Search Site

Trends banner

Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

NPCC receives award for MERAM project

The Shariah-compliant facility spans a tenure of three years.
  • The project is valued at AED 13 billion and is being led by the National Petroleum Construction Company (NPCC) in partnership with Técnicas Reunidas.
  • MERAM project is expected to increase the recovery of methane from ADNOC Gas's facilities.

Abu Dhabi, UAE — The National Petroleum Construction Company (NPCC), a subsidiary of the National Marine Dredging Group (NMDC Group), in partnership with Técnicas Reunidas (NPCC TR JV), has received an award for the Methane Recovery and Maximization (MERAM) project from ADNOC Gas.

The project is valued at AED 13 billion and is being led by the National Petroleum Construction Company (NPCC) in partnership with Técnicas Reunidas.

The scope of the project includes expanding the gas processing infrastructure at ADNOC Gas’s facilities and increasing feedstock recovery to provide feedstock supplies for the Ruwais Industrial Complex.

Commenting on the award, Eng. Yasser Zaghloul, NMDC Group CEO, said, “This project constitutes a positive addition to maximizing the capabilities and expertise of Emirati cadres in the field of energy and construction.”

MERAM project is expected to increase the recovery of methane from ADNOC Gas’s facilities. Methane is a potent greenhouse gas, so this will help to reduce greenhouse gas emissions.

It will provide feedstock supplies for the Ruwais Industrial Complex, a major petrochemical complex in the UAE besides creating jobs and improving air quality in the region.