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Dana Gas

Business is booming in Iraqi Kurdistan

Dana gets $48 million payment for Iraq

Dana Gas has received $48 million in overdue payments for fuel supplied in Kurdistan, the United Arab Emirates based company said…

December 4, 2012 11:22

Dana Gas agrees to develop UAE field for 2014 start up

Dana Gas has agreed with the governments of Sharjah and Ajman to develop a gas field off the two emirates’ coasts with production…

November 22, 2012 10:18

Sharjah’s Crescent Petroleum fill the gaps

United Arab Emirates-based Crescent Petroleum is gearing up for expansion in the Iraqi oil and gas sector and a debut into Libya and Lebanon, its…

November 13, 2012 8:33
UAE's Dana gas shuffles board amid debt talks

First UAE company to not pay sukuk

Saudi and Kuwaiti companies have defaulted on Islamic bonds in the past, leading to complex debt negotiations which have dragged on for years.

October 31, 2012 10:00
UAE's Dana gas shuffles board amid debt talks

UAE’s Dana Gas shuffles board amid debt talks

Sharjah-based Dana Gas, the energy firm which has a $1 billion Islamic bond, or sukuk, due in October, has appointed a new chairman, it said in a bourse filing on Sunday.

June 10, 2012 5:50
Dana Gas says will meet upcoming debt obligations

Dana Gas says will meet upcoming debt obligations

Dana hires international financial advisor for sukuk; Says in 'constructive' talks with Egypt govt on late payments; Shares fall to fresh all-time lows before recovering

January 17, 2012 2:55

Dana Gas eyes entry to Syria, Algeria, Libya – CEO

"Dana Gas has done joint studies with Algeria's Sonatrach to (figure out how to) offer more value to the local market," Dana Gas CEO Ahmed al-Arbeed was quoted as saying by daily Al-Ittihad newspaper.

October 10, 2011 3:14

UAE’s Dana Gas “optimistic” on Egypt gas payment

UAE energy firm Dana Gas said on Monday that its overdue receivables from Egypt for the gas delivered there has risen to around $200 million from $180 million previously and added that it was optimistic payments were coming.

September 27, 2011 12:36

Dana Gas says has not received payment for gas in Egypt

UAE energy firm Dana Gas has not yet received payment for gas delivered in Egypt, it said in a statement on Tuesday.

August 2, 2011 11:53
A big bluff? UAE’s Dana Gas considers London move

A big bluff? UAE’s Dana Gas considers London move

The GCC’s only listed natural gas company has seen its stock decline 14.8 percent and its CEO says it’s because they’re misunderstood

April 20, 2011 10:39