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EGA’s recycling hedge goes live + Etihad Energy moves downstream
The recycling plant at Al Taweelah has 185k tons of annual capacity
THIS MORNING: EGA eyes stake in Omani rival + Masdar secures approval for UK offshore wind project
Plus: Aldar expands further in Dubai
THIS MORNING: IPO plans cool for Dubai Holding and EGA + More UAE, Syria collaboration is on the way
Plus: An Adia-backed IPO is hitting the US’ Nasdaq
Emirates Global Aluminium reaches settlement agreement, gears up to launch aluminum recycling plant in Al Taweelah
The firm was hit with disruptions over the past year as the war directly hit its facility in Al Taweelah…
Emirates Global Aluminium acquires a stake in Italy’s Eco Green, staking a position in Europe’s scrap economy
EGA could be building a local buffer to keep serving auto and construction clients while its core production at home…
THIS MORNING: US, Iran leave talks without an agreement + EGA declares force majeure on some contracts
Abu Dhabi Crown Prince Khaled bin Mohamed bin Zayed Al Nahyan started an official visit to China
THIS MORNING: EGA could need a year to restore full production at Al Taweelah + The UAE is now the 9th top goods exporter
Plus: Opec+ opts for a supply hike
THIS MORNING: Reports circle of EGA selling off alumina stock + of a Trump-linked defense firm selling systems to UAE
Oxford Economics also have a sobering prediction for the GCC’s GDP
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