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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 13th, 2014 - 01:00 GMT

Makes perfect sense! The IMF is unbelievably optimistic about Iran's economic prospects

In 2013, Doha airport has registered a year-on-year growth every month
February 13th, 2014 - 08:55 GMT

And it's only about to get better, Doha enjoying record airport traffic

Al Bawaba
February 13th, 2014 - 08:46 GMT

Evidence in the numbers: Oman tourism growth in double digits

Al Bawaba
February 13th, 2014 - 08:31 GMT

Does the Gulf need a plan for its plan? Pensions to reach $5 trillion by 2020

Al Bawaba
February 13th, 2014 - 07:55 GMT

Lebanese to rake in billions of liras from....oil?

The Clean Fuels Project is a specification upgrade and expansion of Kuwait’s largest refineries as part of the Gulf state’s economic development plan, which has faced delays partly due to political instability.
February 13th, 2014 - 03:55 GMT

Kuwait ready to splurge $12 billion on upgrading its refiniries

The European Parliament is expected to vote for this agreement in April.
February 13th, 2014 - 03:55 GMT

European Commission approves Schengen visa exemption for Emiratis

By 2020, four nuclear plants will be generating up to a quarter of the nation’s electricity supply.
February 12th, 2014 - 05:33 GMT

All set for 2020, UAE gets approvals on additional nuclear plants

OPEC’s report comes a day after the U.S. government’s Energy Information Administration raised its 2014 world oil demand growth forecast by a similar increment.
February 12th, 2014 - 05:12 GMT

Who will win and who will lose? OPEC raises 2014 oil demand forecast

The suspension of western economic aid to Egypt, which is relatively small compared to the financial assistance that Gulf countries provide, will lead the country to turn to the East, reducing Western influence,
February 12th, 2014 - 05:02 GMT

No catching up to the Gulf! The catch 22 facing Western donors to Egypt

Al Bawaba
February 12th, 2014 - 02:00 GMT

Corruption in Construction? You won't belive how much Saudi Arabia is losing annually on stalled projects

Al Bawaba
February 12th, 2014 - 01:00 GMT

Egypt ends 2013 tourism year on "dismal note"

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