Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

UAE- Dana Gas shows strong 2011 growth  Join our daily free Newsletter

MENAFN - Khaleej Times - 28/04/2012

No. of Ratings : 0
Digg This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093507994 Share This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093507994 Add to Delicious Seed this article Buzz this article Add to Reddit Add to furl Add to stumbleupon Add to Mixx!


 


(MENAFN - Khaleej Times) Dana Gas held its 2011 Annual General Meeting (AGM) on Thursday, chaired by the company's honorary Chairman Shaikh Ahmed bin Sultan Al Qasimi.

Dana Gas' Chairman Hamid Jafar reported on the company's 2011 business activities and financial performance. The AGM approved the Board of Directors' report on the company's activities and the financial statements together with the auditors report for the year ended December 31, 2011. He said: "2011 proved to be a very successful year for the company's operations, despite the regional political and economic unrest."

For 2011, the company achieved gross revenues of Dh2.53 billion, a 42 per cent increase on last year due to higher production. This resulted in a record gross profit of Dh1.33 billion. Ahmed Al Arbeed, CEO, said: "Dana Gas continues to pursue opportunities to expand and build its business. The company's operational progress during 2011 has continued its remarkable track record."

Al Arbeed also shared with the Board of Directors his intention to retire from full-time executive responsibilities in September, after leading the Dana Gas management for the past three years. The Board thanked Al Arbeed for his years of dedicated service. A board committee was formed to oversee the search for candidates to replace Al Arbeed as CEO ensuring a smooth handover to his successor. Al Arbeed expressed his intention to remain as a member of the Board of Directors, as he has been since the company's establishment in 2005.

 






  MENA News Headlines
May 25 2013Brazil cancels $900 million in African debt ,AFP
(MENAFN - AFP) Brazil said on Saturday it plans to cancel $900 million (700 million euro) worth of debt in 12 African countries, as part of a broader strategy to boost ties with the ...

May 25 2013China premier criticises EU for telecom probe ,AFP
(MENAFN - AFP) China's Premier Li Keqiang has slammed the European Union for plans to probe the country's telecom products and impose taxes on its solar panels, Chinese state media reported on ...

May 25 2013Belgium to be rapped by EU over budget ,AFP
(MENAFN - AFP) The European Commission is set to rap Belgium this week for failing to do enough to trim its budget deficit but is unlikely to go as far as imposing a fine, according to a press ...

May 25 2013Japan PM vows 'all possible' help for Myanmar economy ,AFP
(MENAFN - AFP) Japan's premier on Saturday pledged "all possible assistance" to kick-start Myanmar's ailing economy, hailing a major industrial zone near Yangon as a symbol of development for the ...

May 25 2013Jet Airways' shareholders Okay 24%-stake sale to Etihad ,MENAFN
(MENAFN) Jet Airways announced that its shareholders okayed the 24-percent stake sale to Etihad Airways, reported Arabian Business. Last month, the Abu Dhabi-based carrier announced that it will ...

May 25 2013Muscat hotels report 15% jump in Jan-Apr RevPAR ,MENAFN
(MENAFN) STR Global announced that during the January-April period, hotels in the Omani capital posted a growth of over 15 percent in revenue per available room (RevPAR), reported Arabian ...

May 25 2013Marriott's ME, Africa Q1 RevPAR rises 11% ,MENAFN
(MENAFN) Marriott International, Middle East and Africa, president and managing director, Alex Kyriakidis, stated that the hotel operator's revenue per available room (RevPAR) during the first ...

May 25 2013Artists seek global audience at Hong Kong's Art Basel ,AFP
(MENAFN - AFP) Having taken five Volkswagen Beetles and compressed them into spheres, artist Ichwan Noor was always going to grab attention at the inaugural Hong Kong Art Basel. Noor is known in ...

May 25 2013Fitch expects Qatar's 2013 GDP to reach 7% ,MENAFN
(MENAFN) Fitch Ratings stated that in 2013, Qatar's gross domestic product (GDP) is projected to stand at 7 percent, reported Arabian Business. The agency said that during the period, Qatari banks ...

May 25 2013World Bank Grants US $55 Million For Palestinian Development ,Qatar News Agency
(MENAFN - Qatar News Agency) The World Bank Board of Executive Directors has advised its Board of Governors to authorize the US $55 million replenishment of the West Bank and Gaza Trust Fund. This ...

more...


 
Click to Apply






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help