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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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Sultan bin Saeed Al Mansouri, UAE Minister of Economy, heading the Emirati delegation in Beijing. (Courtesy of WAM)
September 11th, 2017 - 01:46 GMT

UAE, China Boost Economic Ties in 13 Sectors, Including E-Commerce

A report predicts that the two hurricanes will cause nearly $250 billion worth of damage. (AFP/ File)
September 11th, 2017 - 12:43 GMT

Hurricanes Harvey, Irma to Cause $250 Billion Worth of Damage (Podcast)

Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, at the opening of Cityscape Global 2017. (Courtesy of Dubai Media Office)
September 11th, 2017 - 12:21 GMT

Cityscape Global 2017 Kicks off in Dubai (Photos)

Russia is considered Sudan's top military partner. (WikiImages/ Pixabay)
September 10th, 2017 - 02:57 GMT

Russia Eyes Joint Investment Projects in Sudan, Including Military

Could Amman see its first metro soon? (SofiLayla/ Pixabay)
September 10th, 2017 - 02:38 GMT

Amman Perfect for a Metro Project, Says a Chinese Study

Is this the end for Swiss private banks? (SofiLayla/ Pixabay)
September 10th, 2017 - 01:57 GMT

70 Swiss Private Banks Could Soon Go out of Business: KPMG

A Chinese factory for trucks and minibuses is coming to Egypt. (Gregor/ Pixabay)
September 10th, 2017 - 01:33 GMT

More Jobs for Egyptians: Chinese Company to Build Trucks Factory in Egypt

Busy day at work? Don’t fret: A friendly robotic assistant may soon take the strain. (Shutterstock)
September 10th, 2017 - 01:17 GMT

Saudi Arabia Wants Robots to Take up Government Jobs

One-bedroom apartments can be bought for 54 bitcoins (or $250,000). (Photo courtesy of Aston Plaza)
September 7th, 2017 - 10:48 GMT

Dubai to Accept Bitcoin Payments on $325 Million Real Estate Project

Opec and other producers led by Russia and  Saudi Arabia are cutting oil output until the end of March 2018. (AFP/ File)
September 6th, 2017 - 11:29 GMT

Saudi Arabia, Russia Mull Opec Deal Extension as Oil Prices Stabilize

Qatar exchange witnessed the steepest monthly drop in August on the back of the ongoing political deadlock with its neighbors. (AFP/ File)
September 6th, 2017 - 11:08 GMT

The Best and Worst Performing Stock Markets in GCC for 2017

Qatar's Emir Sheikh Tamim bin Hamad al-Thani led on Tuesday the inauguration of the new Hamad Port. (AFP/ File)
September 6th, 2017 - 10:34 GMT

Qatar Defies Saudi-Led Bloc With Inauguration of New Port

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