Bahrain has no timescale for implementing fuel price rises announced late last year even though its public finances are under increasing pressure, said a top official.
The National Oil and Gas Authority said in December that it wo
Jordan's Prime Minister Fayez al-Tarawneh said on Sunday his government planned price rises soon for some essentials to prevent a spiralling budget deficit from passing $4 billion this year and further damaging the kingdom's sluggish econo
Bahrain's government will not spare any efffort to improve citizens' standards of living under the prosperous era of His Majesty King Hamad, HRH the Premier pledged last night.
He thanked His Majesty for his royal directives to pay BD1,000
Gasoline prices in Iran will rise sharply in the coming weeks as the government cuts subsidies on essential goods, an official said, telling motorists the biggest in the first phase of cuts would be in car fuel.
Iranians are nervously wait
The oil market could get a boost from rising petrol consumption, which is pushing up the international price of the fuel, Iran's Opec governor has said.
'Market information indicates the price of petrol in international markets is
Bahrain will make public the outcome of a probe into why two soft drinks giants raised their prices here by 50 per cent, officials have revealed.
Industry and Commerce Ministry officials have been studying Coca Cola and Pepsi's account
Saudi Arabia's newly-formed Consumer Protection Association urged authorities on Monday to force merchants to cut prices of products and services.
'Wholesalers and retailers in the kingdom must respond to what happened globally in
Dow Chemical Co, the biggest US chemicals manufacturer, said on Tuesday it will raise prices for its products by as much as 25 percent.
The company will also institute freight surcharges and cut back on output of some products because of s
Annual inflation in Saudi Arabia accelerated to 4.4 percent in August, its highest in at least seven years, as rents and food costs surged, data from the Central Department of Statistics showed on Wednesday.
Inflation in the world's larges
The UAE-based Al Rawabi Dairy Company has decided to increase prices of its products, according to a report.
The price rise is despite an earlier price hike attempt being rebuffed by the Ministry of Economy in March, said the Gulf News rep