Thursday 27 July 2017
 
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Dana Gas

AbuDhabi's Goldilocks Fund buys 5pc stake in Dana Gas

In a strategic move, UAE-based Goldilocks Investment Company said it has acquired a five per cent stake in the Abu Dhabi listed-natural energy company, Dana Gas. Goldilocks fund is an Abu Dhabi Global Markets domiciled open-ended

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Dana plans profit rate cut on sukuk in restructuring twist

Dana Gas, the Middle East's largest regional natural gas company, plans to more than halve profit rates on $700 million of its Islamic bonds after they were found to be non-compliant with religious law, adding a new twist to a debt restruc

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Dana plans profit rate cut on sukuk in restructuring twist

Dana Gas, the Middle East's largest regional natural gas company, plans to more than halve profit rates on $700 million of its Islamic bonds after they were found to be non-compliant with religious law, adding a new twist to a debt restruc

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Dana Gas gets $50m partial payment from Egypt

Dana Gas, the Middle East's largest regional natural gas company, said it has received an initial payment of $50 million from the Egyptian government as partial payment of its outstanding receivables.   This

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Dana Gas net profit soars 83pc in Q1

Dana Gas, the Middle East’s largest regional natural gas company, has posted a net profit of $11 million for the first quarter (Q1) of the year, as against $6 million during Q1 2016,marking an increase of 83 per cent. The co

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Dana Gas makes first international condensate sale in Egypt

Dana Gas,  the Middle East’s largest regional natural gas company, has achieved an important milestone with the first international sale of condensate in Egypt under the gas production enhancement agreement (GPEA). The

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Dana Gas reports $33m profit for 2016

Dana Gas, a leading regional natural gas company, reported a net profit of $33 million for 2016. The preliminary net profit was a decline as compared to $144 million achieved last year, which included gain on one-off sale of 5 per

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Dana Gas Q3 profits up at $13m

Dana Gas, the Middle East’s largest regional independent natural gas company, today reported a third quarter net profit of $13 million, compared to a net loss of $9 million in the corresponding period in 2015. The nine-month

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Dana Gas Q2 profit flat at $7m

Dana Gas, a leading natural gas company in the region, has reported a net profit of $7 million for the second quarter (Q2) of the year, similar to the $7 million in Q2 2015. Revenue was $96 million (Dh351 million) as compared to $

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Dana Gas Q1 net profit halves to $6m

Abu Dhabi-listed energy firm Dana Gas reported a 50 per cent drop in first-quarter profit on Wednesday that it blamed on lower hydrocarbon prices and reduced output in Egypt and Kurdistan. Dana made a net profit of $6 million in t

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