The Egyptian government and Dana Gas are holding meetings to speed a backlog of late payments after the gas company missed a US$920 million (Dh3.37 billion) debt deadline.
The company, based in Sharjah, crossed its sukuk repayment deadline at midnight on Wednesday.
With the company said to be locked in "intense" negotiations with bondholders to avoid default, Dana released earnings yesterday, two weeks ahead of schedule.
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