Emarat's petrol supply problems may be at an end
The UAE federal government has increased the capital of Emarat to AED 9 billion (US $2.5 billion), allowing to it borrow more money from banks.
Emarat is allowed to borrow up to 50% of its capital value.
The increase in capital will allow Emarat to borrow more money to buy petrol, which it sells to customers at subsidised rates.
Emarat, along with Enoc and Eppco, has had problems paying suppliers, causing its petrol pumps to run dry in recent months.