ENOC's closing stations
ENOC (and its subisidiary EPPCO), who between them own 51% of the gas stations in the UAE, are set to start closing their gas stations. In the UAE, our fuel prices are set by the federal government and AED 4.00 (US$1.1) for 95-octane, and AED 4.75 (UUS$1.3) for 98-octane.
However, with current oil prices at $54 a barrel, ENOC is buying fuel at AED 6.75 a gallon, and is then forced to sell it on at a loss. They're currently losing AED 1.4 million a day.

While ENOC and EPPCO are asking for higher oil prices, I think we'll see the government start to subsidise their fuel prices. After all, the UAE does produce 20% of the world's oil.