Search Site

TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

Ma’aden plans to become one of the top ten global aluminium producers

Maaden's net profit fell 83 percent in 2023.
  • Key executives from Ma’aden’s aluminum and smelter department participated in the three-day conference Arabal 2022 in Cairo
  • With over 400 high-level delegates in attendance, Ma’aden had a prominent presence at the event showcasing various products and demos

Riyadh, Saudi Arabia – Saudi Arabian Mining Company (Ma’aden), one of the largest multi-commodity mining and metals company in the Middle East  plans to become a top 10 global producer of aluminum at a time when global demand of the material is set to increase by 40 percent by 2023.

Key executives from Ma’aden’s aluminum and smelter department participated in the three-day conference Arabal 2022, which took place from November 29 to December in Cairo, Egypt, and attracted aluminum experts and industry leaders from across the MENA region.

With over 400 high-level delegates in attendance, Ma’aden had a prominent presence at the event showcasing various products and demos.

Ma’aden executives said they planned to maximize the minerals and metals value chain with ongoing investment into industrial diversification in Saudi Arabia.