Etisalat proposes unchanged 2019 dividend of 80 fils

Dubai: Etisalat on Tuesday proposed a dividend of 40 fils a-share for the second half of 2019, bringing the total annual shareholder payout to 80 fils. The telecom giant’s full-year dividend is in line with its existing payout policy, which has stayed unchanged since 2015. Prior to that the company paid 70 fils annually. Analysts […]

Adnoc awards $1.65 billion contracts for Dalma gas project

Abu Dhabi: The Abu Dhabi National Oil Company (Adnoc) on Tuesday announced the award of two contracts for the construction of offshore facilities for the Dalma gas development project located about 190 kilometers northwest of Abu Dhabi city. The two contracts have a total value of over $1.65 billion (Dh6.06 billion) and were awarded to […]