Company Insights Emirates Global Aluminium Industry Emirates Global Aluminium News Analysis Manufacturing Make it in the Emirates ‘needs more SMEs’ More than AED120 billion ($33 billion) has been invested by UAE-based companies to develop hundreds of new product lines under the country’s “Make it in the Emirates” (MIITE) campaign. As the Ministry of Industry and Advanced Technology prepares to host its third forum on local manufacturing, latest statistics show that the number of MIITE products […] February 29, 2024 Banking & Finance Dubal Holding net yearly profit down by half Dubal Holding, the investment company owned by the Dubai government, has announced a 50 percent drop in net profit for 2023 compared to the previous year. Dubal Holding, which invests in the commodities, mining, power, energy and industrial sectors, recorded a net profit of AED 1.79 billion ($487 million) for 2023, down from the previous […] February 23, 2024 Opinion Sustainability Gulf industrial decarbonising needs ambition and urgency The UAE has published a pathway to carbon zero by 2050. It now needs support from policy January 17, 2024 Sustainability Gulf’s recycling industry grows with mega-projects The volume of Gulf construction projects will increase the use of recycled materials, the head of the Bureau of Middle East Recycling has told AGBI. Ibrahim Aboura, who is also managing director of Aboura Metals in Dubai and a committee chairman of the Bureau of International Recycling (BIR), added that it will also raise the […] January 8, 2024 Analysis Manufacturing Aluminium: waiting for the rise in demand With global aluminium prices soft and demand currently waning, the announcement last month of the launch of Kings Aluminium Industries’ AED750 million ($204 million) manufacturing and recycling plant in Abu Dhabi may have seemed unfortunately timed. However, “long term” has always been the name of the game with this lightweight metal, as giant, billion-dollar smelters […] January 5, 2024 Industry Abu Dhabi’s Kezad to house new $204m aluminium facility Kings Aluminium Industries has started construction on a AED750 million ($204 million) aluminium manufacturing and recycling facility in Khalifa Economic Zones Abu Dhabi (Kezad). The facility will be built on 100,000 sq m of land leased from Kezad Group for 50 years, the UAE state-owned Wam news agency reported. The company will source its raw […] December 19, 2023 Sustainability UAE aluminium refiner to test converting waste to soil The Abu Dhabi-headquartered aluminium refiner Emirates Global Aluminium has started constructing a pilot plant to convert bauxite residue waste into soil for use in landscaping. The construction of the plant comes after five years of scientific research and development in collaboration with a consortium of global research partners, the company said in a statement on […] November 23, 2023 Construction Work starts on UAE’s largest aluminium recycling plant Emirates Global Aluminium has commenced construction of what it claims will be the largest aluminium recycling plant in the UAE. The facility, with a capacity of 170,000 tonnes per year, is being built next to EGA’s existing smelter in Al Taweelah, Abu Dhabi, the company said in a statement on Tuesday. Construction is expected to […] November 21, 2023 Opinion Economy Bridging investment between the Gulf and Africa Building investor confidence in Africa as a viable business destination is paramount October 20, 2023 Manufacturing Emirates Global Aluminium H1 profit falls 66% to $533m Net profit at Emirates Global Aluminium, the UAE’s largest non-oil industrial company and one of the world’s largest aluminium producers, tumbled 66 percent to AED2 billion ($533 million) in the first half of 2023. This compared to AED5.9 billion ($1.6 bllion) in the first half of 2022. Revenue declined 19.12 percent year on year to […] August 31, 2023 Posts navigation Previous 1 2 3 4 Next
Analysis Manufacturing Make it in the Emirates ‘needs more SMEs’ More than AED120 billion ($33 billion) has been invested by UAE-based companies to develop hundreds of new product lines under the country’s “Make it in the Emirates” (MIITE) campaign. As the Ministry of Industry and Advanced Technology prepares to host its third forum on local manufacturing, latest statistics show that the number of MIITE products […] February 29, 2024
Banking & Finance Dubal Holding net yearly profit down by half Dubal Holding, the investment company owned by the Dubai government, has announced a 50 percent drop in net profit for 2023 compared to the previous year. Dubal Holding, which invests in the commodities, mining, power, energy and industrial sectors, recorded a net profit of AED 1.79 billion ($487 million) for 2023, down from the previous […] February 23, 2024
Opinion Sustainability Gulf industrial decarbonising needs ambition and urgency The UAE has published a pathway to carbon zero by 2050. It now needs support from policy January 17, 2024
Sustainability Gulf’s recycling industry grows with mega-projects The volume of Gulf construction projects will increase the use of recycled materials, the head of the Bureau of Middle East Recycling has told AGBI. Ibrahim Aboura, who is also managing director of Aboura Metals in Dubai and a committee chairman of the Bureau of International Recycling (BIR), added that it will also raise the […] January 8, 2024
Analysis Manufacturing Aluminium: waiting for the rise in demand With global aluminium prices soft and demand currently waning, the announcement last month of the launch of Kings Aluminium Industries’ AED750 million ($204 million) manufacturing and recycling plant in Abu Dhabi may have seemed unfortunately timed. However, “long term” has always been the name of the game with this lightweight metal, as giant, billion-dollar smelters […] January 5, 2024
Industry Abu Dhabi’s Kezad to house new $204m aluminium facility Kings Aluminium Industries has started construction on a AED750 million ($204 million) aluminium manufacturing and recycling facility in Khalifa Economic Zones Abu Dhabi (Kezad). The facility will be built on 100,000 sq m of land leased from Kezad Group for 50 years, the UAE state-owned Wam news agency reported. The company will source its raw […] December 19, 2023
Sustainability UAE aluminium refiner to test converting waste to soil The Abu Dhabi-headquartered aluminium refiner Emirates Global Aluminium has started constructing a pilot plant to convert bauxite residue waste into soil for use in landscaping. The construction of the plant comes after five years of scientific research and development in collaboration with a consortium of global research partners, the company said in a statement on […] November 23, 2023
Construction Work starts on UAE’s largest aluminium recycling plant Emirates Global Aluminium has commenced construction of what it claims will be the largest aluminium recycling plant in the UAE. The facility, with a capacity of 170,000 tonnes per year, is being built next to EGA’s existing smelter in Al Taweelah, Abu Dhabi, the company said in a statement on Tuesday. Construction is expected to […] November 21, 2023
Opinion Economy Bridging investment between the Gulf and Africa Building investor confidence in Africa as a viable business destination is paramount October 20, 2023
Manufacturing Emirates Global Aluminium H1 profit falls 66% to $533m Net profit at Emirates Global Aluminium, the UAE’s largest non-oil industrial company and one of the world’s largest aluminium producers, tumbled 66 percent to AED2 billion ($533 million) in the first half of 2023. This compared to AED5.9 billion ($1.6 bllion) in the first half of 2022. Revenue declined 19.12 percent year on year to […] August 31, 2023
