The United Arab Emirates said it would let domestic fuel prices move more freely in a politically sensitive reform that could save the government billions of dollars and begin reducing the country's love of gas-guzzling cars with big engines
The UAE has decided to deregulate fuel prices effective from August 1 and the country will adopt a new pricing policy linked to global prices.
The decision, related to gasoline and diesel, is aimed at supporting the national econo
The price of diesel for domestic consumption will almost double in three years - up from 100 fils ($0.26) at present, Bahrain’s National Oil and Gas Authority (Noga) announced yesterday (December 19).
Diesel would be sold at
Middle East and Africa based airlines grew 14.7 per cent and 7.1 per cent respectively in 2012, supported by the development of trade between Asia and Africa, said the director general and CEO of the International Air Transport Association.
Low-cost carrier Air Arabia has delayed plans to establish a hub in Jordan due to regional unrest and soaring fuel prices, the airline's CEO said on Tuesday.
'With the current environment, we have delayed the Jordan plans...