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04 June 09:16 PM

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19 May 10:58 AM ADNOC Distribution, Americana Restaurants International partner to improve roadside trail across region
Mubasher: The net profits of ADNOC Distribution and Americana Restaurants International joined forces to expand dining and convenience offerings across ADNOC Distribution service station locations in the UAE, Saudi Arabia, and Egypt. Under the …
Company News
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18 May 12:00 PM Dana Gas records 72% higher profits in Q1-26 due to production growth
Abu Dhabi – Mubasher: Dana Gas logged net profits totaling AED 270 million ($74 million) in the first quarter (Q1) of 2026, marking a 72% year-on-year (YoY) leap from AED 158 million ($43 million). The gross revenues jumped by 59% YoY to AED 531 …
Company News
ADNOC Distribution
13 May 10:06 AM ADNOC Distribution’s profits leap 21% in Q1-26; dividends announced
Abu Dhabi – Mubasher: ADNOC Distribution delivered higher net profits at AED 785.56 million in the first quarter (Q1) of 2026, compared to AED 648.09 million in Q1-25. The revenues jumped to AED 8.83 billion as of 31 March 2026 from AED 8.47 …
Company News
ADNOC Gas
12 May 11:13 AM ADNOC Gas sees resilient performance in Q1-26 amid Strait of Hormuz closure
Abu Dhabi – Mubasher: ADNOC Gas generated net income valued at $1.07 billion in the first quarter (Q1) of 2026, down 15% year-on-year (YoY) from $1.27 billion. The revenues amounted to $5 billion as of 31 March 2026, an annual drop from $6.09 …
Company News
ADNOC Drilling
11 May 09:34 AM ADNOC Drilling delivers strongest Q1 performance on back of largest fleet size in MENA
Abu Dhabi – Mubasher: ADNOC Drilling Company delivered its strongest first-quarter performance on record in terms of revenue and net income, backed by high fleet activity, integrated services growth, long-term contract coverage, and technology-led …
Financial Results
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6 May 05:27 PM TA’ZIZ signs $28.5bn agreements to expand industrial portfolio
UAE - Mubasher: TA’ZIZ signed long-term agreements, ranging from five to 25 years, at a combined value of $28.50 billion (AED 104.60 billion) at the ‘Make it in the Emirates’ event, according to a press release. The deals secure global offtake and …
Event
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3 May 12:53 PM Dana Gas confirms full settlement of overdue receivables in Egypt
Abu Dhabi – Mubasher: Dana Gas has received an additional payment of $20 million from Egypt, confirming the full settlement of overdue receivables from the country, according to a press release. This follows the receipt of a $50 million payment in …
Companies Investments
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22 April 09:27 AM Dana Gas’ general assembly approves 18% higher dividends
Abu Dhabi – Mubasher: The shareholders of Dana Gas approved a cash dividend of 6.50 fils per share for 2025, which represents an 18% increase compared to 2024 dividend, according to a press release.   The annual general assembly meeting …
General Assembly
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7 April 03:35 PM ADNOC Gas to pay $3.5bn cash dividends for 2025
Abu Dhabi – Mubasher: The annual general meeting (AGM) of ADNOC Gas approved cash dividends of $3.58 billion for 2025, with a final dividend of $896 million payable in May, according to a press release. The full-year dividends comprise an interim …
General Assembly
ADNOC Gas
23 March 06:12 PM ADNOC Gas issues update in response to shipping disruption in the Strait of Hormuz
Abu Dhabi – Mubasher: ADNOC Gas has separately made temporary operational adjustments to production of liquefied natural gas (LNG) and export traded liquids in response to the ongoing shipping disruption in the Strait of Hormuz, according to a …
Global Economy
Crescent Petroleum
19 March 01:49 AM Crescent Petroleum transfers shareholding in Dana Gas
Abu Dhabi – Mubasher: Dana Gas stated that CP Upstream Holding (DG) Limited’s ownership percentage has reached 20%, based on the records received from the Abu Dhabi Securities Exchange (ADX). This announcement was made as Crescent Petroleum …
Companies Investments
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15 February 10:44 AM ADNOC Drilling delivers strongest performance in 2025 with 11% higher profits
Abu Dhabi – Mubasher: The net profits of ADNOC Drilling Company surged by 11% to $1.44 billion in 2025 from $1.30 billion at the end of December 2024, according to the financial results. The revenues hiked by 22% to $4.90 billion last year from …
Cash Dividends
ADNOC Gas
11 February 03:23 PM ADNOC Gas records $5.1bn net profit in 2025; dividends proposed
Abu Dhabi – Mubasher: ADNOC Gas achieved a 3% increase in net profit after tax to $5.16 billion in 2025 compared to $5 billion in 2024. The earnings per share (EPS) rose to $0.067 in 2025 from $0.65 a year earlier, according to the preliminary …
