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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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Richard Branson is the first foreign investor to publicly commit to Saudi Arabia's massive Red Sea project. (AFP)
October 2nd, 2017 - 11:17 GMT

Virgin's Richard Branson First Foreign Investor in Saudi Arabia's Red Sea Project

The new director, Dr. Julia Gonnella, was previously Curator at the Museum of Islamic Art in Berlin. (Courtesy of Qatar Museums)
October 1st, 2017 - 01:56 GMT

Qatar Appoints Western Curator as New Director of the Museum of Islamic Art

Hospitals and clinics in Kuwait to apply new fees for expats, starting Sunday. (AFP)
October 1st, 2017 - 01:43 GMT

Kuwait Sees Significant Increase in Expat Medical Fees, Starting October 1

Smokers in the UAE will now be paying 100 percent more for a pack of cigarettes. (File photo)
October 1st, 2017 - 11:11 GMT

Sin Tax Comes Into Effect in UAE, Starting Today

Noon.com is now live in the UAE!
October 1st, 2017 - 10:56 GMT

Noon.com Finally Launches in UAE

Turkey will allocate an additional $2.2 billion of tax revenues towards the defense industry. (AFP/ File)
September 28th, 2017 - 02:04 GMT

Turkey to Boost Military Spending in Wake of Kurdistan Referendum: Minister

The deal includes the installation of a manufacturing facility specialized in automotive components production. (Shutterstock)
September 28th, 2017 - 12:18 GMT

Morocco Signs Deal With Fiat to Launch Car Production Plant in Tangier

The project aims to deliver over 12,000 housing units to accommodate 58,000 new residents. (Shutterstock)
September 28th, 2017 - 12:01 GMT

Saudi Arabia Announces $5 Billion Multi-Purpose Jeddah Downtown Project

Saudi Arabia is set to see a boost in female job applicants when women are allowed to drive next year. (AFP)
September 28th, 2017 - 11:37 GMT

Saudi Arabia to See More Women at Work as Women Are Allowed to Drive

Iraq has ordered international airlines to halt services to Erbil, the Kurdish capital, and Sulaimaniyah, its second city, beginning Friday evening. (Ozak Kose/ AFP)
September 28th, 2017 - 11:12 GMT

Iraq Steps up Efforts to Isolate Kurdistan, Halts All Flights to Erbil

Etihad has announced on Thursday the appointment of Tony Douglas as group CEO replacing James Hogan who stepped down in July. (AFP/ File)
September 28th, 2017 - 10:56 GMT

Etihad Appoints New CEO

Qatar Airways CEO said the carrier will continue to fly to Erbil as long as its airspace remains open. (AFP/ File)
September 28th, 2017 - 10:44 GMT

Qatar Airways to Fly to Erbil as Long as It Is ‘Safe’: CEO

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