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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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Iraq is poised to triple its crude oil output from three million barrels per day to nine million by 2020.
January 30th, 2014 - 08:03 GMT

Beware Saudi Arabia! Iran, Iraq plan to join forces and crash the world's oil market

The ban on investing in the firms revived a three-year prohibition on them that the Government Pension Fund of Norway had dropped in August last year.
January 30th, 2014 - 07:43 GMT

Can we say we have a trend here? World's largest sovereign wealth fund blacklists two Israeli firms over settlement activity

Al Bawaba
January 30th, 2014 - 12:01 GMT

Mmm! Arabian perfume company spreading sweet scents to UK audiences

Al Bawaba
January 30th, 2014 - 10:50 GMT

Saudi is giving how much aid funding to Egypt?!?!

India and Bahrain have a trading relationship that stretches back thousands of years
January 30th, 2014 - 09:55 GMT

Bahrain seeking to bolster India trade

Based on the education sector’s historical growth over the last 10 years, 110 new schools are expected to enter the market in the next seven years
January 30th, 2014 - 08:55 GMT

Not just a construction boom! Schools in Dubai to grow by 70% in less than a decade

Despite the crackdown, some street vendors return after GAM inspectors leave, according to Ebbini, who said GAM teams do what they can to cover all parts of the capital.
January 30th, 2014 - 03:55 GMT

Jordan declares war on street vendors

During the last 10 days, Egyptians have reported regular electricity cuts, the second wave of its kind this winter.
January 29th, 2014 - 10:42 GMT

Fuel supply shortages put Egypt in a 'dark place'

All but one of the 142 passengers, who included dozens of French nationals, and 11 crew members, died in the disaster in the Indian Ocean as the craft tried to land in the Comoros capital Moroni.
January 29th, 2014 - 09:46 GMT

Can you call an airline a 'murderer'? Apparently yes! France charges Yemen airlines with 'manslaugher'

The Nitaqat system, a scheme that penalises companies based on the percentage of its expatriate employees
January 29th, 2014 - 09:12 GMT

Calling it by its name? Saudi shoura council calls nitaqat system a 'failure'

Gül is currently in Italy for a three-day official visit with a large delegation.
January 29th, 2014 - 04:00 GMT

A tad childish? Turkey's president to Europe, "our economy is more stable than yours"

The Dubai Expo 2020 event will require AED39.23  billion ($10 billion) of investment to develop all of the required facilities and host the event
January 29th, 2014 - 03:43 GMT

We all knew it was gonna take billions, but Dubai finally puts a price tag on the Expo 2020

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