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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 marks the first rise in foreign reserves since last August.
February 9th, 2014 - 03:55 GMT

Who needs Qatar now? Egypt's reserves up for first time in six months

China's military expenditure had increased by some 40 percent since 2010, raising it to an estimated $112 billion.
February 6th, 2014 - 06:39 GMT

Is a Middle Eastern arms race in the cards? Saudi Arabia surpasses the UK as world's fourth biggest military spender

The statistics showed that more than 2 million tourists visited South Sinai and the Red Sea during the first quarter of 2013.
February 6th, 2014 - 04:57 GMT

Inshallah! Egypt's tourism industry regaining momentum

The action plan includes projections for growing demand on electricity
February 6th, 2014 - 01:55 GMT

UAE to draft new energy policy

Jordan’s oil imports from Iraq represent around 10 per cent of the Kingdom’s daily needs
February 6th, 2014 - 12:55 GMT

More trouble for the energy-drained Kingdom: Iraqi oil exports to Jordan halted

Al Bawaba
February 6th, 2014 - 12:00 GMT

Saudi dropping one big dime to build new industrial city in Kingdom

Several global automakers have reportedly been considering proposals to set up plants to manufacture cars in the kingdom
February 6th, 2014 - 10:03 GMT

Going to the source: China studying plan to build cars in Saudi Arabia

Tourism, one of Lebanon's biggest industries, has plummeted over the past three years (File Archive)
February 6th, 2014 - 08:36 GMT

One frightful forecast for Lebanon's economy, according to January data

Etihad will now fly to seven global regions with the addition of Africa Sub-Sahara and Indian Ocean (File Archive)
February 6th, 2014 - 08:18 GMT

Hey Africa! UAE's Etihad Airways to open new sales region in Sahara continent

The scheme, launched this week, is open to all ADIB customers and comes at no extra charge.
February 6th, 2014 - 03:55 GMT

Yes, this is real! Abu Dhabi bank to offer free job loss cover

The Gulf Arab state is spending billions of dollars in areas such as transport, electricity and water generation and housing,
February 6th, 2014 - 03:55 GMT

Qatar reveals $205 billion worth of infrastructure projects it has under its sleeve

On narrow-body planes, both the Airbus A320neo and the Boeing 737 MAX are being considered, he said.
February 6th, 2014 - 03:55 GMT

With more privatization to come, Saudi Arabian airlines announces two IPO's

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