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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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Al Bawaba
May 20th, 2014 - 09:17 GMT

Taking it easy: UAE passes draft law on relaxing prison punishment for debt defaulters

Saudi Arabia is currently implementing Metro projects in Jeddah and Riyadh.
May 20th, 2014 - 08:17 GMT

It's no longer just about the city centres: more metros coming to Saudi Arabia

Al Bawaba
May 20th, 2014 - 02:04 GMT

Financing a 'qualitative shift'? Saudi to spend additional $21 billion on overhaul of educational system

The DFM has now declined for four straight sessions, its biggest losing streak in that surge.
May 20th, 2014 - 07:48 GMT

Here it comes? Correction hits Dubai Financial Market

Egyptians performing Umrah is the principal activity for tourist companies in Egypt over the past three years given low incoming tourist traffic.
May 20th, 2014 - 07:36 GMT

25% cancellations in Umrah travels from Egypt over MERS

Israel Chemicals, controlled by Israel Corp. recently bought a 30% stake in Canada's Allana Potash, which is preparing to mine potash deposit in the Dalol region in the Afar Regional State, in northeast Ethiopia.
May 20th, 2014 - 02:55 GMT

If only they were this nice to their immigrants: Israel to invest $600 million into transforming Ethiopia's Potash industry

It may be compact, but the HTC One mini 2 packs HTC BoomSound technology to deliver powerful, crisp and clear audio that has never been more brilliant
May 20th, 2014 - 02:55 GMT

HTC unveils latest 'mini' addition to its family

Al Bawaba
May 19th, 2014 - 09:42 GMT

Talk about 'specialization': Iran aims to mass produce islamic software

“We have been working with Ericsson for a number of years and we consider them one of our trusted industry partners,” said Saleh Al Abdooli, Chief Executive Officer, Etisalat UAE.
May 19th, 2014 - 09:17 GMT

Etisalat and Ericsson are each other's strategic partners

It is another frustration for the carrier, which has already lost $650 million per year through the airport’s delayed opening.
May 19th, 2014 - 04:36 GMT

With Qatar, it's never over: lounges to face further delays in new Doha airport

The bureau’s establishment has been eagerly awaited by risk-averse lenders, who have attached high expectations to its potential to curb bad credit.
May 19th, 2014 - 04:17 GMT

A much-awaited development: UAE aims to dodge another real estate bullet with new credit bureau

Al Bawaba
May 19th, 2014 - 02:55 GMT

Who's facing a crisis here? Egypt imports 60,000 tons of wheat from Ukraine

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