Wednesday 4 March 2015
 
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Impairment

Dana Gas blames oil slump, impairment for Q4 loss

Abu Dhabi-listed Dana Gas reported a fourth-quarter loss on Thursday that the company blamed on lower oil prices and an impairment charge. Dana Gas, based in Sharjah, one of the seven emirates in the UAE, made a net loss of Dh15 m

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NBAD Q4 profit edges down on impairments

National Bank of Abu Dhabi (NBAD) on Tuesday posted a one per cent decline in fourth quarter net profit, missing analysts' forecasts, as the UAE lender was hurt by rising impairment charges. The country's largest bank market value,

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Mena banks back impairment accounting plans

Majority of the banks in the Middle East and North Africa region expect impairment accounting proposals to improve financial statements, according to a survey by leading audit firm Deloitte. The Mena-headquartered banks believe that Intern

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