Paris, France - The president of a pivotal UN climate summit defended on Saturday the large presence of industry representatives at the negotiations, saying private sector engagement was essential to curb global heating."Everyone needs to be part of this process and everyone needs to be held responsible and everyone needs to...

KARAGANDA, KAZAKHSTAN - A fire at a mine in Kazakhstan owed by steel giant ArcelorMittal killed 32 people on Saturday, with over a dozen still missing and the Central Asian nation working to take over the company's local branch.ArcelorMittal -- listed in Luxembourg -- has a history of deadly disasters in...

British Steel is battling losses of $36 million a month.

Geneva, Switzerland - Global trade growth will be sharply lower than forecast this year as stubborn inflation, high interest rates and the war in Ukraine pressure economies around the globe, the World Trade Organization said on Thursday.Strains in China's vast property market also prompted the WTO to cut its trade growth...

Tehran, Iran -- Iran’s annual steel production capacity is expected to increase by more than 22 percent within the next two years to reach 55 million metric tons (mt) by 2025, a senior member of the Board of Directors of the Iranian Steel Producers Association (ISPA) said.Bahador Ehramian stated that Iran’s...

New firm will help Kingdom’s steel-making capacity.

Tehran, Iran -- Iran became the eighth largest steel supplier in the world in the first half of 2023 as the country kept increasing its output despite supply and price hike in international markets caused by the Ukraine War.Figures from the World Steel Association (WSA) showed that Iran’s steel output...

Abu Dhabi, UAE -- AD Ports Group and Brazil's Vale, the world's largest producer of iron ore and nickel, sign an MoU to develop a Mega Hub in Abu Dhabi for industrial complexes that produce low-carbon products for the steelmaking industry for both the local and seaborne markets, with a...

The two countries have in recent years ramped up economic cooperation and diplomatic contacts, with their strategic partnership having only grown closer since the invasion of Ukraine. Last year China became the top energy customer for Russia, whose gas exports had otherwise plummeted after a flurry of Western sanctions over...

SHARJAH, UAE -  India is among the UAE's most significant investment partners, with substantial mutual investments. Iron and steel rank among the top commodities exported from the UAE to India, the director of Hamriyah Free Zone Authority (HFZA) said.HFZA director made the remarks after the team successfully participated in the...

Geneva, Switzerland— Washington condemned the World Trade Organization's verdict Friday on the punitive US tariffs imposed on national security grounds on steel imports from China and other countries. Former US president Donald Trump's administration introduced the tariffs on steel and aluminium imports from China, Norway, Switzerland and Turkey and his successor,...

ALMATY, KAZAKHSTAN - Kazakhstan threatened Thursday to ban global steel giant ArcelorMittal from operating in the Central Asian country after another fatal accident at a factory belonging to the Luxemburg-based company. Kazakhstan's infrastructure and industry minister Kairbek Uskenbayev said "tough decisions" were being made against the company, after a worker...

Firm is suffering from slowdown in China's economic growth.

The net profit for the first nine months of 2022 was $104m.

The production unit was inaugurated at Hamriyah Free Zone in Sharjah.

According to the parliamentary report, which was published by several local media outlets, the firm paid huge sums of money to officials at government institutions and other influential bodies.

The firm's capacity is enough to meet the domestic market's demand.

Etihad Credit Insurance and Indonesia Re, the state-owned reinsurance agency of Indonesia, have signed an MoU to boost bilateral exports and investments through their trade credit insurance, reinsurance and guarantees. Under this agreement, the two agencies will work on easing trade and export between UAE and Indonesia, facilitating access of...

Tata had founded the airline as Tata Air in 1932, with the first flight piloted by Tata's eponymous chairman himself. The airline was nationalized by the Indian government in the 1950s but it began to struggle in the 90s with the competition from Gulf carriers and no-frills airlines.

IKK Mateenbar will produce non-corrosive fiberglass rebar.

The country has kept its position as the 10th largest producer of steel in the world this year.

The project will save energy while creating a sustainable and clean manufacturing process, says TAQA.

During the first five months of this year, the Egyptian export of iron, steel has surged 179 percent to $584, lending a much-needed boost to the economy of the North African country.