18 Apr 2010
(MENAFN) WAM reported that petrol prices will jump by around 11 percent across the UAE as the government takes a first step towards liberalizing the tightly-controlled market, Reuters reported.
The move is a major policy change for the government, which has maintained its cap on petrol prices despite calls from oil companies to let them sell at normal commercial rates.
Emirates National Oil Co (ENOC) Chief Executive Saeed Khoury in January called on the government to let it sell petrol at international market rates because it was suffering losses in maintaining local subsidized fuel prices.
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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