Sunday 23 October 2016
energy company

RAK Petroleum posts $22m Q1 profit

RAK Petroleum, an UAE-based energy investment company, said it has registered a net profit of Dh81.3 million ($22.1 million)  for the first quarter thus continuing its profitability into the fourth consecutive year. The company announ


Taqa net profit drops 26pc in 2011

Abu Dhabi National Energy Company (Taqa) registered a 26 per cent drop in its net profit to Dh752 million ($204.7 million) in 2011, from Dh1.01 billion the year before, mainly due to an impairment charge and UK taxes. Taqa, a glo

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