A number of other things will also influence the auto industry this year. The most obvious being the expectation of a looming recession and rise in inflation in 2023. Whilst it is understandable this will impact the GCC, the effects won’t be felt here as strongly as in other regions,...
Egypt raises fuel prices in quarterly review
The country raised the price of a litre of 80-octance gasoline from EGP7.5 to EGP8 (US$0.424), a litre of 92-octance from EGP8.75 to EGP9.25 (US$0.49).
Summer break, Eid push up Saudi air ticket prices
The kingdom, which has 15 domestic airports, is witnessing a significant increase in the prices of domestic flights, ranging between 32% and 314%, a survey points out.
Fuel prices drive demand for hybrid vehicles in UAE
While some buyers are opting for smaller compact SUVs and electric vehicles, others are putting their purchase decisions on hold and looking at car rentals to save on mobility costs.
Saudi Arabia, UAE try to ease inflation pain of citizens
"A generous royal order was issued approving the allocation of financial support in the amount of SAR 20 billion (around $5.3 billion) to face the repercussions of rising prices globally," the official Saudi Press Agency highlighted. Roughly half that amount would come via direct cash transfers to social security beneficiaries.Top oil producers to discuss high crude prices
Analysts expect that this meeting will decide to boost output by 400,000 barrels per day in March, in line with their strategy to slowly re-open the taps since May last year.
Prices at pump soar in Lebanon after new subsidy cut
The cost of hydrocarbon fuels in Lebanon has now roughly tripled in the two months
Lebanon raises fuel prices to shore up forex reserves
Price 20 litres of 95-octane petrol shot up from $10.6 to $40.6 Lebanese officials blame smuggling to Syria, stockpiling for shortages Lebanon hiked fuel prices by more than 30 percent Tuesday as it reduced subsidies that have eaten away at the central bank's foreign currency reserves amid a painful economic...
