Friday 27 February 2015
 
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Taqa

Saudi firm, Halliburton ink chemical plant JV

Saudi Arabia-based Industrialisation & Energy Services Company (Taqa) has entered into a joint venture with Halliburton Multi-Chem to set up a chemical manufacturing plant in Jubail Industrial City in the kingdom. The industri

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Saudi firm, Halliburton ink chemical plant JV

Saudi Arabia-based Industrialisation & Energy Services Company (Taqa) has entered into a joint venture with Halliburton Multi-Chem to set up a chemical manufacturing plant in Jubail Industrial City in the kingdom. The industri

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Massar plans 40pc stake sale, Abu Dhabi listing

UAE-based Massar Solutions, a market leader in fleet solutions, plans to sell 240 million shares in the company, amounting to 40 per cent of the share capital and to apply for listing of shares on Abu Dhabi Securities Exchange (ADX).

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Taqa Q3 net profit falls 27pc

Abu Dhabi National Energy Company (Taqa), the state-owned oil explorer and power supplier, reported a 27 per cent decrease in third-quarter net profit on Wednesday, citing a higher effective tax rate. Taqa, 75 per cent owned by th

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Taqa appoints Shamsi as VP of treasury

Abu Dhabi National Energy Company (Taqa) has appointed Suhail al-Shamsi as group vice president of treasury and member of the company's global management team, it said on Sunday. Shamsi, who joined Taqa in 2010, takes over the

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Taqa CFO Kersley resigns

Abu Dhabi National Energy Company's (Taqa) chief financial officer Stephen Kersley has resigned and Ryan Wong will take over as acting head of finance effective October 1, the company said. Kersley, who had been CFO since May

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Taqa may sell assets this year; advisers chosen

Abu Dhabi National Energy Company (Taqa), the state-owned explorer and power supplier, may sell assets this year and has picked two international advisers for a possible sale, two sources familiar with the matter said. Taqa, about

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Taqa swings to profits; pulls out of Iraq, India talks

Abu Dhabi National Energy Co (Taqa), the state-owned oil explorer and power supplier, swung to second-quarter profits and said it pulled out of acquisition plans in India and Iraq to improve its cash flow and reduce debt leverage.

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Oil output remains unaffected say Iraq Kurds

Oil production from Iraqi Kurdistan remains unaffected despite an incursion by Islamic State militants along the autonomous region's border, its Ministry of Natural Resources said in a statement on Saturday. The US launched ai

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Taqa pulls out of $1.6bn India power deal

Abu Dhabi National Energy Co (Taqa) is pulling out of a $1.6 billion deal to buy two Indian hydroelectric power plants because of "a change in strategy", a senior Taqa official told Reuters on Thursday. The official, who

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