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Free Fuel for everyone?  Iran's bold move to beat a gasoline crisis
August 7th, 2026 - 11:33 GMT
Osama Ali

Osama Ali

Free Fuel for everyone? Iran's bold move to beat a gasoline crisis

ALBAWABA- Iran has started a statewide program to provide free compressed natural gas (CNG) to owners of dual-fuel cars, in a move aimed at reducing gasoline usage and relieving the growing pressure on the country’s fuel resources. The scheme, launched by the National Iranian Oil Refining and Distribution Company (NIORDC), allows eligible drivers to fill their vehicles free of charge at over 1,000 participating CNG stations around the country. The ...
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Mubadala and RDIF are each committing $1 billion
June 24th, 2013 - 05:23 GMT

Russian Direct Investment Fund and Mubadala establish co-investment fund

Last August, the IMF approved a $6.2 billion precautionary line of credit for Morocco over two years while urging reforms of its subsidy and pension systems
June 23rd, 2013 - 12:19 GMT

Morocco to begin cutting subsidies in two weeks

All 11 economists in a Reuters survey had forecast that the bank would keep rates unchanged
June 23rd, 2013 - 11:10 GMT

Egypt’s Central Bank keeps rates on hold

Artificially low government-controlled prices typical across the energy-rich Gulf region have discouraged new projects needed to meet its rapidly rising demand for natural gas
June 23rd, 2013 - 10:45 GMT

BP agrees retail price for hard-to-pump Oman gas project

Spot gold was down 4 per cent at $1,296.60 an ounce at 1454 GMT
June 23rd, 2013 - 10:44 GMT

Gold hits 2 1/2 year low as Fed signals an end to easy money

Jebel Ali Free Zone FZE's (JAFZ)
June 23rd, 2013 - 10:34 GMT

Fitch affirms Jebel Ali Free Zone FZE at B+

First Gulf Bank building
June 23rd, 2013 - 09:20 GMT

First Gulf Bank acquires Dubai First

The rial was trading at around 33,300 per dollar
June 23rd, 2013 - 05:19 GMT

Iranian rial climbs 10 percent as hopes grow over economy

The GCC economies would continue to benefit from high oil prices
June 23rd, 2013 - 05:00 GMT

GCC economies set to grow at 5.6 per cent in 2013

Qatar foreign trade saw rise according to figures
June 20th, 2013 - 10:00 GMT

Qatar foreign merchandise trade surplus up 2.2 per cent in April 2013

Offshore drilling site
June 20th, 2013 - 09:03 GMT

UAE-owned Adma-Opco awards $766 million contract to local firm

Tunisia's national flag
June 20th, 2013 - 09:00 GMT

Tunisia may delay Sukuk issue to next year

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