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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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"Oil markets are reacting on the potential that the situation could worsen," said Ben le Brun.
March 3rd, 2014 - 04:36 GMT

A sign of what's yet to come? Oil prices jump on Russia's threat to invade Ukraine

Saudi Arabia deported most of its construction sector workers under its Saudization policies (File Archive)
March 3rd, 2014 - 02:00 GMT

How the tables have turned: Saudi seeking help from this MENA country on labor issues

Al Bawaba
March 3rd, 2014 - 11:00 GMT

Around the world and back again: Why Flydubai profits are up almost 50% in one year

Al Bawaba
March 3rd, 2014 - 09:00 GMT

This bank is joining the sukuk club by September

Al Bawaba
March 3rd, 2014 - 07:55 GMT

No change in WhatsApp privacy rules: Facebook

Al Bawaba
March 3rd, 2014 - 03:55 GMT

Dubai's rental costs jump 41%, making it world's 7th most expensive city to live in

Responding to a question about innovation, Cook said Apple preferred not to talk about new products under development so as not to tip off the competition
March 3rd, 2014 - 03:55 GMT

Keeping the flame alive: Apple investing heavily in 'next generation' of products

The February figure was up from 2.228 million bpd the previous month thanks to the completion of work on expanding the capacity of the southern Basra port, from which the bulk of Iraq's crude is shipped.
March 3rd, 2014 - 03:55 GMT

Ready to take over? Iraq oil exports hit record level in February

 The 5G mobile network aims to tremendously improve user’s experience with never seen before speed and capacity.
March 2nd, 2014 - 09:28 GMT

Staying ahead of the game: Etisalat and Huawei ready to develop 5G mobile broadband

The premier said foreign direct investments (FDIs) rose in 2013 by JD1.1 billion, reaching around JD18.7 billion at the end of last year.
March 2nd, 2014 - 05:20 GMT

Is Jordan's economy finally seeing the light? Prime minister lauds government for something that has not happened in 20 years

GCC countries spend an average of seven percent of their annual budgets on health, whereas OECD countries spend an average of 17 percent (File Archive)
March 2nd, 2014 - 03:00 GMT

World Bank is "sick" of GCC healthcare industry, calls for reforms in sector

The Trina Solar project will be Jordan's first rooftop solar power project (File Archive/Shutterstock)
March 2nd, 2014 - 02:00 GMT

Sun is shining on Jordan-China solar deal

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