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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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Gold hits one-month peak as dollar drops on uncertainty surrounding new US tax code. (Shutterstock)
November 19th, 2017 - 02:18 GMT

Gold Prices in UAE Hit Highest in a Month on Weak US Dollar

Kuwaiti traders sitting in the main hall at the Kuwait Stock Exchange (Boursa) headquarters in Kuwait City. (AFP)
November 19th, 2017 - 01:45 GMT

Bad Day: Kuwait Bourse Ends Sunday Trading in Red Zone

Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD, today rang the market-opening bell to celebrate the listing of the bond on Nasdaq Dubai. (Courtesy of Emirates NBD)
November 19th, 2017 - 01:22 GMT

Emirates NBD Celebrates Listing of $750 Million Bond on Nasdaq Dubai

The Value Added Tax (VAT) of five percent will also apply to purchasing petrol, according to the Saudi tax authority. (File photo)
November 19th, 2017 - 12:41 GMT

Saudi Arabia Announces 5 Percent VAT on Fuel, From January 1

Qatar plans to develop the port to serve Sudan and its neighbors, Al Jazeera reported. (File photo)
November 16th, 2017 - 02:52 GMT

Qatar to Develop 'Port Sudan', the Largest Port on the Red Sea

Qatar's Emir Sheikh Tamim bin Hamad al-Thani welcomes Turkish President Recep Tayyip Erdogan during an official visit to Doha on November 15, 2017. (Kayhan Ozer/ AFP)
November 16th, 2017 - 01:53 GMT

Breakdown of Qatar-Turkey Agreements Signed This Week in Doha

In new ad, Qatar Airways said it directly supports nearly 123,000 US jobs and flies 3.1 million visitors to the US annually. (File photo)
November 15th, 2017 - 06:00 GMT

Qatar Airways Sends Message to US: 123,000 US Jobs Depend on Us

Work on the drone began in 2000, and four types were produced in different sizes: Saqr 1, 2, 3 and 4. (Jim Watson/ AFP)
November 15th, 2017 - 02:45 GMT

Saudi Arabia Unveils First Combat Drone at Dubai Airshow

Emirati men visit the Dubai Airshow at its venue in Dubai. (AFP)
November 15th, 2017 - 02:19 GMT

Airbus, Boeing Win Orders Worth $77 Billion on Day 3 of Dubai Airshow

Saudi Arabia has exempted loans, credit cards, mortgages, current accounts, deposits and savings accounts from the Value Added Tax (VAT). (File photo)
November 14th, 2017 - 12:33 GMT

Saudi Arabia Exempts Loans, Credit Cards and Savings Accounts from VAT

A Lebanese bank has been commissioned to find buyers for the Four Seasons Hotel Beirut and Movenpick Hotel Beirut, partly owned by Prince Alwaleed bin Talal. (Courtesy of Four Seasons Hotel Beirut)
November 14th, 2017 - 12:12 GMT

Lebanon Puts Prince Alwaleed Bin Talal's Hotels in Beirut up for Sale

Dubizzle is the UAE’s biggest property portal with 71 percent market share, according to the website.
November 13th, 2017 - 01:30 GMT

Dubbizle Announces First-Ever Real Estate Software Acquisition

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