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Nakilat announces QR 955 million profit for the year 2016

Doha, Qatar, 20th February 2017Nakilat announced its financial results for the year ended 31 December 2016, with a net profit of QR 955 million achieved compared to QR 984 million in 2015. The earnings per share attained in 2016 was QR 1.72 compared to QR 1.77 in the same period last year. The Board of Directors has decided to convene the ordinary general assembly on Sunday March 12th,

17 minutes ago

ADNOC Awards China's CEFC 4% Interest in ADCO Onshore Concession

Abu Dhabi, UAE – February 20, 2017Abu Dhabi National Oil Company (ADNOC), today, signed an agreement with the CEFC China Energy Company Limited (CEFC China), awarding it the final 4% interest in Abu Dhabi’s onshore oil concession. CEFC contributed a sign-up bonus of AED 3.3 billion ($888 million) to enter the concession. The onshore concession is operated by the Abu Dhabi Company for

24 minutes ago

Government News

HRH Princess Haya Bint Al Hussein Inaugurates Comprehensive Cancer Centre at Mediclinic City Hospital

Government of Dubai Media Office - On behalf of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, Chairperson of Dubai Healthcare City Authority HRH Princess Haya Bint Al Hussein, wife of HH Sheikh Mohammed, inaugurated Mediclinic City Hospital’s new Comprehensive Cancer Centre (CCC), Dubai’s most advanced facility for the

7 hours ago

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