According to a press release published on Fitch Rating website on Wednesday 29th August 2012, the fitch ratings affirmed Nakilat Inc's ratings, USD850m Series A senior secured bonds due 2033: affirmed at 'A+'; Outlook Stable and USD291m Series A
Emirates National Oil Co. (ENOC) has teamed up with Saudi fuel retailer Aldrees Petroleum & Transport Services Company (Aldrees), to build at least 40 service stations in the Kingdom, the companies said yesterday, in a deal the Dubai-government owned
Emirates National Oil Co. (Enoc) has teamed up with Saudi fuel retailer Aldrees to build at least 40 service stations in the Kingdom, the companies said. Enoc has formed a 50:50 joint venture with Aldrees Petroleum, which enjoys healthy sales margins
Aldrees Petroleum & Transport Services Co. (ALDREES) announced the signing of a Joint Venture (JV) agreement with Emirates National Oil Company (ENOC) on Tuesday, 28 August 2012, to establish a limited liability company, with an initial capital of SR 45
Woqod (Qatar Fuel Company), which is currently involved in implementing more than 45 projects, has reported a 6% decline in net profit to QR561.05mn in the first half of this year despite buoyant revenues. “The decrease in profit is due to the completion
Dana Gas Company, which has a $1 billion Islamic bond maturing in October, on Monday said its quarterly profit rose 46 per cent helped mainly by lower income tax expenses. Abu Dhabi-listed Dana, which has operations in the UAE, Egypt and Kurdistan,
Dana Gas and its biggest shareholder and partner, Crescent Petroleum, invested $963 million in the Kurdish region of Iraq by the end of June. Abu Dhabi-listed Dana Gas and Sharjah-based Crescent Petroleum said they are in discussions with the Kurdish
Gulf International Services has reported a 40% expansion in its first half net profit to QR196.49mn mainly on robust revenues, especially from aviation and drilling as well as insurance.Revenue rose 24% to QR886.95mn. Revenue from aviation and drilling
Aabar Investments will make one of the biggest ventures in the region as it is leading a trio that is setting up Oman’s first Islamic bank. Al Izz Islamic Bank, which is under formation, is being jointly promoted by Abu Dhabi’s Aabar, Oman’s Huriah