Dana Gas appoints new Chairman
Source: BI-ME with Bloomberg , Author: Posted by BI-ME staff
Posted: Mon June 11, 2012 11:34 am

UAE.Dana Gas PJSC, the fuel producer with US$1 billion in Islamic bonds maturing in October, appointed a new chairman and vice chairman.

The shareholders approved the appointment of Adel Al Sabeeh as chairman and Tawfeeq Al Moayed as vice chairman, according to a company statement to the Abu Dhabi stock exchange yesterday.

Al Sabeeh was previously the vice chairman and replaces Abdul Hamid Jafar, according to company information on the stock market.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: April 28, 2015
UAE. GCC wages are set to rise at an average of 5% in 2015, rebounding from a brief dip to 4.8% last year, according to Towers Watson; Growing inflation translates into pressure for all.
date:Posted: April 28, 2015
UAE. As banks address new capital regulatory requirements and slow balance sheet growth, a new global study on alternative channels for capital from shadow banking provides a unique investor perspective on what it will take for these financing vehicles to take hold and support economic growth.
date:Posted: April 28, 2015
UAE. The report presents the demand-supply dynamics of the GCC food industry across its countries and major food categories; Food demand in the GCC is driven by several factors including a growing population base, increasing affluence and rising tourist inflow.
UAE. As banks address new capital regulatory requirements and slow balance sheet growth, a new global study on alternative channels for capital from shadow banking provides a unique investor perspective on what it will take for these financing vehicles to take hold and support economic growth.
dhgate