SOLID INVESTOR BACKING
Dana Gas said it has won approval from its investors to complete the consensual restructuring of a $700-million sukuk (Islamic bond). The Emirati group has several exploration and production assets in Egypt, Kurdistan (Iraq) and the UAE.

Fluor Corporation, a global engineering, procurement, fabrication and construction company, has announced the arrival of the first modules for the Kuwait Integrated Petroleum Industries Company (Kipic) Al Zour project in Kuwait.

UK-based TWMA, a provider of specialised drilling waste management services, has announced its acquisition of US-based Dynamic Oilfield Services in an eight-figure deal.

The Saudi Stock Exchange (Tadawul) has announced that MSCI, a leading provider of global equity indices, has upgraded the kingdom to "Emerging Market" from its previous "Standalone Market" status in its Annual Market Classification Review.

Bahrain-based Investcorp, a leading global provider and manager of alternative investments, has released its latest white paper examining six credit-related strategies that may help deliver value in today’s market environment.

Abu Dhabi-based Mubadala Investment Company is partnering with Greece’s aquaculture leader Andromeda and Amerra Capital Management to acquire majority stakes in two European fish farming companies: Nireus SA and Selonda SA.

DNO ASA, the Norwegian oil and gas operator, said it has received $62.19 million as payment for its crude oil deliveries in March to the export market from the Tawke licence in the Kurdistan region of Iraq.

Blends & Brews Coffee Shoppe, the UAE-born chain of international coffee shops owned by Thumbay Group, opened its new outlet at Ajman in style by printing the photograph of late Sheikh Zayed on the inaugural coffee made at the event.

Rowan Companies, a global provider of contract drilling services, said it has leased a Super Gorilla XL Class jack-up rig to ARO Drilling, its joint venture with Saudi Aramco, for one of its major projects in Saudi Arabia.

$1bn RESTRUCTURING UNDERWAY
US-based Colony Capital, a global real estate and investment management firm, has inked a deal with Abraaj to buy four of its top emerging market funds days after the troubled Dubai-based investor launched a court-supervised restructuring.

Etihad Esco, a leading UAE energy service company, has been awarded a contract by Jamal Al Ghurair Group, a diversified family-owned organisation, to retrofit two of its industrial facilities - Gypsemna and Porcellan - located in Abu Dhabi.

Bahrain-based BMMI, a leading services and supply group, was recently presented with the prestigious Vanguard Award, the top honour awarded by the International Stability Operations Association (ISOA), at its second annual awards ceremony.