UAE's TAQA rebounds to profit in Q3, fueled by higher oil prices | Reuters:
Abu Dhabi National Energy Co (TAQA) on Thursday reported a third-quarter profit, recovering from a loss a year earlier, as higher oil prices boosted its revenue.
The state-owned oil explorer and power supplier made a profit attributable to equity holders of 153 million dirhams ($42 million) in the three months ended Sept. 30, it said in a bourse statement.
That compared with a 194 million dirhams loss in the same period last year.
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