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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

Dana Gas doubles its earnings to $256m from its sites in Egypt and Iraq

Its growth outlook remained sturdy in the Kurdistan region of Iraq, where the firm is seeking to increase production.
  • In the Kurdistan Region of Iraq (KRI), the company’s share of collections from sales of condensate, LPG and gas jumped 77 percent
  • The company's earnings have seen a 102 percent jump to $256 million as compared to the same period last year

Dana Gas, the UAE-based natural gas company, has seen its earnings double from its operations in Egypt and Iraqi Kurdistan so far this year. The company’s earnings have seen a 102 percent jump to $256 million as compared to the same period last year.

Dana Gas collected $125 million in Egypt during the first nine months of 2021, compared to $53 million in the same period a year earlier, representing a 136 percent increase.

In the Kurdistan Region of Iraq (KRI), the company’s share of collections from sales of condensate, LPG and gas jumped 77 percent in the first 9 months of 2021, from $74 million in the same period the previous year to $131 million.

“Continuing timely payment of invoices and the settlement of outstanding receivables is key to providing us with the confidence to carry on with our expansion plans in the KRI and Egypt.” Patrick Allman-Ward, chief executive officer of Dana Gas, said.