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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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"This is an equitable outcome for all parties," said BAE Systems chief executive Ian King.
February 19th, 2014 - 05:00 GMT

Anything to maintain the long-standing 'cooperation': UK, Saudi Arabia reach price deal on Eurofighter jets

The ministry has offered 40000 feddan (16.800 hectares) to investors by the end of February with 20 percent (8000 feddan) allocated to locals in a closed bid.
February 19th, 2014 - 11:47 GMT

Planting the seeds of harmony? After much dispute, Egypt allots Sinai locals agricultural land

The ministry documented over 8,600 different violations in all companies visited by its inspectors
February 19th, 2014 - 08:36 GMT

Saudi labor ministry records 13,000 post-amnesty violations

Al Bawaba
February 19th, 2014 - 08:25 GMT

Jordan's tourism lure put to the test in 2013

The rental gap between properties location ‘off-island’ and those in ‘on-island’ locations remained firmly intact
February 19th, 2014 - 08:02 GMT

It's contagious! Abu Dhabi residential rents record substantial increase

Gul said he gave his approval for the Internet law after the government said it would push through parliament amendments of the legislation in response to the president’s concerns regarding two articles in the law.
February 19th, 2014 - 03:55 GMT

A step backwards: Turkey passes law to tighten internet usage

The energy shortage problem facing factories will continue this year and the next year, Abdel Nour said.
February 19th, 2014 - 03:55 GMT

Problem solved? Egypt announces construction of 35 new industrial cities

KIPCO, a regional investment house with stakes in media, industrial, financial and real estate companies, said in June it was planning an initial public offering of OSN, which it said on Tuesday had nearly one million subscribers.
February 18th, 2014 - 08:32 GMT

Profiting off people's boredom? Cable television brings Kuwait's KIPCO profits up 75%

The master-planned communities will feature landscaped central parks, mosques, educational institutions, healthcare centres, children’s play areas and community centres and will be designed by international architects.
February 18th, 2014 - 08:27 GMT

Emaar and Abdul Latif Jameel come together to introduce master-planned communities

Al Bawaba
February 18th, 2014 - 06:13 GMT

No economy seats on this flight! Qatar Airways to launch business-only travel

The new online platform lets investors track gold prices round-the-clock and manage their metal investments (File Archive/Shutterstock)
February 18th, 2014 - 06:03 GMT

Going for the gold-and silver: Doha opens online metal trading platform

The project will create a lot of jobs, which is fantastic for Bahrain in general
February 18th, 2014 - 08:55 GMT

Bahrain's new mall expected to create 300 jobs

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