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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
April 16th, 2014 - 02:55 GMT

GCC drift to go further? Iran ready to take bilateral tries with UAE further

On average the emirate recorded 7 percent quarter-on-quarter growth for apartment rentals, and a strong year-on-year figure of 38 percent
April 16th, 2014 - 02:55 GMT

Thank you, Dubai: 'Flight to affordability" hikes rent in Sharjah

Renewed exports will restore much-needed revenue stream for Libya's weak central government following the 2011 overthrow of Moamer Kadhafi.
April 16th, 2014 - 02:04 GMT

After $14 billion down the drain, Libyan oil is back on the market

Al Bawaba
April 15th, 2014 - 12:00 GMT

Hearty Halal: industry to be worth $2.5 trillion by 2018

Al Bawaba
April 15th, 2014 - 10:28 GMT

Dubai prepares for the Electric Car era

Al Bawaba
April 15th, 2014 - 10:14 GMT

Oil giant BP announces $3 billion project in Oman

Al Bawaba
April 15th, 2014 - 09:39 GMT

Samsung launches world-first 12.2 inch widescreen notebook in Bahrain

Al Bawaba
April 15th, 2014 - 09:27 GMT

Saudi to build 63 new hospitals in the next five years

Oil prices received an additional boost following delays in resuming oil exports from Libya.
April 15th, 2014 - 02:55 GMT

Crude oil climbs to 5-week highs amidst intensified Ukraine, Libya crisis

Al Bawaba
April 15th, 2014 - 02:55 GMT

Breaking the record: Turkey's foreign debt 'highest in history'

In September 2013, the World Bank removed Iran from its list of deadbeat borrowers, saying the Islamic Republic had paid outstanding loan amounts.
April 15th, 2014 - 02:55 GMT

Knocking all doors: Iran seeking World Bank finances for development projects

Egyptian construction tycoon Nassef Sawiris, the youngest among the Sawiris siblings, was the first Egyptian and the fourth on the list with a total worth of $6.7bn.
April 14th, 2014 - 06:04 GMT

Forbes' Middle East list is out and Egypt, yes Egypt, is leading

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