Wednesday, 20 April 2011

Dana Gas's aim for London listing is a slap in the face for UAE bourses - The National

If you were taking a quick glance at the UAE's publicly listed companies, you could easily think Dana Gas is a favourite among investors.

The Sharjah oil and gas producer has a strong international profile but also many interests throughout the region, including promising projects in Iraq, Egypt and the waters of the Gulf.

Oil is trading near US$120 (Dh440.75) a barrel and the Dubai Financial Market, where Dana shares are listed, is entering a bull market for the first time since Dubai World's debt restructuring was announced.

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