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Dana Gas commences drilling operations at Merak-1 well, offshore Egypt

Dana Gas commences drilling operations at Merak-1 well, offshore Egypt

Dana Gas today announced it commenced drilling operations yesterday at its Merak-1 well, offshore Egypt.

The location is in 755 metres of water in the North El Arish concession, also known as Block 6. This block is in the Eastern Mediterranean Basin where other giant natural gas discoveries have been made in recent years.

The Merak-1 well will be

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ADX achieves 95.3% in disclosure compliance of Q1 financial statements 2019

ADX achieves 95.3% in disclosure compliance of Q1 financial statements 2019

61 out of 64, local and foreign, public listed companies disclosed their 1st quarter financial statements for 2019 within the 45 days period given

Abu Dhabi Securities Exchange (ADX) announced that it has succeeded in achieving a compliance rate of 95.3% regarding the disclosure of the 1st quarter financial statements 2019 of its listed public

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Bahrain's Bapco reaches financial close of modernisation drive

Bahrain's Bapco reaches financial close of modernisation drive

The Bahrain Petroleum Company (Bapco) has announced that it has reached a financial close on its multi-billion dollar modernisation programme, the company announced on Monday.

According to senior company officials, the successful closure of the financial package will pave the way for the Bapco modernisation programme (BMP) to move into its next

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De Beers diamond sales slump again in another gem warning sign

De Beers diamond sales slump again in another gem warning sign

The Anglo American Plc unit sold just $415 million of gems in its fourth sale of the year, down 25% from a year earlier. While it’s often a quieter time of the year - as the industry has restocked after key holiday sales -- the total so far in 2019 is still much weaker than in previous years.

Diamond miners are struggling across the board,

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UAE jewellery shops cut prices as gold drops, US dollar strengthens

UAE jewellery shops cut prices as gold drops, US dollar strengthens

Now is the right time for customers to buy gold in the UAE, as jewellery shops across the emirates have cut prices in line with falling gold rates and a strengthening US dollar amid concerns surrounding Europe’s parliamentary elections.

UAE jewellery stores and souks posted an approximately AED2.50 per gram price drop on Monday, with 24-karat gold

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Abatera Tours is an expert destination management company that covers all aspects of inbound tourism business including FIT Travel, Leisure groups and Meetings, Incentives, Conferences & Events (MICE)...

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Office No: 302 Wasel Business Centre
Near port Saeeed Etisalat Office Deira, Dubai.

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