INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

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.