Middle East Economic Survey

VOL. LIII

No 47

22-Nov-2010

UAE

TAQA 3Q Revenues 33% Higher On The Year

Recovering commodity prices saw total revenues for state-owned Abu Dhabi National Energy Company (TAQA) surge to Dh5.20bn ($1.42bn) in 3Q10, 33% over the same period last year. The company also reported a 154% increase in net profit for the first nine months of the year, rising to Dh676mn ($184mn) from Dh266mn ($72n) over the same period in 2009. Net income for the third quarter was also up...