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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 12th, 2014 - 10:55 GMT

A futuristic leap? Citizens can now pay for all bills online, says Jordanian Central Bank

The Mina Abdullah I refinery package will be executed by a consortium of Samsung Engineering (43 per cent), UK’s Petrofac(47 per cent) and CB&I Netherland B.V.(10 per cent)
February 12th, 2014 - 08:39 GMT

Consortium to save Kuwait's struggling refineries revealed

Despite the chilly relations between the Israeli and Turkish governments and the halt in defense deals, Israeli export of goods to Turkey rose to $4.9 billion in 2013 from $3.5 billion in 2012.
February 12th, 2014 - 03:55 GMT

The not-so-public friends: Erdogan 'really, really wants' Israeli Leviathan gas

"I am unaware of any such talks, and I have no idea where the media found this,"Viber Media Inc. CEO Talmon Marco said.
February 12th, 2014 - 03:55 GMT

Time for an Arab takeover of the Israeli venture? Rumor has it that Viber hired Goldman Sachs to help it sell itself

In a bid for UAE residents to feel totally secure, the agenda includes reducing the response time for emergency calls to four minutes.
February 12th, 2014 - 03:55 GMT

Long distance parenting? UAE app to allow parents to "keep track of children"

There is a discrepancy between the reliefs implemented by the US and by the EU regarding insurance of crude oil transportation.
February 11th, 2014 - 10:09 GMT

Finally! US takes extra measures to clarify its position on Iranian sanctions once and for all

In Egypt, The number of people living below the poverty line increased to 26.3% of the population in 2012/2013 compared to 25.2% in 2010/2011.
February 11th, 2014 - 09:48 GMT

World Bank reveals ME's seven most vulnerable economies, and Egypt takes the lead

Al Bawaba
February 11th, 2014 - 04:54 GMT

Swiss secrecy luring more Middle East investors

Intense cold conditions in Tabuk and Northern Border areas and rains in Baha, Taif and Madinah, which are the main vegetable-producing areas, have triggered the price hike.
February 11th, 2014 - 03:21 GMT

Okra troubles: Cold weather causes Saudi Arabia's vegetable prices to soar

UAE is awarding $1 million for the winning design of the UAV that will be used to deliver government services (File Archive)
February 11th, 2014 - 02:04 GMT

Stand up and fly right: UAE announces $1 million competition for unmanned airplane designs

Egypt's second stimulus released this week will inject $4.87 billion into the economy (File Archive/Shutterstock)
February 11th, 2014 - 01:38 GMT

Deficit and development projects target of Egypt's second stimulus disbursed this week

Qatar will build five stadiums for the 2022 World Cup (File Archive)
February 11th, 2014 - 01:11 GMT

Let the games--err, the building for the games--begin! Qatar commences work on FIFA stadiums

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