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. ...

Abu Dhabi / WAM The UAE has strongly condemned the bomb attack that targeted an educational centre in the Afghan capital, Kabul, that resulted in the death and wounding of innocent civilians. In a statement, the Ministry of Foreign Affairs and International Cooperation expressed concern over escalating violence in Afghanistan during the past weeks. It also expressed hope that peace ...