17/05/2018 02:51 AST

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.


Gulf News

Dana Gas receives $44m from Kurdistan ops

09/07/2018

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 (

Trade Arabia

Dana Gas says investments in Abraaj funds valued at $6m

28/06/2018

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.

The company

Gulf News

Dana Gas gets $40m payment from Egypt

29/05/2018

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

Trade Arabia

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Bank Nizwa participates in Malaysia industry event

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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

Emirates NBD stands chance to renegotiate Denizbank acquisition

14/08/2018

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

Gulf News

Eshraq reports best half-year since 2014

14/08/2018

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

Gulf News

Damac and RHG to launch Radisson Hotel

14/08/2018

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

Adnoc Distribution net profit up 18pc in H1

14/08/2018

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

Trade Arabia