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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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The UAE's huge appeal is making expats stay in the country for the longer term. (File photo)
September 28th, 2017 - 10:35 GMT

More and More Expats Move to the UAE for the Long Haul: HSBC Report

Dubai Safari will be home to around 3,500 animals in its first phase. (AFP)
September 27th, 2017 - 01:52 GMT

Dubai Safari Coming Soon!

The bank aims to strengthen Islamic finance and support Tunisia's private sector. (File photo)
September 27th, 2017 - 12:45 GMT

Saudi Arabia's IDB Invests $1.5 Billion in Development Projects in Tunisia

The tour operator said its group bookings for Winter 2017/18 is up 3 percent. (AFP)
September 27th, 2017 - 12:22 GMT

UK Operator Thomas Cook Sees Tourists Return to Egypt and Turkey

BP holds a 60 percent interest in the new project. (Courtesy of BP)
September 27th, 2017 - 12:09 GMT

BP Starts Production at Oman's Giant Khazzan Gas Field

Ajman University has just announced its first PhD program ever. (Shutterstock)
September 27th, 2017 - 11:53 GMT

Ajman University Announces First-Ever PhD Program

The listing brings the number of Sukuk listings by the bank on the exchange to eight. (AFP)
September 27th, 2017 - 11:41 GMT

Saudi Arabia’s IDB Lists $1.25 Billion Sukuk on Nasdaq Dubai

The move is part of a capital restructuring program agreed by shareholders. (AFP/ File)
September 27th, 2017 - 11:22 GMT

Drake & Scull Wins Approval for Capital Reduction, New Shares Listing

The diploma will be offered in the UAE and Saudi Arabia starting October this year. (File photo)
September 27th, 2017 - 11:13 GMT

Cashing in on VAT: PwC Announces First VAT Diploma in GCC

The new fund will invest in innovative early-stage and growth-stage tech companies in the MENA region. Pictured here: Mohammed Alabbar. (AFP/ File)
September 27th, 2017 - 10:46 GMT

Alabbar, MEVP Launch Third Venture Capital Fund

Last year, Saudi Arabia’s economy grew by 1.7 percent. Pictured here: King Salman. (AFP/ File)
September 27th, 2017 - 10:37 GMT

Saudi Economy Grew in 2016 Despite Global Slump: Report

Beach-goers in Dubai can now get their coffee via a drone. (Shutterstock)
September 25th, 2017 - 01:46 GMT

Costa Coffee Tests Drone Delivery Service in Dubai, and We Love It! (Video)

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