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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
March 18th, 2014 - 03:55 GMT

Dubai metro station to be transformed to 'art museum"

The project is scheduled to open in 2015.
March 18th, 2014 - 02:04 GMT

Boundless luxury: Jumeirah signs deal to develop luxury apartments in China

The prince expressed his pride at the collaboration between Alwaleed bin Talal Foundation, Global and the European Organization for Research and Treatment of Cancer (EORTC).
March 17th, 2014 - 03:38 GMT

Who needs Forbes, after all? Al-Waleed bin Talal receives 'top Belgian honour'

The majority of Saudi companies say they will hire in the next three months, but over half of them are only looking to hire Saudi applicants (Shutterstock)
March 17th, 2014 - 02:00 GMT

Nearly 70 percent of KSA businesses are set to hire...only Saudis, of course

Last year, Hyundai's Elantra was the company's top selling model in the Middle East (File Archive)
March 17th, 2014 - 01:00 GMT

Hyundai winning over more than just customers in UAE, receives $8.2 million deal with RAK govt

Saudi Arabia's inflation rose from 2.9 to 3.5 percent last year, but authorities are saying that the situation "remains under control" (File Archive)
March 17th, 2014 - 11:00 GMT

Too much of a good thing? Saudi economy said to be stable, able to reach 4.4 pct growth in 2014

Qatar is planning to focus its future development within the non-oil and gas sectors (File Archive)
March 17th, 2014 - 09:36 GMT

Doha rolling out the dough for Qatar infrastructure, set to launch new projects worth $65 billion

82 per cent of businesses in the Middle East are targeting growth in 2014
March 17th, 2014 - 07:55 GMT

71% Omani firms targeting growth

The Suez Canal Project is much needed for the Egypt's economic revival.
March 17th, 2014 - 04:55 GMT

There's definitely no Qatari involvement here: Dubai Ports to invest in Suez Canal Project

 
Israel routinely closes the crossing to mount the pressure on the besieged Palestinians and their rulers in Gaza.
March 17th, 2014 - 03:55 GMT

How gracious: Israel to allow fuel shipments to Gaza

Al Bawaba
March 16th, 2014 - 07:23 GMT

The ghosts of the 2009 crash: Abu Dhabi graciously amends the refinancing agreement for Dubai's $20 billion debt

The Syrian refugee influx into Jordan has in some ways exacerbated the Kingdom's financial struggles to a new level (File Archive)
March 16th, 2014 - 04:00 GMT

Why the World Bank is pouring millions into Jordan...this time

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