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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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Undisturbed by the economic blockade, Qatar's banking industry witnessed a double-digit expansion in total assets in October, according to QCB data. (File photo)
November 28th, 2017 - 06:57 GMT

Qatar's Banking Sector Grows 10 Percent Despite Blockade: Central Bank

The new service includes activation of the new four-day, or 96-hour, transit visa for all nationalities travelling through Abu Dhabi. (File photo)
November 27th, 2017 - 11:51 GMT

Abu Dhabi Announces New Visa on Arrival, for All Nationalities

Saudi Aramco and petrochemical producer Sabic have signed a deal to build a $20 billion complex to convert crude oil to chemicals. (AFP/ File)
November 27th, 2017 - 11:26 GMT

Saudi Aramco's New Oil-to-Chemicals Complex to Create 30,000 Jobs

The UAE today approved the names of 737 Emiratis who are eligible for housing support, at Dh476 million. (File photo)
November 26th, 2017 - 08:00 GMT

Emiratis Get Dh476 Million in Housing Assistance in UAE

Expo 2020 Dubai has so far awarded Dh10.8 billion construction contracts in 2017. (Karim Sahib/ AFP)
November 26th, 2017 - 07:00 GMT

Expo 2020 Awards Over Dh11 Billion in Contracts in 2017

Saudi Arabia's stock market (Tadawul). (AFP/ File)
November 26th, 2017 - 06:00 GMT

Saudi Arabia Eases Requirements for Foreign Investors in Stock Market

Iraq said on Sunday it plans to build a new pipeline that will ship oil from Kirkuk's oilfields to the Ceyhan port in Turkey. (File photo)
November 26th, 2017 - 02:42 GMT

Iraq Plans New Pipeline to Ship Kirkuk Oil to Turkey

The bank's presence in the UAE will allow the bank to further promote investment opportunities in Iraq. (Courtesy of WAM)
November 26th, 2017 - 02:34 GMT

Trade Bank of Iraq Opens Office in Abu Dhabi

The new project will stretch 3.3 km along Sharjah Beach Road, featuring food trucks, art spaces, public squares, changing rooms, prayer ares, water sports, and parks. (Courtesy of Place Dynamix)
November 26th, 2017 - 11:58 GMT

Sharjah Unveils 'Beach Project', 3.3 Km of Leisure and Tourist Attractions

Buildings in Dubai will soon be charged for waste collection as Dubai Municipality has decided to outsource the service to the private sector. (File photo)
November 26th, 2017 - 11:43 GMT

New Waste Fee Announced for Buildings in Dubai

The Adnoc IPO is set to be the biggest listing in the UAE since 2007. (Karim Sahib/ AFP)
November 26th, 2017 - 10:31 GMT

Adnoc Unveils IPO Price Range for Distribution Unit, Official Listing Date

Total GCC active projects are valued at around $2.6 trillion, or 160 percent of GDP. (File photo)
November 23rd, 2017 - 03:58 GMT

Construction Market in GCC Grows 30 Percent in 2017: Report

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