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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 recorded 1.8 million more passengers than Heathrow in January and February this year (File Archive)
March 26th, 2014 - 01:00 GMT

Dubai Int'l takes over Heathrow for top spot as world's busiest airport

Al Bawaba
March 26th, 2014 - 12:55 GMT

Saudi Arabia's first “Textile Arabia” opens in four-day exhibition

Al Bawaba
March 26th, 2014 - 11:00 GMT

Britain is boosting investment-and military presence-in this Gulf country

Banking has been a pioneer in this area and mobile banking is leading among many expatriates
March 26th, 2014 - 09:55 GMT

Mobile banking is gaining traction in the UAE

Al Bawaba
March 26th, 2014 - 08:55 GMT

Oman's exports overachieve in 2013

Strict air quality regulations were introduced in 2008 to stop quarries from generating pollutants, including dust and toxins,.
March 26th, 2014 - 03:55 GMT

A much needed precedent: UAE toughens up on environmental crimes

AFESD’s second agreement will contribute $162m to the Egyptian-Saudi electricity linkage project.
March 26th, 2014 - 03:55 GMT

Kuwait based Arab Fund to invest record $412 in Egypt

The International Monetary Fund, or IMF, urged GCC regulators to continue to ensure that banks maintain higher capital than required by minimum international standards.
March 26th, 2014 - 12:25 GMT

IMF tells GCC banks to be prepared for the worst

Overall, the Middle East’s online shopping is set for ‘exponential’ growth in the next three to five years, as more consumers embrace faceless transactions
March 25th, 2014 - 10:58 GMT

Addiction or healthy economy? UAE leads the region in online shopping

Arab foreign ministers on Sunday approved a draft resolution that paves the way for Egypt to host the Arab summit next year, and referred it to the Arab leaders for final endorsement.
March 25th, 2014 - 10:20 GMT

Too much drama to handle? Kuwait's Arab Summit 'aimed at economic growth'

Etihad will now have a 49 per cent stake in Air Serbia (File Archive)
March 25th, 2014 - 04:00 GMT

UAE airline moves forward with Air Serbia deal

The new app is designed to curb the frequency of blackouts expected during Egypt's summer months (File Archive)
March 25th, 2014 - 02:36 GMT

Curbing energy use in Egypt? Yes, Cairo has a new app for that

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