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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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Egypt's public business sector will now be handled by the ministry of foreign trade and industry rather than the investment ministry (File Archive/AFP)
February 27th, 2014 - 10:00 GMT

What Egypt’s government reshuffle means for business

The UAE Energy Minister, Suhail bin Mohammed Faraj Faris Al Mazrouei, and Japan’s Minister of Economy, Trade and Industry, Toshimitsu Motegi, signed a MoU on the peaceful use of nuclear energy in the UAE
February 27th, 2014 - 08:45 GMT

Japan, UAE further cement ties with memorandum on nuclear energy

“We are trying to learn from some of the things in the past and trying to get it right this time around,” he added.
February 27th, 2014 - 03:55 GMT

Hanging by a thread, Blackberry attempts comeback with two new models

The companies participating at the show stand to gain a unique vantage point to reach out to vibrant markets across the GCC region, including the Middle East, North Africa and South and East Asia region.
February 27th, 2014 - 12:24 GMT

After Dubai's 'historic' airshow, this one has a lot to match up to: Abu Dhabi Air Expo kicks off

Al-Waleed has been featured in Bloomberg’s Billionaires Index with a personal fortune of $30.5 billion as of Feb. 25, 2014.
February 27th, 2014 - 12:16 GMT

Someone's ego is finally appeased: After severing ties with Forbes, Al-Waleed bin Talal makes it to bloomberg's billionaires list

Al Bawaba
February 26th, 2014 - 04:00 GMT

A farm without land, water?! For this MENA country, tech is making this phenomenon possible....

Al Bawaba
February 26th, 2014 - 01:34 GMT

Dubai flying high with record airport traffic in January

Al Bawaba
February 26th, 2014 - 01:00 GMT

Keeping it 'classy': Lexus finds lucrative profits in Middle Eastern market

Fuel and related energy sources have forced Gaza to increasingly rely on solar power as their main energy source (File Archive/Shutterstock)
February 26th, 2014 - 11:52 GMT

Inshallah, it's always sunny in Gaza: solar power becoming strip's main power source

Al Bawaba
February 26th, 2014 - 08:38 GMT

Beirut ranks 24th most expensive for office space

The target for that particular region (Middle East & Asia Pacific) numbers well into the 25 plus units across the range
February 26th, 2014 - 08:28 GMT

It certainly isn't the Arab Spring economies: Middle East buyers hold their weight in private jet purchases

Sudan is also subject to comprehensive economic sanctions since 1997 over terrorism charges as well as human right abuses.
February 26th, 2014 - 03:55 GMT

Time for a deal? Sudan discloses that $48.2m of its assets are frozen under US sanctions

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