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Dana unveils $554m project (Trade Arabia - 20/10/2010)

Dana Property Development has unveiled plans for Dana Gardens, a cluster of residential towers containing 3,500 apartments. The three million square foot project, located in the International Media Production Zone (iMPZ) on Al Khail Road in Dubai, will

Woqod posts QR856mn third quarter net profit,outlines expansion plan (Gulf Times - 19/10/2010)

Qatar’s fuel distributor Woqod has posted a net profit of QR856mn in the third quarter, up 30% on the same period last year. The company’s total assets stood at QR5.75bn in the third quarter, up 16% on Q3, 2009, Woqod vice-chairman and managing director

Dana Gas finance chief quits (Reuters - 17/10/2010)

UAE's Dana Gas said James Dewar, its group chief financial officer, is leaving the oil and gas company for personal reasons. A new CFO will be announced later, Dana said in a statement.

GIS reports Q3 gains of QR759mn (Gulf Times - 15/10/2010)

Slippages in earnings from aviation and drilling businesses saw Gulf International Services report a 13% dip in net profit to QR358.57mn in January-September 2010. Revenue from aviation and drilling businesses fell 7% to QR759.46mn but gross insurance

Nakilat Q3 profit jumps 50.4% to QR172.2mn (Reuters - 14/10/2010)

Third quarter profit at Qatar Gas Transport Co (Nakilat), the world’s largest shipper of liquefied natural gas (LNG), soared 50.4% yesterday but still trailed analysts’ forecasts as it ramps up delivery capacity. Profit at Nakilat, which carries LNG to

Falcon seeks to double its assets in Middle East (Gulf Daily News - 07/10/2010)

Swiss private bank Falcon, wholly-owned by Abu Dhabi fund Aabar Investments, expects to more than double its assets under management in the Middle East by tapping into the region's wealthy, its chief executive said. "Our focus on the Middle East began

Emirati firms to boost Kurdish Iraqi gas capacity (Arab News - 06/10/2010)

A pair of Emirati energy companies producing natural gas in Iraq’s northern Kurdish region say they expect to boost the output capacity there by 50 percent within two years. Dana Gas and Crescent Petroleum said Tuesday they are currently able to pump 200

Dana, Crescent gas output reaches 200 mcf (Business 24|7 - 06/10/2010)

Crescent Petroleum and affiliate Dana Gas have reached a production and processing capacity of 200 million cubic feet (mcf) of gas per day in Iraq's Kurdistan region, a company statement said on Tuesday. Last year Crescent and Dana Gas from the UAE

Dana Gas Delays Iraq Kurdistan Gas Target By A Year to 2012 (Bloomberg - 06/10/2010)

Dana Gas PJSC, Crescent Petroleum Co., Mol Nyrt and OMV AG will produce 300 million cubic feet a day of gas from its project in Iraq’s Kurdistan region in 2012, a year later than expected. The production rate is currently 200 million cubic feet a day,

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