Bloomberg Dana Gas has reached an agreement with key holders of $700 million of its Islamic bonds to restructure the securities, seeking to end a legal battle. A committee representing sukukholders, including BlackR ock Inc and Goldman Sachs Group Inc, have agreed to terms that include two options for creditors, the company said in a statement. Dana Gas and creditors ...

Dubai / WAM The Dubai Department of Economic Development (DED), has issued 1,848 new business licenses during April as the emirate remained a destination of choice for investment in diverse business sectors. The ‘Business Map’ digital platform of DED saw 26,498 business registration and licensing transactions being completed during the month as economic diversification and competitiveness continued to strengthen the ...

Abu Dhabi / WAM The Emirates Red Crescent (ERC), has provided humanitarian assistance to 4,493 underprivileged families and individuals in the UAE during the first quarter of 2018. Rashid Mubarek Al Mansouri, ERC’s Deputy Head for Local Affairs Sector, said that UAE leadership continues to reiterate its support for increasing the ERC’s presence across the country with the ultimate objective ...