DUBAi / WAM Ahmed Mahboob Musabih, Director-General of Dubai Customs, held a videoconference with a Swiss delegation, headed by Frank Eggmann, Swiss Consul General to Dubai, to discuss expanding mutual economic cooperation and trade between Dubai and Switzerland. The two sides discussed the stimulus packages launched by the Federal government and Dubai government to support the business activity and to ...

SHARJAH / WAM Dana Gas announced that it has entered into a binding agreement with IPR Wastani Petroleum Ltd, a member of the IPR Energy Group (IPR) for the sale of its onshore Egyptian producing oil and gas assets for a consideration of up to $236 million including contingent payments. IPR is a leading private E&P operator in Egypt, with ...

Bloomberg Saudi Basic Industries Corp, the chemical maker in which Saudi Aramco holds a majority stake, returned to profit in the third quarter amid signs that demand is recovering from the impact of the coronavirus. The company, known as Sabic, said third-quarter profit was 1.09 billion riyals ($290 million) compared with 740 million riyals in the same period last year. ...