INSEAD Day 4 - 728x90

2PointZero reports strong H1

Expansion drives earnings, revenue growth.

Borouge profit climbs 23%

Prices, recovery boost quarterly earnings

e& posts 11.6% revenue growth

The H1 net profit hits $1.63 billion.

TECOM profit up 9%

Revenue, occupancy drive earnings higher

DAE H1 profit $229m

Growth triggered by higher earnings, stron cash flow

EGA, Ma’aden tech cooperation

The agreement extends a Memorandum of Understanding signed initially in 2018.
  • The two firms will also consider cooperation in managing by-products from processes in the aluminum value chain
  • EGA has developed its own aluminum smelting technology for more than 25 years.

Emirates Global Aluminum (EGA) and Saudi Arabian Mining Company (Ma’aden), Saudi Arabia’s national mining company, will explore potential collaboration on technology in the aluminum value chain.

The companies will explore cooperation on aluminum smelting technology development, including novel technologies with lower greenhouse gas emissions.

EGA and Ma’aden will also consider cooperation in managing by-products from processes in the aluminum value chain and aluminum recycling.

The agreement extends a Memorandum of Understanding signed initially in 2018.

EGA has developed its own aluminum smelting technology for more than 25 years.

EGA has used its UAE-developed technology for every smelter expansion since the 1990s and has retrofitted all its older production lines.

Ma’aden operates the largest and most efficient vertically integrated aluminum complex in Ras Al Khair on Saudi Arabia’s east coast.