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Adnoc accelerates 2030 ambitious growth strategy
(Khaleej Times - 28/02/2018)

The Abu Dhabi National Oil Company, also known as Adnoc, is making smarter use of capital to fund an ambitious growth plans and accelerate delivery on the goals of its 2030 strategy, says Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and chief

Adnoc signs agreement with Japan’s INPEX
(The Gulf Today - 27/02/2018)

The Abu Dhabi National Oil Company, Adnoc, has signed an agreement with Japan’s INPEX Corporation awarding the company a 10 per cent interest in Abu Dhabi’s offshore Lower Zakum concession. A wholly-owned INPEX subsidiary, JODCO Lower Zakum Limited, will

Nakilat posts QR847m net profit
(The Peninsula - 26/02/2018)

Nakilat recorded a net profit of QR847m for the year ended December 31, 2017. The earnings per share attained in 2017 was QR 1.53. During the year, Nakilat successfully deployed the company’s strategic plans towards maintaining its global leadership in

Dana Gas repeats challenge to English court sukuk ruling
(The National - 20/02/2018)

Dana Gas will again challenge an English court judgment handed down in November against the company, as part of a widely-watched dispute with creditors over the non-payment of $700 million worth of sukuk.<br/><br/> The Sharjah-based gas operator will

Dana Gas creditors say they expect full repayment after court ruling
(Gulf News - 16/02/2018)

Holders of $700 million of Islamic bonds issued by UAE-based Dana Gas expect to recover all the money owed to them under the bonds’ original documentation, a committee representing the holders said on Thursday.<br/><br/> The committee issued its

Dana Gas creditors reject new proposal to restructure $700m sukuk
(Gulf News - 14/02/2018)

Creditors of Dana Gas have rejected a new proposal by the company to restructure its $700 million of Islamic bonds and are waiting for improved terms, two sources familiar with the matter said on Tuesday.<br/><br/> Dana refused to redeem its sukuk when

Dana Gas posts $83m FY profit
(Trade Arabia - 12/02/2018)

Dana Gas, the Middle East’s largest regional natural gas company, reported full year 2017 gross revenue and net profit of $450 million and $83 million respectively as compared to $392 million and net loss of $88 million, respectively, in 2016.<br/><br/>

GIS posts 27% growth in net profit
(The Peninsula - 08/02/2018)

Gulf International Services (GIS), the largest services group in Qatar, has reported a net profit of QR85m for last financial year ended December 31, 2017, up by 27 percent compared to previous year.<br/><br/> The total revenue of the Group reached

Goldilocks announces 5.21% stake in Dana Gas PJSC
(Press Release - 07/02/2018)

Goldilocks Investment Company Limited (“Goldilocks”) today announced its current holding of 5.21% stake in Dana Gas PJSC (“Dana Gas”). <BR Goldilocks is encouraged by Dana Gas’ positive operational performance and improving financial condition.

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