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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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Italy will help carve out a free trade agreement between the GCC and EU
February 3rd, 2014 - 08:17 GMT

Italy is 'full of hope' when it comes to a partnership with the GCC

Turkey Exporters Assembly (TİM) head Mehmet Büyükekşi told reportes on Saturday that this figure is a record for the history of Turkish republic.
February 3rd, 2014 - 03:55 GMT

What crisis? Turkey's exports spiked 10% in January

The trades “lost substantially all of their value” during the crisis and expired worthless during in 2011, the fund alleges.
February 2nd, 2014 - 06:39 GMT

Should the law protect fools? Libya to sue Goldman Sachs for $1 billion claiming employees' naivety

The Egyptian economy has shrunk in the wake of the January 25 revolution due to the lack of security and political stability, said Al-Humaidhi.
February 2nd, 2014 - 06:08 GMT

One of many suitors, Kuwait ready to splurge on Egypt

$4.2 billion of Iranian frozen assets would be released in eight stages and Tehran
February 2nd, 2014 - 12:55 GMT

Breaking the ice: Iran receives first installment of $4.2b frozen oil revenue

OPEC reported its lowest output in over two years in December 2013 (File Archive)
February 2nd, 2014 - 12:00 GMT

Thank you Libya? Why OPEC's output is finally on the rise after December low

Al Bawaba
February 2nd, 2014 - 11:00 GMT

Older, but not wiser: Lack of trained UAE healthcare workers' increasing concern for growing elderly population

Oman has the main ingredients to be not only an international player, but also a hub for trade and transit
February 2nd, 2014 - 08:59 GMT

Oman to become a major player in global trade, says WTO chief

While Abu Dhabi is known for attracting business tourism, it is increasingly becoming a destination for leisure tourism as well (File Archive)
February 2nd, 2014 - 08:44 GMT

Not just business: Why leisure tourists are flocking to Abu Dhabi

Of the 2.228 million bpd exported in January, 2.036 came from Basra and 192,000 from Kirkuk,
February 2nd, 2014 - 04:55 GMT

Blaming pipelines, blaming Kurdistan?Iraqi crude oil exports hit new low

According to the McKinsey Global Private Banking Survey 2013, the total high net worth wealth in the Middle East is predicted to increase by $3.3 trillion by 2014.
February 2nd, 2014 - 04:11 GMT

World's most luxurious superyachts coming to the GULF

During Erdogan’s stay, Iran and Turkey signed a number of agreements, including a preferential trade agreement, which can dramatically increase the trade ties between the two countries.
January 31st, 2014 - 12:26 GMT

Talk about preferential trade: Khomeini says Turkey, Iran are enjoying 'best relations in history'

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