INSEAD Day 4 - 728x90

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

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.