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Watania Takaful earns AED13.1mn net profit

ABU DHABI / WAM The National Takaful Company (Watania) announced positive financial results for 2019, as the company’s net profit increased to AED13.1 million, compared to AED9.4 million in 2018. While announcing financial results of company, Dr Ali Saeed bin Harmal Al Dhaheri, Chairman of the Board of Directors of the National Takaful Company, declared that the company has launched ...

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Dana Gas to study demerger of upstream business

SHARJAH / WAM Dana Gas, a regional private sector natural gas company, on Tuesday announced its intention to pursue a feasibility study studying a potential demerger of its upstream business into a new company, which, as part of the demerger, will also be listed on the Abu Dhabi Stock Exchange (ADX). Currently, the Sharjah-based company owns upstream oil and gas ...

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Coronavirus: Expo Centre Sharjah holds virtual meet

SHARJAH / WAM The Expo Centre Sharjah recently held a virtual meeting to ensure the smooth functioning of the various departments and services, as part of the precautionary measures taken by the centre to maintain the health and safety of employees and customers and cope with the government’s preventive measures amid the Covid-19 outbreak. Headed by Saif Mohammed Al Midfa, ...

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