)
January 11th, 2018 - 09:15 GMT

Saudi Arabia Starts Work on Major Solar Energy Plant for New Taif Project

The UAE has released a simplified explainer, or guide, on exemptions and taxable items in the health and education sectors. More here. (Shutterstock)
January 11th, 2018 - 08:17 GMT

Know Your Rights: UAE Issues Guide on VAT in Health, Education Sectors

In the Arab region, the concept of CVC is still at a nascent stage, however, the wave of high-growth technology startups represents an untapped avenue for investors. (Shutterstock)
January 10th, 2018 - 06:00 GMT

Opinion: Forget About Traditional VC Funding, CVC Is What MENA Needs

After a strong performance last year, it's unclear whether the global sukuk market can stage a repeat performance in 2018, according to a report by S&P Market Intelligence. (Shutterstock)
January 10th, 2018 - 02:00 GMT

Report: Can Global Sukuk Market Stage a Repeat Performance in 2018?

The UAE's economy is geared to grow at an accelerated pace in 2018. (Pixabay)
January 10th, 2018 - 12:55 GMT

UAE’s Economy to Grow 3.6 Percent in 2018, up From 1.7 Percent Last Year

Analysts are expecting oil prices to continue rising this year which could mean higher fuel prices for consumers. (Pexels)
January 10th, 2018 - 11:56 GMT

Brent Crude Hits $69 per Barrel, Its Highest Since 2015

The number of tourists increased 55 percent in the first 11 months of 2017, the head of Egypt’s Tourism Promotion Authority Hisham al-Demery said. (AFP)
January 10th, 2018 - 11:00 GMT

Egypt Sees 55 Percent More Tourists in 2017, Despite Flight Ban

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