The company’s revenue for the first six months stood at Dhs664 million. WAM
Dana Gas on Tuesday announced it has commenced drilling operations yesterday at its Dana Gas begins drilling at Merak-1 well, offshore Egypt. The location is in 755 metres of water in the North El Arish concession, also known as Block 6. This block is in the Eastern Mediterranean
Sharjah-based Dana Gas’ net profit jumped 483 per cent to $140 million (Dhs513 million) in first half of 2019 compared with $24 million (Dhs88 million) in the same period last year.
Dana Gas has robust operations and cash flows since a large part of the company’s revenue comes from long-term gas contracts rather than oil, whose price is largely uncorrelated to oil.
Dana Gas has announced that natural gas currently constitutes 75 per cent of the company’s production, which is sold under long term gas sale contracts with host governments at prices which are unaffected by falling oil prices.
The Abu Dhabi National Oil Company (Adnoc) signed on Sunday, two framework agreements with Mubadala Investment Company (Mubadala) and Emirates Nuclear Energy Corporation (Enec)
Khalaf Ahmad Al Habtoor - Founding Chairman of the Al Habtoor Group (AHG) - welcomed Shlomi Fogel of Ampa Group, Co-owner, Chairman and CEO - at the AHG headquarters on Al Wasl Road, Dubai.
The European Union (EU) wants to arm itself with new powers to control big technology companies, a newspaper reported on Sunday. The proposed plan includes forcing tech giants to break up or sell some of their European operations
Dubai Chamber of Commerce and Industry (DCCI) has announced the launch of the Dubai Chamber Interview Series, a virtual event series featuring live-one-on-one interviews with prominent local and international business figures from a wide range of industries.