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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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Saudi Arabia on Tuesday approved a 20 percent bonus for three years for those working in the veterinary field. (Pixabay)
January 10th, 2018 - 09:54 GMT

20 Percent Bonus for Veterinary Workers in 2018: Saudi Arabia

People working in IT and sales are more optimistic than their peers in other industries about their salary prospects this year, according to a new report. (Shutterstock)
January 10th, 2018 - 09:35 GMT

Employees in IT, Sales Most Optimistic About Salary Raises in 2018: Report

Foreign investors will be allowed to own up to 49 percent of shares on the Saudi stock market, according to a document published by the local regulator. (AFP)
January 10th, 2018 - 08:40 GMT

Ahead of Aramco IPO: Foreigners Allowed to Own up to 49 Percent of Saudi Stocks

With just 14 percent of Egyptians having bank accounts, FinTech companies should be cashing in on the banks’ shortcomings, but they're not. Here's what's preventing FinTech from being adopted in Egypt. (Shutterstock)
January 9th, 2018 - 02:00 GMT

Opinion: Egypt Slow to Adopt FinTech, Here’s Why

The highest percentages of unemployment in Saudi Arabia are found in Medina, Baha and Jouf regions, according to the General Authority for Statistics. (Shutterstock)
January 9th, 2018 - 12:58 GMT

Saudi Arabia: Unemployment Highest in Medina, Baha and Jouf

Nearly three quarters of GCC employers are expecting to recruit new staff over the next year, according to a report by recruitment firm Hays. (Shutterstock)
January 9th, 2018 - 11:58 GMT

75 Percent of GCC Employers Expected to Hire in 2018: Report

The group were arrested after protests at a royal palace in Riyadh on Thursday. (Shutterstock)
January 9th, 2018 - 11:01 GMT

Sons of Almarai Founder Arrested in Saudi Arabia Over Protest

The increased fuel prices in Bahrain came into effect from 2:00pm yesterday. (AFP)
January 9th, 2018 - 10:04 GMT

Bahrain Raises Gas Prices Closer to International Levels

Emirates, Etihad and Royal Jordanian airlines all made it to the top 20 safest airlines for 2018. (Courtesy of Airbus)
January 9th, 2018 - 09:05 GMT

Emirates, Etihad Among Safest Airlines in the World: Study

Foreigners applying to work in the UAE will soon be required to obtain a good conduct and behavior certificate to receive a work visa. (Shutterstock)
January 9th, 2018 - 08:40 GMT

UAE Introduces ‘Good Behavior’ Criteria for Hiring Expats

In its latest report, the Iranian Parliament Research Center put the country’s economic growth in the current year at 4.1 percent. (AFP)
January 8th, 2018 - 06:00 GMT

Amid Unrest: Iran Expects Economy to Grow 4 Percent in 2018

As the Lebanese bid farewell to 2017, economists are busy now analyzing the challenges Lebanon will face in 2018 hoping to revitalize the sluggish economy. (Ibrahim Chalhoub/ AFP)
January 8th, 2018 - 02:00 GMT

Challenges Facing Lebanon in 2018, and How to Solve Them

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