Financial Results
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8 February 11:15 AM Dana Gas logs AED 476m profits in 2025; dividends to be discussed in March
Abu Dhabi – Mubasher: Dana Gas registered AED 476 million ($130 million) in net profit during 2025, down 14% from AED 553 million ($151 million) in 2024, according to the preliminary financial results. The gross revenues declined by 22% …
Cash Dividends
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3 February 03:10 PM ADNOC Distribution generates AED 35.8bn revenues in 2025; dividends for H2-25 unveiled
Abu Dhabi – Mubasher: The net profits of ADNOC Distribution jumped to AED 2.85 billion in 2025 from AED 2.47 billion a year ago, according to the financial results. The revenues went up to AED 35.89 billion last year from AED 35.45 billion in …
Cash Dividends
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26 January 01:49 PM Dana Gas, Crescent Petroleum ink gas sale agreements to expand Chemchemal field
Abu Dhabi – Mubasher: Dana Gas and Crescent Petroleum joined forces with their partners in the Pearl Petroleum Consortium to supply substantial volumes of clean-burning natural gas from the Chemchemal field to major industrial consumers in the …
Companies Investments
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20 January 11:34 AM ADNOC Gas inks $3bn deal with Hindustan Petroleum Corporation
Abu Dhabi - Mubasher: ADNOC Gas penned a sales and purchase agreement valued at between $2.50 billion and $3 billion with Hindustan Petroleum Corporation Limited (HPCL), according to a press release. This 10-year deal covers the export of 500,000 …
Companies Investments
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5 January 10:38 AM Dana Gas accelerates drilling program in Egypt via $50m
Abu Dhabi – Mubasher: Dana Gas has secured $50 million (AED 184 million) from the Egyptian Government to support its drilling program, according to a press release. Since its consolidation agreement with the Egyptian Government began in December …
Companies Investments
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4 January 10:40 AM ADNOC Drilling closes acquisition of SLB's land rigs business in Kuwait, Oman
Abu Dhabi – Mubasher: ADH RSC LTD, a wholly owned subsidiary of ADNOC Drilling Company, has completed the acquisition of a 70% stake in SLDC Holdings RCS Limited, according to a bourse filing. SLDC Holdings is a joint venture (JV) established with …
Companies Investments
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11 December 2025 03:15 PM ADNOC Distribution, FAB partner with Mastercard to launch ADNOC Rewards Credit Card
Abu Dhabi – Mubasher: ADNOC Distribution and the First Abu Dhabi Bank (FAB) joined forces with Mastercard to launch the ADNOC Rewards Credit Card, developed to deliver premium benefits to customers across the UAE. With the offering, cardholders …
Banking and Finance
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11 December 2025 01:13 PM Dana Gas discovers new gas reserves in Egypt’s Nile Delta
Abu Dhabi – Mubasher: Dana Gas unveiled a new gas discovery after the successful drilling of the North El-Basant 1 exploratory well in Egypt’s onshore Nile Delta, according to a press release. Preliminary results indicate estimated reserves of …
Companies Investments
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26 November 2025 03:07 PM Adnoc Gas signs $4bn supply deal with EMSTEEL
Abu Dhabi - Mubasher: ADNOC Gas inked a $4-billion agreement with EMSTEEL Building Materials to power the UAE’s industrial growth and economic development, according to a press release. The 20-year agreement, effective on 1 January 2027, is valued …
Companies Investments
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23 November 2025 06:46 PM ADNOC Distribution backs non-fuel retail growth strategy via ‘The Hub by ADNOC’
Abu Dhabi – Mubasher: ADNOC Distribution has launched  ‘The Hub by ADNOC,’ a roadside retail concept designed to redefine customer experience and accelerate the company’s non-fuel retail growth strategy. The concept was officially unveiled at a …
Companies Investments
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10 November 2025 11:34 AM Dana Gas maintains strong financial performance in 9M-25 despite lower Egyptian production
Abu Dhabi – Mubasher: Dana Gas generated net profits valued at AED 379 million ($103 million) in the first nine months (9M) of 2025, compared to AED 410 million ($112 million) in 9M-24. The group reported lower revenues at AED 935 million ($255 …
Financial Results
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5 November 2025 07:23 PM ADNOC Drilling fosters GCC expansion via stake acquisition in MB Petroleum Services
Abu Dhabi – Mubasher: ADNOC Drilling Company has entered into a definitive agreement to acquire 80% of MB Petroleum Services (MBPS), according to a press release. Subject to regulatory approvals, the transaction marks its second acquisition in the …
Mergers and Acquisitions