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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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Bank Muscat
May 26th, 2013 - 09:50 GMT

Two of Bahrain biggest banks to merge soon

Issuance in the first quarter of this year was up by two per cent against a year ago
May 26th, 2013 - 09:46 GMT

Gulf debt securities issuance recovers in Q1

World Economic Forum 2013 in Jordan
May 26th, 2013 - 05:00 GMT

World Bank sets up $400 facility to help SMEs in MENA

Central Bank of Oman
May 26th, 2013 - 04:00 GMT

Weak tendering slows Oman credit growth in Q1

National Bank of Abu Dhabi
May 26th, 2013 - 04:00 GMT

Investors rush to subscribe to Abu Dhabi National Bank

Juba accused Khartoum of instructing oil companies to stop production from some oil fields
May 23rd, 2013 - 11:02 GMT

Oil flows again from South Sudan through Sudan

It did not say how much currency it actually sold
May 23rd, 2013 - 10:57 GMT

Egypt manages through the bottleneck, 2nd currency auction succeeds

Jordanin Police keep guard as Syrian refugees look on at the King Abdullah Refugee Camp for Syrian refugees 2 kilometers from the Syrian border  (Photo by Chris Jackson/Getty Images)
May 23rd, 2013 - 10:47 GMT

Another $150 million loan to Jordan from World Bank

The oversubscription of the issue demonstrates increasing investor appetite for sukuk
May 23rd, 2013 - 10:45 GMT

Bahraini bank $750m sukuk programme dubbed big success

West Texas Intermediate (WTI) fared a little better
May 23rd, 2013 - 10:00 GMT

Crude prices fall to a 10-months low

Thomson Reuters and ICD announce the joint development of the Islamic Finance Development Indicator. Ahmad Mohamed Ali, president of the IDB Group, center, looks on.
May 23rd, 2013 - 05:00 GMT

Development Bank increases capital three folds to $150 billion

The bus depot will redefine the bus service sector in Abu Dhabi
May 23rd, 2013 - 04:00 GMT

$47 million bus terminal coming to Abu Dhabi

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