- Image Credit: Atiq-ur-Rehman/Gulf News
- An Emarat fuel station in Sharjah. A local oil industry source said the move will allow the banks lending to Emarat to increase their ceiling on loans to Emarat.
Abu Dhabi: Billions of dirhams have been pumped into petrol products retailer Emarat, the UAE's official news agency WAM reported on Tuesday.
The company, also known as Emirates General Petroleum Corporation, has had its capital increased by 50 per cent to Dh9 billion.
The move was authorised by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, after a federal cabinet meeting yesterday.
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