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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
February 23rd, 2014 - 03:55 GMT

Bahrain and the seven deals: India signs record agreements to increase ties with the Kingdom

Al Bawaba
February 22nd, 2014 - 11:32 GMT

Making sure to gets its peice of the pie:China to send delegation of 110 traders to Iran next month

The Tamar partners will sell the gas over 15 years starting 2016.
February 20th, 2014 - 08:05 GMT

In attempt to escape Egyptian gas disruptions, Jordan seals $500 million gas deal with Israel

At the start of 2014, Iraq has become one of the world’s fastest-growing emerging markets, offering huge opportunities for those fast and flexible enough to gain a foothold
February 20th, 2014 - 07:53 GMT

Grand expectations: aiming to become the world's fastest growing economy, Iraq commits to $145 billion worth of oil projects


The value of the deals was not disclosed but local media put the figure at around $4.0 billion (2.9 billion euros).
February 20th, 2014 - 07:41 GMT

The end of stinginess and lack of safety scandals? Loss-making Kuwait Airways finally orders new airplanes for first time in 20 years

The Kingdom, the world’s largest crude exporter, shipped 7.54 million barrels a day on average last year, up from 7.41 million barrels a day in 2012.
February 20th, 2014 - 07:33 GMT

Wait until Iran joins in: Saudi oil production hits 12 year high

To cope with the increasing number of visitors, the Saudi government has outlined a plan to invest more than $30 billion in its airports by 2020.
February 20th, 2014 - 05:16 GMT

A worthwhile endeavour? Saudi Arabia to inject the equivalent of a whole country's GDP into its tourism sector

Al Bawaba
February 20th, 2014 - 08:09 GMT

Another (expensive) milestone for Mark: Facebook to acquire WhatsApp

The expansion plan is also estimated to create 500 new jobs
February 20th, 2014 - 03:55 GMT

Jordan's Phosphate Company to get $1.55 billion make-over

Al Bawaba
February 20th, 2014 - 03:55 GMT

Sharing the passion! Dubai's Mashreq releases World Cup themed Visa cards

Al Bawaba
February 20th, 2014 - 03:55 GMT

It's not all glamour: Dubai to roll over maturing $10 billion debt it still owes from crisis days

Malaysia was followed by the UAE, Turkey, Indonesia and Saudi Arabia in this year’s rankings for halal-friendly holiday destinations.
February 19th, 2014 - 05:25 GMT

Who said 'fun' and 'halal' don't go together? UAE, Saudi Arabia rank among top 'halal holiday' destinations

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