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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 negative outlook reflects a reduction in the government’s ability to support banks, weaker economic growth and tightening liquidity. (File photo)
September 6th, 2017 - 10:10 GMT

Moody’s Cuts Oman Banking Outlook on Weak Government Support, Poor Growth

Cityscape Global is set to take place from September 11-13 at the Dubai World Trace Centre. (Karim Sahib/ AFP)
September 6th, 2017 - 07:49 GMT

Dubai Developer Emaar Not Participating in Cityscape Global This Year

This year, the Hong Kong-based carrier reported its first annual loss since the 2008 global financial crisis. (Dale De La Rey/ AFP)
September 5th, 2017 - 11:31 GMT

Cathay Pacific Announces Major Management Shake-up, Moves Hub to Dubai

Last month, Kuwait announced new healthcare costs for expats working in the country. (AFP/ File)
September 5th, 2017 - 11:16 GMT

Kuwait Launches 'Excess Foreigner' Tax for Companies With More Than 50 Percent Expats

The healthcare firm has plans to expand across the Gulf after establishing a base of hospitals in the UAE. (Pixabay)
September 5th, 2017 - 11:03 GMT

UAE’s NMC Health Becomes First Middle Eastern Firm to List on UK’s FTSE 100

Virgin Group Founder Sir Richard Branson lifts a Virgin America staff member on April 22, 2013. (Virgin America/ Getty Images)
September 5th, 2017 - 10:44 GMT

Virgin Mobile Officially Launches in UAE

Kuwait's investments in the US include stocks, bonds, real estate and technology. (Shutterstock)
September 4th, 2017 - 02:31 GMT

Kuwait Has More Than $300 Billion of Investments in US: Report

Skype has announced that it will be retiring the service in certain versions of Windows. (Shutterstock)
September 4th, 2017 - 02:19 GMT

No Skype for Windows Users in UAE, Starting Tonight

Saudi Arabia has nearly doubled its purchases of US corn this year. (Shutterstock)
September 4th, 2017 - 02:12 GMT

Saudi Arabia Doubles US Corn Imports in 2017: Report

The move is expected to encourage exports to countries such as Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan. (File photo)
September 4th, 2017 - 02:01 GMT

Iran Lifts Tariffs on Food Exports to Eurasian Countries

The new VAT will be effective from January 1, 2018. (File photo)
September 4th, 2017 - 01:56 GMT

Saudi Arabia Issues Final VAT Implementing Regulations: Details

Luxury car makers have been hit hard by the regional economic slowdown, but signs of a recovery are emerging. (Shutterstock)
September 4th, 2017 - 01:35 GMT

Gulf's Luxury Car Market Sees Signs of Recovery in 2017: Experts

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