 |
Genel to take about $1bn impairment on Iraqi Kurdistan fieldGenel Energy said it expected to book about $1 billion in impairment to the 2015 value of its Taq Taq oilfield in Iraqi Kurdistan, citing reduced estimate for recoverable reserves there and falling oil prices. More… |
 |
Dana Gas blames oil slump, impairment for Q4 lossAbu Dhabi-listed Dana Gas reported a fourth-quarter loss on Thursday that the company blamed on lower oil prices and an impairment charge. Dana Gas, based in Sharjah, one of the seven emirates in the UAE, made a net loss of Dh15 m More… |
 |
NBAD Q4 profit edges down on impairmentsNational Bank of Abu Dhabi (NBAD) on Tuesday posted a one per cent decline in fourth quarter net profit, missing analysts' forecasts, as the UAE lender was hurt by rising impairment charges. The country's largest bank market value, More… |
 |
Mena banks back impairment accounting plansMajority of the banks in the Middle East and North Africa region expect impairment accounting proposals to improve financial statements, according to a survey by leading audit firm Deloitte. The Mena-headquartered banks believe that Intern More… |
