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Equities

Dana Gas Rating Reiterated as FAB Notes 'Resilient' Q2 Performance

FAB Securities reiterated its rating on Dana Gas (ADX:DANA) after it took note of the natural gas company's second-quarter earnings results."We maintain our BUY rating on Dana Gas with a target price of AED 1.15. Dana Gas delivered a resilient performance in 2Q26 despite temporary disruptions caused by regional conflict at the Khor Mor field, which constrained utilisation of the expanded KM250 processing facility. Despite the challenges, profitability remained healthy, supported by higher realized energy prices, increased production in Egypt and higher gas volume sales at Pearl Petroleum," analysts wrote in a Wednesday first look note.Thanks to lower tax expenses, as well as higher revenue and investment and finance income, the company's net profit rose 10% year over year to $33 million, which missed FAB's estimate of $50 million. Revenue logged a 41.3% annual growth to $113 million, against the research firm's $116 million estimate.

ADX:DANA
Equities

Pearl Petroleum Dismisses Kurdistan Regional Government's Contract Breach Allegation

Pearl Petroleum rebuffs allegations of contractual violation from Iraq's Kurdistan Regional Government, the consortium's joint operators Dana Gas (ADX:DANA) and Emirati upstream oil and gas company Crescent Petroleum said Aug. 7.The allegations follow Pearl Petroleum's agreement to supply gas to the Federal Ministry of Electricity in Kirkuk, Iraq.Pearl Petroleum continues to fully meet its obligation to provide 655 million standard cubic feet per day of gas to the government, even though it has been behind on its payments for years. The sale of 100 million standard cubic feet per day of gas to the ministry is from Pearl Petroleum's excess capacity at Khor Mor, the consortium noted.

ADX:DANA
Asia Markets

UAE Stocks Close Mixed as Corporate Earnings Take Center Stage

Markets in the United Arab Emirates ended the trading week diverging as investors digested fresh corporate earnings while weighing uncertainty over US-Iran negotiations.The country's two benchmark indices closed mixed on Friday as Abu Dhabi's FTSE ADX General Index lost 0.256% and Dubai's DFM General Index gained 0.448%.As another busy earnings week came to a close, Dana Gas (ADX:DANA) reported a 47% year-over-year growth in its net profit for the first six months, driven by higher revenue, and closed the session 2.80% higher. Insurance House (ADX:IH) stocks, on the other hand, plunged 4.86% despite a surge in its net profit for the period.Emaar Properties (DFM:EMAAR) and its subsidiary Emaar Development (DFM:EMAARDEV) logged 22% and 48% year-over-year jumps in their first-half attributable profits, respectively. Emaar Properties closed 0.86% lower and was the Dubai bourse's most traded stock by value, while Emaar Development shed 1.62% at closing.On the geopolitical front, markets weighed the initial details of the Iran-Oman agreement to reopen the Hormuz waterway, which comprises a potential ban on US and Israeli vessels, transit fees of 5% to 7% and a penalty of up to 20% of cargo value on hostile countries, and other compensation for damage."Despite clear signs of progress in recent days, the tenor of the rhetoric and growing distrust between the US and Iran mean things could go from bad to worse once again," ING said. "For now, we hold onto our view that flows will start to normalise through the third quarter, which leaves us expecting Brent to average $80/bbl this quarter. However, there's plenty of risk and uncertainty to this view."On the economic calendar next week is the release of July's consumer price index print by the US Bureau of Labor Statistics, providing investors with an overview of inflation and the US Federal Reserve's next monetary policy move.

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Equities

Dana Gas Reports Rise in H1 Profit, Net Revenue

Dana Gas (ADX:DANA) said Friday its profit and net revenue jumped year over year for the first half.Profit attributable to equity holders of the company for the six months ended June 30 was 393 million Emirati dirhams, compared with 270 million dirhams earlier. EPS moved to 0.055 dirham from 0.038 dirham.The Abu Dhabi-listed natural gas company's net revenue was 821 million dirhams, compared with 532 million dirhams a year ago.

ADX:DANA
Equities

Dana Gas, Crescent Petroleum Begin Gas Deliveries to Support Iraq's Electricity Sector

Dana Gas (ADX:DANA) and Crescent Petroleum started the delivery of natural gas from the Khor Mor gas processing facility to Iraq's Ministry of Electricity in Kirkuk, according to a Tuesday release.The development follows a December 2025 agreement, under which the companies, as joint operators of the Kurdistan gas project in Iraq, will supply 100 million standard cubic feet per day of gas from Khor Mor to the Kirkuk Taza power station for an initial term of one year.

ADX:DANA
Equities

Dana Gas to Slowly Ramp Up Production at Iraqi Facility

Dana Gas (ADX:DANA) will gradually raise output from the Khor Mor gas facility in Iraq's Kurdistan region for local electricity generation.The Abu Dhabi-listed company made the decision after assessing the situation and receiving assurances from local authorities and the Government of Iraq, according to a Monday release.

ADX:DANA
Equities

Dana Gas Shuts Down Production at Iraqi Facility Citing Threats

Dana Gas (ADX:DANA) shut down the main production facilities at the Khor Mor gas facility in Iraq's Kurdistan region due to credible security threats and escalation in the region.The Abu Dhabi-listed company said Friday that it is continuously monitoring the situation in cooperation with local authorities and the Government of Iraq.

ADX:DANA
Equities

Dana Gas Outlines Gas Resources Estimate in Egypt; Secures Outstanding Receivables

Dana Gas (ADX:DANA) said Tuesday its recent drilling in Egypt outlined an estimate of 10 billion cubic feet of gas resources in the latest well, up from an initial projection of 3 billion cubic feet.The license area can potentially add 12 billion cubic feet of future gas resources once developed. The Abu Dhabi-listed natural gas company plans to drill four more wells before the end of 2026.Additionally, Dana Gas said it received 79 million Emirati dirhams of additional payments as settlement of all outstanding receivables in Egypt.

