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RIYADH: Debts owed to the UAE-based natural gas company Dana Gas from Egypt dropped to below $30 million, reaching its lowest levels since its commencement of operations in 2007. This followed Egypt’s payment of 143 million dirhams ($39 million) in December. The latest payment raises the company’s 2021 Egypt collections by 130 percent to $184 million compared to $80 million

Dana Gas, the largest regional natural gas company, has received a payment of $39 million from Egypt in December, thus reducing its receivables from the Arab nation below $30 million, to its lowest levels since commencing its operations there in 2007.

SHARJAH, 29th December, 2021 (WAM) -- Dana Gas has received a payment of $39 million (AED143 million) from the Egyptian Government in December, the company announced Wednesday. This has reduced its receivables from the North African state below $30 million to its lowest levels since commencing operations there in 2007. It also complements what has already been a year of significant increases in collections from Egypt, increasing the company's 2021 Egypt collections by 130% to $184 million (A...

Dana Gas, the largest regional natural gas company, has received a payment of $39 million from Egypt in December, thus reducing its receivables from the Arab nation below $30 million, to its lowest levels since commencing its operations there in 2007.

Dana Gas has received a payment of $39 million (Dhs143 million) from the Egyptian Government in December, the company announced on Wednesday. This has reduced its receivables from the North African state below $30 million to its lowest levels since commencing

Dana Gas’ collections from the KRI (Kurdistan Region of Iraq) and Egypt increased 86% year-on-year in the first ten months of the year to AED1.03 billion ($283 million) from AED557 million in the same period the previous year.

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NAMA holds discussion at Women’s Pavilion on women’s economic participation

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Dana Gas, the Middle Easts largest regional private sector natural gas company has announced that its 9M 2021 collections from the Kurdistan Region of Iraq (KRI) and Egypt have increased 102% year-on-year to $256 million from $127 million in the same period the previous year.