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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 1st, 2014 - 11:59 GMT

Sharjah opens first boutique hotel

“However, there has been no statement issued by the Saudi or Sudanese government confirming that Saudi banks have decided to take this step, which may have a negative impact on the economy of Sudan.”
May 1st, 2014 - 03:38 GMT

Saudi banks stop remittances to Sudan over sanctions

Al Bawaba
April 30th, 2014 - 01:28 GMT

Dubai hotel profits up 53.3 percent in Q1

Hamad International Airport (HIA) receives its first passengers today, thereby closing one chapter on Qatar aviation and opening another.
April 30th, 2014 - 12:39 GMT

Better late than never: 17 billion dollars and endless troubles later, Qatar's Hammad International Airport is finally good to go

Al Bawaba
April 30th, 2014 - 11:30 GMT

World's leading pharmaceutical company wins joint Saudi contract

Al Bawaba
April 30th, 2014 - 11:01 GMT

Qatari Diar to develop luxury Malaysian resort

Al Bawaba
April 30th, 2014 - 10:45 GMT

Bahrain Bay tower project under way for completion in 2014

Al Bawaba
April 30th, 2014 - 09:50 GMT

Some serious bling: BlackBerry launches another "Porsche Design" smartphone

Al Bawaba
April 30th, 2014 - 09:25 GMT

Lebanon exchanges $1.4 billion in eurobonds

Despite the current problems, a farm-out agreement between the partners in Leviathan and Woodside may still be signed, possibly within days.
April 29th, 2014 - 08:13 GMT

Time for Turkey and Egypt to search for plan B? Israel's Leviathan gas project 'on hold'

Al Bawaba
April 29th, 2014 - 01:04 GMT

Almost half of the UAE use GITEX shopper to buy IT products

Al Bawaba
April 29th, 2014 - 11:48 GMT

Every little helps: UAE retailer Choithrams to announce partnership with UK's biggest supermarket chain

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