Bahrain and other Gulf countries are planning new legislation to curb fuel smuggling.
Smuggling of fuel, including diesel, petrol and other products, is frequent across borders where different levels of fuel subsidies create price
Falling world oil prices will hurt countries across the Middle East unless Saudi Arabia, the world's biggest crude exporter, takes action to reverse the slump, Iran's deputy foreign minister told Reuters.
Hossein Amir Abdo
Abu Dhabi National Oil Company (Adnoc) will act to stop the selling-on and smuggling of diesel sold at its stations, pan-Arab newspaper al-Hayat said.
The move was aimed at preventing diesel from its pumps being sold on to other areas with
A new environment bill that will introduce penalties and incentives for Bahrain's industries could be introduced next year.
The law, proposed by the government, has already been approved in principle by parliament, which has yet to rev
Kuwait's troubled Global Investment House plans to shut some branches abroad and scale back investments as it faces the global economic downturn, its managing director said.
'It's not the time to have branches in 16 countries.
Dubai has banned raising rents of residential and commercial units in 2009 unless rent values were less than 75 per cent of an average set by the property regulator, the official Wam news agency reported.
'The decree is intended to cur
The Egyptian central bank said on Friday it raised its key overnight interest rates for the third time this year to contain inflation expectations after recent government decisions to raise the prices of fuel and cigarettes.
The monetary p
Industries Qatar's steel unit is freezing prices for the next three months to help the government fight inflation, the company's general manager said in remarks published on Wednesday.
'Aligned with the government efforts to curb the curre
A grouping of the world's top greenhouse gas emitters on Sunday backed UN-led efforts to forge a global pact to fight climate change but disagreed on a sectoral approach to curb emissions from industry.
G20 nations ranging from top carbon
Qatar could lower a cap on rent increases that landlords can charge by three percentage points to 7 per cent, the local Peninsula newspaper reported on Tuesday, citing a lawyer who said he had seen draft legislation.
The cap now is a maxim