• Dana Gas wins approval for $700m sukuk restructuring

    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 readies first modules for Kuwait refinery project


    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’s TWMA acquires US service company


    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.

  • Saudi Stock Exchange gets key MSCI upgrade


    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.

  • Investcorp outlines key credit-related strategies


    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.

  • Mubadala in deal to buy stake in European fish farms


    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 gets $62m Kurdish crude oil payments


    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 opens new outlet in Ajman


    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 inks jack up lease contract with Saudi Aramco


    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.

  • Abraaj agrees to sell 4 major market funds to US group

    $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 to retrofit key Abu Dhabi industrial units


    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.

  • BMMI receives Vanguard Award from ISOA


    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.

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Industry News

Dana Gas wins approval for $700m sukuk restructuring

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....


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