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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-based Emaar Properties today confirmed plans to sell a 20 percent stake in its real estate development business. (File photo)
October 22nd, 2017 - 05:00 GMT

UAE, the Middle East’s IPO Haven?

Qatar has announced a new draft law that seeks to protect and boost local production. (File photo)
October 22nd, 2017 - 01:36 GMT

Qatar Announces New Draft Law to Boost National Products

The city’s port is planned to have a capacity to handle two million containers by 2025, instead of 875,000 currently. (AFP/ File)
October 22nd, 2017 - 01:16 GMT

Jordan: $10 Billion Worth of Investments in Aqaba by 2025

This decision allows more than 25 million residents in GCC states to get a visa on arrival at Tunisian airports and border crossing points. (AFP/ File)
October 22nd, 2017 - 01:07 GMT

Tunisia Announces Visa on Arrival for GCC Expats, Citizens

Happy Diwali from Dubai to the world! (YouTube/ Emirates)
October 19th, 2017 - 02:36 GMT

Watch: Emirates Celebrates Diwali With Dubai Residents in Magical Video

Omar Sultan Al Olama, 27 years old, is the UAE's first minister of state for AI. (Pictured here: Sheikh Mohammed bin Rashid Al Maktoum/ File)
October 19th, 2017 - 01:48 GMT

New UAE Cabinet Revealed With Ministers for AI, Advanced Sciences and Food Security

Were you one of thousands of Dubai residents who received a text from Sheikh Hamdan today? (Photo by Kelly Clarke)
October 19th, 2017 - 12:21 GMT

Sheikh Hamdan Invites Residents to Join Dubai Fitness Challenge With.. an SMS!

A splurge on marketing spending failed to deliver a bottom-line boost to Damac Properties for this quarter. (File photo)
October 19th, 2017 - 12:00 GMT

Damac Properties Reports Weak Profits Despite Higher Marketing Spending

The multi-billion dollar arms deal with Bahrain comes as US President Donald Trump has eased restrictions on arms sales to certain countries including Bahrain. (AFP/ File)
October 18th, 2017 - 02:35 GMT

Bahrain Signs $3.8 Billion Deal With Lockheed Martin for F-16 Fighter Jets

The company had suspended all flights to Marsa Alam airport in Egypt since 2008. (Shutterstock)
October 18th, 2017 - 02:22 GMT

Thomas Cook Resumes Flights to Egypt Airport After 9-Year Suspension

Oman has decided to cancel bids for the country’s third mobile licence and award it to a local consortium. (Photo courtesy of Oman Oil)
October 18th, 2017 - 01:57 GMT

Oman Cancels Bids for Third Mobile License, Awards License to Local Company

The UAE plans to boost its reliance on AI in routine government jobs. (AFP/ File)
October 17th, 2017 - 12:23 GMT

After Flying Cars and Robocops: UAE Launches AI Strategy for Government Services

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