Nakilat’s (Qatar Gas Transport Company) first-half net profit more than doubled to QR233.38mn mainly on QR498.56mn revenue from its wholly-owned vessels. Share of operating profits from joint ventures almost doubled to QR80.22mn and interest and dividend
Abu Dhabis Aabar Investments is taking a 32 per cent equity stake in the worlds first commercial spaceline - Virgin Galactic. And the company plans to build spaceport facilities in the UAE capital. To date, Virgin Galactic has been wholly owned and
Aabar Investments PJSC, the Abu Dhabi government-backed investor, will spend about $280 million for 32% stake in Virgin Galactic’s holding company.
Tourists could soon be travelling into space from Abu Dhabi after the Virgin Group and Aabar signed a deal on Tuesday that gives the capital regional exclusivity to host a spaceport. Aabar Investments, an Abu Dhabi government-owned company, will pay
Qatar Gas Transport Company (Nakilat) discloses the semi annual financial statements for the period ending June 30, 2009. The reviewed financial statements for the period ending June 30, 2009 revealed a net profit of QR 233.4 million in comparison to a
Qatar Gas Transport Company (Nakilat) posted a second-quarter net profit of QR179.29 million ($49.26 million), up 252.2 percent, according to Reuters calculations. The firm made a net profit of QR233.4 million in the first six months of the year compared
Al Maha petroleum has reported its preliminary results for H1FY09. The net profit reported in Jan-June 2009 was RO3.04 million compared to RO4.37 million reported in the same period of last year, a decrease of RO1.33 million (30 per cent). Sales have
Shell Oman Marketing has reported first half revenue of RO140.567 million, an increase of 10.7 per cent YoY. PAT for the first half increased marginally by 3.7 per cent to RO6.456 million from RO6.226 million. While the PAT margins improved marginally by
Aabar Investments PJSC, an Abu Dhabi government-backed investor, formed a joint venture with Austria’s Berndorf AG to invest in medium-sized technology companies and holders of real estate portfolios in Europe. Aabar will hold two-thirds of the stake in
Aabar Investments PJSC, an Abu Dhabi based company listed at the Abu Dhabi (UAE) stock exchange, and the Austrian based Berndorf AG have agreed to establish a joint investment company, ABAG Aktiengesellschaft, incorporated in Austria. Both, Aabar and
Germany’s luxury automaker Daimler Motors, which acquired about ten per cent shares in California-based electric car manufacturer Tesla Motors in May this year, has sold 40 per cent of its acquisition to Abu Dhabi’s Aabar Investments. The value of the
Daimler AG (stock-exchange abbreviation DAI) and its new major shareholder Aabar Investments PJSC (stock-exchange abbreviation AABR), of Abu Dhabi, have started their first joint strategic project with the sale by Daimler of 40 percent of its equity
Aabar wishes to announces that David Forbes has been appointed as a director of Aabar. David Forbes takes over from Alyazia Al Kuwaiti who resigned from her directorship today. H.E. Khadem Al Qubaisi, the Chairman of Aabar said: “I would like to place on
Dana Gas, the Middle East’s first and largest regional private sector natural gas company, has announced that production from the recently discovered Sondos gas field has delivered outstanding results. The Sondos field, found in the West El Manzala
Dana Gas, the Middle Easts first and largest regional private sector natural gas company, has announced that production from the recently discovered Sondos gas field has delivered outstanding results. The Sondos field, found in the West El Manzala
Nakilat and vessel charterer Qatargas Operating Company Ltd. announce the naming of four of the world’s largest LNG carriers at a naming ceremony celebration held at Daewoo Shipbuilding & Marine Engineering Co., Ltd. shipyard on Geoje Island, Korea. The
Qatar Gas Transport (Nakilat) announces that two of the world’s largest and most advanced Q-Flex LNG carriers were delivered to Nakilat and chartered on long term contract to Qatargas Liquefied Gas Company Limited (3), known as Qatargas 3, at Hyundai