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Nokia charging back with full force
Saudi government websites targeted
Bond target size $800 mln, part of $2.2 bln refi; Bond could launch by end-Sept, dependent on rating; Six banks picked as bookrunners for bond; Loan portion of package oversubscribed - source
September 5, 2012 10:30
Abu Dhabi National Energy Co (TAQA) said on Tuesday that second-quarter net profit edged up 3 percent to 447 million dirhams ($122 million) in the second quarter from 435 million a year earlier.
August 14, 2012 9:56
TAQA, which is owned 75 percent by the government of Abu Dhabi, will expand the Takoradi 2 (T2) power plant's capacity from 220 megawatts to 330 megawatts, the firm said in a statement.
July 16, 2012 11:35
BNP Paribas, StanC and SocGen lead arranging int'l facilities; Project to finance expansion of Jorf Lasfar coal-fired plant; Asian export credit agencies participate in deal
June 21, 2012 10:35
Sees North Africa and Middle East ripe for new power, water projects; CEO says Arab Spring highlights need for reliable utilities; Could do deal in Turkey this year says CEO; Looking for acquisitions in the North Sea
May 26, 2012 9:11
Abu Dhabi National Energy Co (TAQA), the state-run oil and gas utility firm, has received approval from the Dutch government for the construction of a gas storage facility in Dutch's Bergermeer field, it said on Wednesday.
May 2, 2012 3:28
Abu Dhabi National Energy Co (TAQA) expects to increase capital spending to between $2.0 billion to $2.2 billion this year as it pushes ahead with expansion plans.
March 14, 2012 1:53
Abu Dhabi National Energy Co (TAQA) raised $215 million from the sale of a Malaysian ringgit-denominated Islamic bond, or sukuk, it said on Sunday, as part of plans by the state-run oil and gas utility to diversify its funding sources.
February 26, 2012 11:22TAQA North to sell oil and gas assets in southeast Saskatchewan; Sale expected to close in March 2012
December 18, 2011 11:26TAQA sells $750 mln 5-year bonds, $750 mln 10-year; New TAQA issues used to refinance existing debt; Order books over $8 billion -market source; Existing bonds sell off after guidance released
December 6, 2011 10:36Expects 2012 capex "roughly same" as 2011; Q3 profit 537 mln dirhams vs 218 mln dirhams year-ago; Oil & gas revenues rise 68 pct in Q3; Shares rise 0.9 pct on Abu Dhabi bourse
November 15, 2011 11:42TAQA secures regulatory approval for 3.5 bln ringitt sukuk; Eyeing conventional bond, won't launch both at same time; Says not planning Malaysia sukuk until H1 2012; TAQA has $3.5 bln in upcoming bonds, $500 mln bank credit
November 1, 2011 12:10Companies in the Middle East and North Africa, which rely heavily on bank financing, will have to curtail growth plans as European lenders retrench, unless they find replacement funding sources quickly, senior bankers said on Wednesday.
October 27, 2011 2:02
Barker-Homek’s half billion dollar suit against Taqa is just the latest lawsuit filed against UAE and Gulf companies in the US. But there’s no guarantee it will succeed there.
September 1, 2010 4:41Company credits rising commodity prices with strong revenues.
May 13, 2010 9:48
As the World Cup draws closer, Qatar's fiscal spending, its only policy tool, may become difficult to restrict.
May 21, 2013 4:23
Search engine giant confirms purchase of popular blogger site as both sides vow to address users' concerns
May 21, 2013 2:52
Employees say no promises for higher wages have yet been made.
May 21, 2013 11:57
An FNC member to argue that minimum wages are 'taking advantage' of employers.
May 20, 2013 4:24
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43
