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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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Dubai index on Wednesday witnessed sharpest daily fall in 2017. (AFP/ File)
November 8th, 2017 - 07:00 GMT

Dubai Index Posts Sharpest Daily Fall in 2017

Saudi Arabia revealed the plans for Russian collaboration on Tuesday. Pictured here: Saudi Crown Prince Mohammed bin Salman. (AFP/ File)
November 8th, 2017 - 06:00 GMT

Saudi Arabia Offers Investment Opportunities to Russian Companies

The 2018 budget allocates 43 percent to healthcare, education and society development sectors. Pictured here: Sheikh Mohammed Bin Rashid Al Maktoum (AFP/ File)
November 8th, 2017 - 03:06 GMT

UAE Approves Dh201 Billion Federal Budget for 2018-2021

Emirates NBD has marked the launch of its operations in India with the inauguration of a first branch in Mumbai. (File photo)
November 8th, 2017 - 02:57 GMT

Emirates NBD Launches Operations in India

What is the rationale behind the arrest of Saudi Arabia's best known businessman, entrepreneur and philanthropist? In this article, Pat Lancaster attempts to answer the question on everyone's lips. (Neil Hall/ Reuters)
November 7th, 2017 - 08:00 GMT

Why Did Saudi Arabia Arrest Alwaleed Bin Talal?

In this article, Ellen Wald lists five reasons why oil prices are soaring. (AFP/ File)
November 7th, 2017 - 07:00 GMT

5 Reasons Why Oil Prices Are Soaring (No, It's Not the Saudi Arrests)

The new city would be built on a major highway that links Jordan to Iraq and Saudi Arabia. (File photo)
November 7th, 2017 - 06:00 GMT

Jordan Plans New City Near Amman to Ease Overcrowding

Business confidence across the Middle East has fallen to its lowest level since the first quarter of 2016, according to a study. (AFP/ File)
November 7th, 2017 - 05:00 GMT

Business Confidence in Middle East Lowest Since Q1 2016: Study

The nature of life in the UAE is making it hard for residents to think about saving money, according to a new survey. (File photo)
November 7th, 2017 - 04:00 GMT

7 in 10 People in UAE Don't Know How to Save Money: Survey

Companies in Oman will need to adopt the new wage protection system to ensure that all employees are paid on time. (AFP/ File)
November 7th, 2017 - 02:49 GMT

Oman Enforces New Wage Protection System

Saudi Crown Prince Mohammed Bin Salman this week launched an anti-corruption probe that resulted in the arrest of key business people, including Prince Alwaleed bin Talal. (AFP/ File)
November 6th, 2017 - 03:05 GMT

Podcast: Saudi Corruption Probe, New Fed Chief and Other Stories This Week

The Muscat Securities Market (MSM) witnessed a rise in the number of executed transactions, which jumped to 15,087, from 11,293 transactions in September. (Times of Oman)
November 6th, 2017 - 01:55 GMT

Muscat Bourse Achieves 25 Percent Growth in September

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