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Dana Gas said on Wednesday it has received a dividend payment of $22.75 million from Pearl Petroleum in proportion of the company’s shareholding.
“This brings the total dividend payments received from Pearl Petroleum for the year to date to $36.75 million,” the company said in an emailed statement. Dana Gas reported a 27 per cent increase in net profit to $14 million (Dh51.42 million) in the first quarter of the year compared to $11 million reported during the same period last year.
Dana Gas, a leading natural gas company, has received $43.75 million in the first half of 2018 as dividends from Pearl Petroleum Company for condensate and LPG sales in the Kurdistan Region of Iraq (
Dana Gas said on Wednesday that it holds $6 million (Dh22 million) in investments in Abraaj Infrastructure Fund, a fund managed by an affiliate of Abraaj Investment Management.
Dana Gas, a leading regional natural gas company in the Middle East, has received $40 million from the Egyptian government towards paying down its receivables.
With this payment, the Emira
Bank Nizwa, represented by two of its Board Members, Sami Al Dhugishi and Ishaq Al Maouli along with Chief Executive Officer, Khalid Al Kayed, participated in the 2nd Islamic Financial Services Board
Times of Oman
The sharp decline of the Turkish lira in recent weeks has triggered speculation in banking circles that Emirates NBD stands a chance to renegotiate its deal to acquire Denizbank as the valuation has
Abu Dhabi-listed Eshraq Properties reported a first-half net profit of Dh14.8 million, compared to a loss of Dh0.32 million in the first half of 2017. The property firm said in a press statement that
Damac Properties has signed a landmark agreement with Radisson Hotel Group (RHG) to develop and launch the ‘Radisson Hotel, Dubai Damac Hills’, its first, newly launched Radisson-branded property wor
The Gulf Today
Abu Dhabi National Oil Company for Distribution (Adnoc Distribution) has reported that net profit for the six months ended June 30, 2018, increased by 18 per cent to Dh1.124 billion ($306 million) co