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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 11th, 2014 - 02:00 GMT

A ban worth billions: you won't believe how much Saudis spend on energy drinks every year

Insurance companies in Egypt had to pay 45.5 percent more in claims in 2012-13 than the year prior due to the uprising in the country (File Archive/AFP)
March 11th, 2014 - 12:27 GMT

Global leader in insurance market set to expand in Egypt

The UAE has pledged significant sums of money to help rebuild Egypt and support it on its path to truly representative government
March 11th, 2014 - 10:55 GMT

Friends with benefits: Egypt-UAE $40bn housing deal to improve economy region wide

Al Bawaba
March 11th, 2014 - 10:00 GMT

World’s first smart retail hub in Dubai set to "change landscape" of e-commerce

Jordan wants to establish a nuclear reactor to cut down its dependency of foreign energy imports that currently account for 96 percent of the country's energy stock (File Archive/Shutterstock)
March 11th, 2014 - 08:00 GMT

Jordan nuclear body ready to sign agreements with Russian firm to build Kingdom's first reactor

Saudi construction industry has witnessed a boom in contract awards and ongoing construction activities
March 11th, 2014 - 06:55 GMT

Saudi construction sector booming with announcement of new contracts

Al Bawaba
March 11th, 2014 - 06:37 GMT

Not everything sells in UAE: poor profits for this IT item may make sales obsolete in near future

Al Bawaba
March 11th, 2014 - 05:00 GMT

Guess which GCC country has highest paying CEOs and Expatriates!

Al Bawaba
March 10th, 2014 - 02:00 GMT

Emirates Airlines will now be Boston bound-daily!

Al Bawaba
March 10th, 2014 - 12:55 GMT

Jeddah’s new airport to create 3,500 jobs for Saudis

Al Bawaba
March 10th, 2014 - 12:00 GMT

Gaza to run out of power, oil in days after Qatar diesel donations cease

More than half of the UAE population owns a smartphone (File Archive/Shutterstock)
March 10th, 2014 - 08:04 GMT

And the most used phone in the UAE is....

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