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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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Turkey's food exports to Qatar surged 98 percent in the first nine months of 2017, compared to last year. (File photo)
October 31st, 2017 - 05:00 GMT

Turkey's Exports to Qatar up 90 Percent Since Blockade

Of these four blocks, one is an offshore block, while all others are onshore blocks. (Shutterstock)
October 31st, 2017 - 04:00 GMT

Oman to Award Four Oil Blocks in the Second Quarter of 2018

Saudi Arabia is the second country in the Gulf region to go for nuclear energy, after the UAE. (Wiki Images)
October 31st, 2017 - 01:46 GMT

Saudi Arabia to Extract Uranium for Nuclear Program: Official

UAE and Swiss nationals will not require a visa for a short-stay in each other’s countries. (Karim Sahib/ AFP)
October 31st, 2017 - 01:30 GMT

UAE, Switzerland Sign Visa Exemption Deal

As of October 2017, more than 11,600 projects worth $805 billion are being built across the UAE. (Shutterstock)
October 31st, 2017 - 12:44 GMT

UAE Construction Spending up 6.3 Percent in 2017 to $805 Billion

The first 'Bulgari' branded hotel in Dubai has got itself an opening date. (Courtesy of Bulgari)
October 31st, 2017 - 12:41 GMT

First Bulgari Hotel in Dubai Confirms Opening Date

Saudi Arabia wants to nationalize jobs in Riyadh Metro by qualifying young Saudis to handle technical jobs. (Ahmed Farwan/ AFP)
October 30th, 2017 - 04:00 GMT

Saudi Arabia Trains More Than 40 Saudis for Riyadh Metro Jobs

Today more than 140 Shake Shacks globally are located in the GCC. (Shutterstock)
October 30th, 2017 - 12:17 GMT

Shake Shack Plans Saudi Expansion

The initiative is aimed at supporting women working in the private sector and increase their employment in this sector. (File photo)
October 30th, 2017 - 12:07 GMT

Saudi Arabia's MoL to Bear 80 Percent of Transportation Cost for Working Women

VAT is likely to bring notable changes in the way business is carried out by hospitality firms in the UAE. Here are some of these changes. (File photo)
October 30th, 2017 - 11:54 GMT

Opinion: How VAT in UAE Will Affect Tourism, Hospitality Sectors

Turkey and Jordan agreed in 2016 on a Roll-on/Roll-off 'Ro-Ro' route between Turkish ports and Jordan’s Aqaba port, but the deal never took off. (File photo)
October 30th, 2017 - 11:26 GMT

Turkey, Jordan Mull New Maritime Route Project

Iran's president, Hassan Rouhani. (AFP/ File)
October 30th, 2017 - 11:08 GMT

Iran Expects to Sign More Than $20 Billion of Energy Contracts in 2018

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