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Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

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Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

Groundbreaking of integrated 450,000-sqm Metal Park held in KEZAD

The Park will be spread over an area of 450,000 sqm. (KEZAD)
  • The Metal Park Investment ME's Park will be equipped with state-of-the-art facilities to support storage and handling.
  • Membership will enable Metal Park Investment ME LTD’s clients to adapt to market demand without infrastructure constraints.

Abu Dhabi, UAE– The ground breaking of a 450,000 sqm integrated Metal Park in Abu Dhabi was attended by senior executives from the Khalifa Economic Zones Abu Dhabi – KEZAD Group, the integrated trade, logistics, and industrial hub of the emirate.

The Metal Park Investment ME’s Park will be equipped with state-of-the-art facilities to support storage and handling, processing, and fabrication activities, in addition to offering access to research and development amenities, rental office space, and associated financial services all in one location.

Membership will enable Metal Park Investment ME LTD’s clients to adapt to market demand without infrastructure constraints, giving them the ability to reduce their operating costs with ease and without the overheads that traditional businesses in this sector face.

KEZAD said in a statement that owing to its proximity to the deep-water Khalifa Port, and its strategic location at the crossroads between East and West, the project will provide an ideal platform for metal industries to serve the increasing number of construction, infrastructure and industrial development projects in the Middle East and African markets.

In addition to industry-related infrastructure, the upcoming Metal Park will offer customers a solution featuring production planning capabilities, easy entry and exit policies, and access to finance and human resources services to keep operations at optimal levels.

Furthermore, by using the most secure ERP system, businesses can cut down administration time and take advantage of industry-leading technologies to help their businesses reach new heights.