Borsat Al Khaleej Live Support
23/05/2025 02:32 AST
NMDC Energy, a provider of engineering, procurement and construction services for offshore and onshore energy clients, has signed a memorandum of understanding (MoU) with Al Gharbia, an Abu Dhabi-based advanced pipeline manufacturer, to explore ways to accelerate pipe production in the UAE to meet local and regional demand.
Al Gharbia is one of the most technologically advanced longitudinally submerged arc welded (LSAW) pipe manufacturers in the world and one of the first large scale manufacturers to embrace Industry 4.0, said a Wam news agency report.
More broadly, the partnership forms part of the MIITE mandate to drive industrial growth in the UAE, and it serves as another credible example of the increasing level of synergy between key local players in the UAE's industrial and energy landscape.
Ahmed Al Dhaheri, CEO of NMDC Energy, said: "As a diverse company operating in future-focused sectors, NMDC Energy always looks to uncover synergies that we know will bring about impactful solutions to address the evolving demands of these industries. As such, we're proud to build on our relationship with Al Gharbia in ways that will advance pipe manufacturing in Abu Dhabi to not only serve the UAE but also the entire region. This collaboration highlights the depth and sophistication of UAE home-grown businesses, specifically how our combined expertise is locally significant yet globally relevant."
At MIITE, NMDC Group & NMDC Energy are showing how their work serves as a catalyst in propelling the development of Abu Dhabi and how the businesses within the Group bolsters the UAE's efforts to further shape its modern landscape and stimulate the local economy.
The group is announcing several strategic partnerships, and will also provide updates on its projects, particularly its work internationally where the Group has an active pipeline of activities in Saudi Arabia, Oman, Taiwan, and Vietnam, alongside its work in the UAE.
Trade Arabia
29/04/2026
NMDC Energy has announced its financial results for the first quarter of 2026, stating that it maintained operational continuity across all its projects as a result of integrated efforts, coordinatio
Trade Arabia
13/11/2025
Abu Dhabi-based NMDC Energy has signed a memorandum of understanding with US energy technology firm Baker Hughes to localize offshore solutions in Saudi Arabia.
The collaboration aims to en
Arab News
17/03/2025
NMDC Energy (formerly National Petroleum Construction Company) has announced that it has received a letter of award worth AED9.7 billion ($2.6 billion) for a key energy project in Abu Dhabi.
Trade Arabia
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| SAUDIARAMCO | 26.76 | 0.18 (0.67 |
| ADNOCGAS | 3.50 | 0.02 (0.57 |
| ADNOCDRILL | 6.13 | 0.04 (0.65 |
| BAHRI | 31.88 | 0.04 (0.12 |
| PETRORABIGH | 13.25 | 0.03 (0.22 |
18/06/2026
National Bank of Bahrain (NBB) acted as Joint Lead Manager and Bookrunner in Bahrain's successful $1 billion 10-year international bond issuance.
The bank's involvement reinforces its role
Trade Arabia
18/06/2026
As part of its firm commitment to providing a seamless and comprehensive digital banking experience, and its continuous dedication to rewarding its customers and delivering added value that meets the
Kuwait Times
17/06/2026
Al Mohafaza Company for Education has announced the rescheduling of an interest-free loan obtained earlier this year from Maroum Drilling Medical Services Company, a related party. The loan, valued a
Gulfbase
17/06/2026
Dar Al Majed Real Estate Company, known commercially as Al Majdiah, has announced the official opening of its new sales center in Jeddah. The facility is strategically located on King Abdulaziz Road
Gulfbase
17/06/2026
THE National Bank of Bahrain (NBB) has launched its Summer Cashback Campaign, offering credit cardholders the opportunity to maximise their international spending during the peak vacation season.
GDN Online