8 stories mentioning ADX:DANA
Every FINWIRES story that references ADX:DANA, newest first.
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.
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.
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.
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.
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.
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.
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.
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.