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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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Dubai Islamic Bank also contributed to the uptick, rising 5.5 percent to extend gains that started on Thursday when the lender posted a doubling of first-quarter net profit.
May 6th, 2014 - 11:21 GMT

Dubai bourse scores record gains over Emaar Properties' six year high

Zero-rate income taxes and high salaries attract young British professionals to the UAE (File photo)
May 6th, 2014 - 01:58 GMT

Dubai is top hotspot for British expat workers

Al Bawaba
May 6th, 2014 - 12:04 GMT

Oman's tourism industry to lead the Middle East in 2014

Al Bawaba
May 6th, 2014 - 11:16 GMT

It's back to the future! Dubai to launch high tech "podcars" within few years

Al Bawaba
May 6th, 2014 - 10:52 GMT

Hospitality firm to expand hotels in GCC countries

Al Bawaba
May 6th, 2014 - 10:17 GMT

Leading tech company wins $28 million Jeddah Metro contract

Qatar Airways, along with Dubai’s Emirates and Abu Dhabi’s Etihad, have snatched a sizeable share of the long-haul travel sector, turning their home cities into major hub on the routes to Asia and Australasia.
May 6th, 2014 - 02:55 GMT

Surprise! Qatar airways has been completely state-owned since last year

Inflation in April stood stubbornly above the central bank's forecast for the end of the year and weighing against the likelihood of significant interest rate cuts in the near term.
May 6th, 2014 - 02:55 GMT

Who's to blame? At almost 10%, Turkey's inflation rate hits 2 year high

A simple map with clear directions from where you are at that moment will appear, said bin Mejren. Directions on how to use the video is available on YouTube.
May 6th, 2014 - 02:55 GMT

The end of first world problems, in Dubai at least: new technology to remind Dubai Mall visitors where they parked

Al Bawaba
May 5th, 2014 - 10:46 GMT

UAE to maintain live camel imports despite MERS dangers

Speculators are the least bullish on the metal in 11 weeks, partly amid signs that the U.S. economy is accelerating out of its winter retreat, government data showed on May 2.
May 5th, 2014 - 10:19 GMT

Gold prices at three week high due to Ukraine crisis

Saudi Arabia will consider changing its strict visa policies in the next three years, according to the president of the country’s tourism commission.
May 5th, 2014 - 10:11 GMT

Syrian pilgrims included? Saudi Arabia considers reforming strict visa requirements

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