NMDC Group PJSC (NMDC)

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News

30 April 2015 08:22 AM Marine Dredging eyes 20 regional tenders

By Ramy SameehAbu Dhabi – Mubasher: National Marine Dredging Co. (NMDC) is competing strongly for more than twenty tenders across the Middle East and India, said CEO Yasser Zaghloul.Speaking exclusively to Mubasher, the top official added that his …

Company News

29 April 2015 05:26 PM National Marine Dredging approves 30% cash dividends

By Ramy SameehAbu Dhabi – Mubasher: National Marine Dredging Co. (NMDC) was cleared by shareholders on Wednesday to distribute cash dividends for the fiscal year 2014 at 30%.Accordingly, the company will pay 30 fils per share, at a total value of …

Company News

14 April 2015 00:07 PM UAE’s NMDC reports 57% profit plunge in 2014

Abu Dhabi – Mubasher: National Marine Dredging Company (NMDC) saw its profits retreat by 57% to AED 89.470 million ($24.4 million) in 2014, compared to AED 206.758 million ($56.3 million) in 2013, the company announced in a bourse …

Company News

14 April 2015 11:41 AM UAE’s Marine Dredging awarded Hail oil field project

Abu Dhabi – Mubasher: National Marine Dredging Company (NMDC) announced on Tuesday that it has been awarded a AED 309 million ($84.125 million) project to develop Abu Dhabi's offshore Hail oil field, according to a filing to …

Company News

2 April 2015 08:34 AM National Dredging profits near 100% drop in 9M

 Abu Dhabi – Mubasher: National Marine Dredging Company (NMDC) reported a 99.7% plunge in its net profits for the nine months ended 30 September 2014, reaching AED 670,000 ($182,400) compared to AED 210 million ($57.2 million) during the same …

Financial Results

4 November 2014 05:05 PM ADX inches down on services, real estate sectors

The Abu Dhabi Securities Exchange (ADX) ended Tuesday at a slight decline by 0.01% or 0.43 pts to 4949.83 pts as 102 million shares traded at a turnover of 203.5 million through 1488 transactions.A total of 31 companies traded today, …

Trading Activities

19 October 2014 05:26 PM ADX resumes rise led by real estate sector

The Abu Dhabi Securities Exchange (ADX) commenced the week in the green after closing at a rise by 0.53% or 25.40 pts to 4793.55 pts.Turnover was seen at AED 279.73 million as 86 million shares were traded through the …

Trading Activities

19 October 2014 00:47 PM Egypt awards Suez Canal dredging to six international firms

The Egyptian government signed contracts with six international firms on Saturday to carry out dredging of the new Suez Canal, Reuters reported.The new Suez Canal is the flagship project in President Abdel Fattah El-Sisi's programme to …

Macroeconomics

19 October 2014 09:54 AM UAE’s NMDC awarded $1.5 bln Egypt project

The UAE-based National Marine Dredging Company (NMDC) announced that it has been awarded the Suez Canal Expansion project in Egypt.This project is one of the most prestigious dredging projects in the world, NMDC announced in its …

General News

14 October 2014 05:02 PM ADX falls again; real estate leads losers

The Abu Dhabi Securities Exchange (ADX) closed in the red on Tuesday, resuming Sunday’s losses. The benchmark index fell 1.12% or 55.21 pts to 4891.58 pts.Around 81.64 million shares were traded, worth AED 271.6 million …

Banking and Finance

8 October 2014 04:45 PM ADX falls on real estate decline, sheds 0.65%

The Abu Dhabi Securities Exchange ended in the red on Wednesday, shedding 0.65% or 33.18 pts to 5083.61 pts.Turnover was seen at AED 179 million as around 43 million shares were traded through 1692 transactions. A total of 31 …

Trading Activities

2 October 2014 02:21 PM ADX falls on investment, energy sectors

The Abu Dhabi Securities Exchange (ADX) declined on Thursday, the last trading session before the Eid Al Adha Holidays. The benchmark index shed 0.37% or 18.98 pts and closed at 5111.25 pts.Despite a weak start to trading today, the …

Trading Activities

2 October 2014 10:41 AM ADX sees weak trading as Emaar Malls hits DFM

The Abu Dhabi Securities Exchange (ADX) is witnessing low trading on Thursday, one day before the Eid Al Adha Holidays and as Emaar Malls commences trading on the Dubai Financial Market (DFM).As at 11:36 am Dubai time, …

Market News

30 September 2014 05:43 PM ADX inches up, remains above 5100 pts

The Abu Dhabi Securities Exchange (ADX) closed in the green today after adding 0.08% or 3.97 pts to 5106.29 pts. Turnover was seen at AED 218.122 million as 74.73 million shares were traded through 1743 transactions.Market gains were …

Trading Activities