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UAE’s Dana Gas leaves maturing sukuk unpaid but no default declared
(Reuters - 31/10/2017)

United Arab Emirates energy producer Dana Gas will not redeem some $700 million of its Islamic bonds when they mature on Tuesday as a dispute on the validity of the sukuk drags on in British and UAE courts, sources familiar with the matter told Reuters.

Dana Gas Is Said to Miss Payment on $700 Million Sukuk Today
(Bloomberg - 31/10/2017)

A Middle Eastern energy company that has questioned the lawfulness of its own sukuk won’t settle the $700 million worth of debt owed to investors, according to people familiar with the matter. Dana Gas PJSC, the Sharjah, United Arab Emirates-based energy

Nakilat posts 9-month profit of QR607mn
(Gulf Times - 23/10/2017)

Nakilat (Qatar Gas Transport Company) has reported a net profit of QR607mn in the first nine months of this year. The board of directors noted that Nakilat’s strategic long-term charters for its liquefied natural gas vessels (LNG) have ensured a “stable”

Nakilat records QR607m profit for first 9 months
(The Peninsula - 23/10/2017)

Nakilat recorded a net profit of QR607m for the first nine months of the year, compared to QR749m reported a year ago. The lower profit was mainly attributed to the effect of changing the estimated scrap value of vessels in accordance with applicable

Nakilat holds Qatar Project Shipping Forum in London
(The Peninsula - 19/10/2017)

Nakilat organised a two-day Qatar Project Shipping Forum (QPSF) in London that concluded yesterday. The 22nd session of the bi-annual forum gathered Nakilat’s joint venture partners, ship operators and charterers to discuss numerous matters concerning

London court adjourns Dana Gas sukuk trial
(Arab News - 15/10/2017)

A London High Court judge has adjourned hearings on whether the UAE’s Dana Gas must redeem $700 million of Islamic bonds when they mature at the end of this month, sources familiar with the matter said on Friday. High Court judge George Leggatt is

UAE court postpones judgment at Dana Gas sukuk hearing
(Reuters - 04/10/2017)

A judge at a United Arab Emirates court has postponed a ruling on whether $700 million of Islamic bonds issued by Dana Gas are valid, a source close to the matter said on Wednesday. In a dispute with potential implications for issuers and holders of

Qatargas achieves premier safety milestone
(The Peninsula - 04/10/2017)

Qatargas recently achieved an exceptional safety milestone with the completion of 50 million man-hours without a lost time injury. This premier achievement is a reflection of Qatargas’ rigorous and systematic approach to identifying and eliminating

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