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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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Lebanon’s primary budget turned negative in 2012 and deteriorated further in 2013 to 141 percent of GDP as the government came under pressure to spend and economic activity dropped, the IMF report said.
May 11th, 2014 - 05:00 GMT

The usual know-it-all attitude: the IMF unveils its projections for the Lebanese economy

Fawry is a bilingual Arabic-English platform which allows customers to pay for services either online, via mobile phone, or at a point of sale machine.
May 11th, 2014 - 04:55 GMT

For once, it's Egypt 'aiding' the Gulf: electronic payment platform 'Fawry' to make it to GCC

Over the years, GE has developed several successful co-op programs with leading Saudi institutions
May 11th, 2014 - 03:55 GMT

General Electric to give Saudi women scholarships

The new system will save time and money and speed up completion of accident reports.
May 11th, 2014 - 02:55 GMT

Dubai police to introduce e-programme for reconstructing accident scenes

Emirates announced earlier this year that it would reduce flights to 41 destinations during the 80-day airport runway upgrade programme, which began on May 1.
May 11th, 2014 - 02:55 GMT

The glass half full: Emirates airlines sure about making up lost profits in less than a year

Al Bawaba
May 11th, 2014 - 02:55 GMT

What Expo? UAE companies have no intention of raising salaries anytime soon

“The WHO does not recommend the application of any travel or trade restrictions, including for upcoming pilgrimage travel to Saudi Arabia,” a statement issued by the organization said.
May 8th, 2014 - 11:08 GMT

WHO: Haj travel ban not even 'under consideration'

It is targeting global players in high-margin sectors such as oil and gas, power plants, infrastructure, and facility management of huge industrial plants, he said.
May 8th, 2014 - 02:42 GMT

Thank you oil prices? Arabtec profits 'more than double'

Al Bawaba
May 8th, 2014 - 02:18 GMT

Netanyahu included? Israel to punish citizens who hide their money in the US by seizing 50% of concealed funds

Tenants have said that the law would displace thousands of families who rent in Beirut under an old law that governs lease contracts enacted before 1993.
May 8th, 2014 - 04:28 GMT

Landlord efforts go down the drain in Lebanon: After passing through parliament, Suleiman refuses to sign new rent law

Asked when Oman was going to decide on potential changes to subsidy levels, Balushi said: “It’s an exercise that is going on, it could be this year, it could be next year.”
May 8th, 2014 - 04:20 GMT

Tick tock: Oman is on the verge of lifting subsidies

Leaders of the six-nation GCC have set January 1 to implement the customs union, first launched in 2003 and delayed on several occasions to resolve hurdles.
May 8th, 2014 - 04:13 GMT

It's the thought that counts? GCC customs union set for Jan.1st

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