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Dana Gas’s collections in 2021 up 107% to $377m

  SHARJAH / WAM Dana Gas has announced that its collections from the KRI and Egypt rises 107% year-on-year in 2021 to $377 million (AED1.38 billion) from $182 million (AED 667 million) in 2020, enhanced by a strong rebound in oil prices, an accelerated pace of payments from Egypt and the settlement of past outstanding KRI receivables. Dana Gas, which ...

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Arada posts 38% rise in sales in 2021

  Sharjah / Gulf Time Arada reported a strong sales performance for 2021, thanks to successful new project launches and a resurgence in the overall property market in both Sharjah and the wider UAE. The developer posted a 38% increase in sales to AED2.41 billion during 2021 in comparison to the previous year. In total, Arada sold 2,488 homes in ...

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AD Ports launches new services company for Kizad communities

  Abu Dhabi / WAM AD Ports Group has launched Kizad Communities Development and Services Company, a project that aims to champion the staff wellbeing across the full value chain. Kizad Communities will provide integrated solutions for staff residential communities, including new developments, new services, and property management solutions. The new project will take on the operations of the existing ...

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