Search Site

Trends banner

TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

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.