ADX:DANA
Equities

Dana Gas Books Higher Q1 Profit, Gross Revenue

Dana Gas PJSC (ADX:DANA) said Thursday that its profit and gross revenue for the first quarter grew year over year.Profit attributable to equity holders of the company for the three months ended March 31 was $74 million, compared with $43 million a year ago. EPS moved to $0.011 from $0.006.The Abu Dhabi-listed natural gas company's gross revenue was $145 million, compared with $91 million earlier.

ADX:DANA
Japan

UAE Shares Gain as US-Iran Deal Hopes Lift Sentiment

Emirati shares ended Wednesday's trading session in the green, buoyed by increasing hopes that the US and Iran are close to making a deal.At the close of trading, the FTSE ADX General Index gained 0.855%, while the DFM General Index added 2.956%."Oil prices are under renewed pressure as the ceasefire between the US and Iran appears to be holding despite recent escalation in the Persian Gulf. Meanwhile, the market sold off further in early morning trading today after President Trump paused 'Project Freedom' as the US seeks a deal to end the war with Iran. Trump said 'great progress' has been made towards a 'complete and final agreement'," ING said.Reuters also reported, citing a Pakistani source, that the US and Iran are closing in on a one-page memorandum to end the war. The latest developments eased oil supply concerns and led to a decline in prices as Brent crude oil futures stood at nearly $97.82 per barrel at 3:06 pm UAE time, down 10.97% from the previous day.Back home and on the corporate front, shares of Dana Gas (ADX:DANA) closed 2.49% higher as it partnered with British advanced materials company Levidian to establish the Sharjah Graphene Park to boost the supply of high-quality graphene regionally.Elsewhere, Emirates Central Cooling Systems (DFM:EMPOWER), resumed trading on the Dubai bourse following a temporary suspension due to its board meeting. Shares of the cooling services company closed flat when it last traded on Tuesday.

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Equities

Dana Gas Partners With UK's Levidian for Graphene Production in UAE

Dana Gas (ADX:DANA) is collaborating with UK-based advanced materials company Levidian to produce graphene in Sharjah, United Arab Emirates.The partners plan to develop the Sharjah Graphene Park in phases, initially deploying Levidian's LOOP technology, which converts methane into graphene and hydrogen, to establish local production capability, the natural gas company said Wednesday. The project is expected to scale into a multi-unit production cluster following the initial phase.The first phase is estimated to cost between $2 million and $5 million, while early expansion could require $5 million to $50 million, with the potential to exceed $50 million as the project develops in line with market demand.

ADX:DANA
Equities

Dana Gas Fully Settles Overdue Receivables with Egyptian Government

Dana Gas (ADX:DANA) received an additional payment of $20 million from the Egyptian government.The natural gas company said Friday the new payment, along with a previous payment of $50 million in December 2025, marks the full settlement of all overdue receivables in Egypt.

ADX:DANA
Equities

Dana Gas Resumes Trading on Abu Dhabi Bourse

Dana Gas (ADX:DANA) recommenced trading on the Abu Dhabi bourse on Wednesday, according to a same-day notice.The trading suspension started Tuesday and was lifted after the natural gas company disclosed its meeting results.

ADX:DANA
Equities

Dana Gas OKs Higher FY25 Cash Dividend

Dana Gas (ADX:DANA) shareholders approved a cash dividend of 0.065 dirhams per share for 2025.The Abu Dhabi-listed company said Tuesday the dividend increased 18% year over year on the back of its improved financial position.

ADX:DANA
Asia Markets

Emirati Equities Gain on US-Iran Peace Talks Optimism

Stock trading in the United Arab Emirates ended in the green on Tuesday, buoyed by positive sentiment regarding the resumption of peace talks between the US and Iran.At the close of trading, the FTSE ADX General Index was up 0.197%, while the DFM General Index added 0.276%.Oil prices dropped 0.36% to $95.129 per barrel on Tuesday at 3:43 pm UAE time amid reports from multiple media outlets that the US and Iran will resume their peace talks on Wednesday."Negotiations between the US and Iran are set to resume in Pakistan, with US Vice President JD Vance set to attend. It appears Iran will send a delegation too. This follows earlier suggestions that Iran wouldn't attend as long as the US blockade continues. These talks are important, with the current ceasefire set to end on Wednesday," ING said. "President Trump has suggested he is unlikely to extend the ceasefire. Therefore, a lack of progress would likely push oil and gas prices higher. This would create significant uncertainty over when energy flows through the Strait of Hormuz might return to normal."Back home, the Dubai International Financial Centre, or DIFC, plans to integrate artificial intelligence across its legal and regulatory frameworks, operations, and talent development systems, becoming the first AI-native financial center globally.Over to corporates, shareholders of Dana Gas (ADX:DANA) approved the distribution of a cash dividend of 0.065 Emirati dirham per share for 2025. Shares of the natural gas company closed the session 2.66% higher.Deyaar Development (DFM:DEYAAR) stocks ended 0.80% in the red at closing. The real estate group handed over three residential and hospitality projects comprising a total of 1,436 units in Dubai.

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Equities

Dana Gas Resumes Output at Khor Mor Gas Field in Iraq

Dana Gas (ADX:DANA) said Monday it resumed production at the Khor Mor gas facility in Iraq's Kurdistan region.The Abu Dhabi-listed company said the field had intermittent operations in recent weeks. It carried out prudent operational measures during the period in coordination with government authorities.

ADX:DANA

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