UAE | Egypt Oil & Gas - Part 47

ENOC Share Purchasing of Dragon Oil Continues Unabated

Emirates National Oil Company (ENOC) is progressing with its 1.7 billion pound purchase of Dragon Oil shares it does not already own, despite a major investor saying the takeover undervalued the company.

Oil Barons Charity Ball Tops Dubai Events

The Oil Barons Charity Ball, a popular charity event in the Middle East region, which raised more than $200,000 this year, has been named the ‘Best Special Event’ at the Middle East Event Awards held in Dubai, UAE re ...

Sharjah-Based Unique to Take Offshore Services to the World

Unique Group, a leading integrated subsea and offshore solution provider based in Sharjah (UAE), aims to double its size and global infrastructure by 2019 through capital investment, acquisitions and expansion into k ...

UAE’s Environmentally Friendly Cooling Systems on International Display

A delegation from Emirates Central Cooling Systems Corporation (Empower), a leading district cooling services provider, is heading to Boston, US to take part in the 106th International District Energy Association (I ...

Orders Coming in for Dubai Solar Park’s Second Phase

First Solar said it has signed an agreement to supply its photovoltaic (PV) modules to power the 200 megawatt (MW) AC second phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai, UAE.

Negotiations Over Petroleum Derivative Imports with UAE, Kuwait, Saudi

The Egyptian government is currently involved in negotiations with Emirates to sign a new agreement to secure the needs of local market of petroleum derivatives during the second half of the current year

Jobs and GDP Rising in Saudi, UAE Despite Oil Prices

The UAE and Saudi Arabia continue to witness growth despite lower oil prices, a report said, noting that the UAE even recorded high levels of job creation during May, while Saudi Arabia’s output and new orders expanded.

ENOC Still Trying to Buy Out Dragon Oil Minority Shares

Asset management company Baillie Gifford, oil producer Dragon Oil's largest independent investor, said an increased takeover offer from majority owner Emirates National Oil Co (ENOC) "materially undervalued" the company.

Sage Revamping Oil Companies in UAE with Enterprise Software

Sage Middle East, a leading provider of business management software, has won a fresh vote of confidence following the recent implementation of its enterprise resource planning (ERP) solution Sage 300 by Elaaf Dynami ...

Less Risk of Dragon Oil not Making ENOC Acquisition, Say Experts

Dragon Oil Plc said it agreed to an increased takeover offer by Emirates National Oil Co (ENOC) after the Dubai-based group increased its offer to buy out the company's minority shareholders.

Page 47 of 56

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