Abu Dhabi / WAM Etisalat Group announced Tuesday its consolidated financial statements for the 12 months ending December 31 2019, reporting consolidated net profit of AED8.7 billion. According to a company press statement, the aggregate subscriber base reached 149 million, representing a year-on-year (YOY) increase of 6%. Twelve months’ consolidated revenues reached to AED52.2 billion, while consolidated net profit after ...

Bloomberg Reliance Industries Ltd.’s talks to sell a minority stake in its oil-to-chemical division to Saudi Aramco have been gathering pace in recent weeks, according to reports. Aramco officials and bankers on the deal have been working at Reliance’s offices in Mumbai for due diligence this month, according to the people, who asked not to be identified as the information ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc), announced on Tuesday it has awarded two contracts for the construction of offshore facilities for the Dalma Gas Development Project located about 190 kilometres northwest of Abu Dhabi city. The Dalma project is a key part of the Ghasha ultra-sour gas concession which is central to Adnoc’s strategic objective ...