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THE ECONOMY - INDUSTRY

Aluminium Middle East will highlight the Middle East’s future role as the world’s powerhouse in aluminium production

Posted on 15/05/2017

Aluminium Middle East, the region's largest aluminium industry event, will once again showcase Middle East's growing industry at its 5th edition starting tomorrow. With more than 150 exhibitors, the event is expected to attract over 3,500 industry professionals from over 80 countries to showcase aluminium products, technologies and investments in the region. The fifth edition of Aluminium Middle East will run from 15th to 17th May 2017 at Dubai International Convention and Exhibition Centre. ...  >>MORE

Borouge and Borealis launch new solar brand Quentys

Posted on 04/05/2017

Borouge and Borealis, leading providers of innovative, value-creating plastics solutions, announced the launch of Quentys , the new umbrella brand created to empower and potentially revolutionise the solar energy industry by making applications more affordable, reliable, and durable. As leading providers of polyolefin compounds for the global wire and cable industry for over 50 years, Borouge and Borealis are now widening the scope of their energy industry endeavours to include solar. By 2025 ...  >>MORE

AED51 million of deals to build facilities in Al Ain Industrial City

Posted on 13/04/2017

The ZonesCorp announced that it has signed 4 new deals with companies to build facilities in Al Ain Industrial City, AAIC. The new projects represent a combined investment of approximately AED51 million and cover a total area of nearly 60,000sqm. After finalising deals with ZonesCorp at the end of 2016 and Q1 2017, construction of the new facilities is underway and due to be completed towards the end of the year. ZonesCorp is a dynamic industrial development organisation located in the heart ...  >>MORE

UAE plastics industry growth highest in the GCC

Posted on 03/04/2017

The UAE plastics industry is the fastest growing in the GCC, growing by 24.2% per annum in the past decade. This is according to the ‘GCC Plastic Industry Indicators 2016' report due to be released at the 8th edition of GPCA PlastiCon by Gulf Petrochemicals and Chemicals Association (GPCA), the go to resource for industry data in the region. Set to take place on 9-10 April in Jumeirah at Etihad Towers, Abu Dhabi, PlastiCon is an annual GPCA event that caters to the plastics segment of the ...  >>MORE

Impact of Global Manufacturing and Industrialisation Summit already felt

Posted on 29/03/2017

The inaugural Global Manufacturing and Industrialisation Summit (GMIS 2017) opened in Abu Dhabi on Monday, and its impact is already being felt, as global industry leaders, policymakers and civil society organisations unite to explore ways in which manufacturing and industry can fix the global economy and help create prosperity, opportunity and employment. The global CEO of Siemens, Joe Kaeser, announced that the company would grant 100 million in software licenses to UAE universities in ...  >>MORE

Region's first microfactories in the UAE launched

Posted on 29/03/2017

Abu Dhabi-based Mubadala Development Company, the Dubai Future Foundation and GEAdditive are uniting their collective expertise behind the establishment of the first Microfactory in the region, seeking to accelerate revolutionary additive design, customer innovation, digital manufacturing technologies and access to global problem solving within the United Arab Emirates. The Microfactory is expected to play a crucial role in the upscaling of design and manufacturing capabilities in the UAE and ...  >>MORE

Borouge highlights Borstar technology at 4th GPCA Research and Innovation Summit in Bahrain

Posted on 09/03/2017

Abu Dhabi Polymers Company (Borouge), has demonstrated its Borstar technology at the 4th Gulf Petrochemicals and Chemicals Association's,GPCA, Research and Innovation Summit in Bahrain. The technology enables the company to provide a broad range of polyethylene (PE) and polypropylene (PP) grades that contribute significantly to the quality of the plastics end products. Ahmed Omar Abdulla, CEO of the company and Dr. Thorsten Loehl, Vice President Innovation attended the summit, held under the ...  >>MORE

Emirates Steel ends 2016 with new production record

Posted on 25/01/2017

Within its strategy to further increase its contribution to the economic diversification efforts, and strengthening the economic performance of the non-oil sectors in line with 'Abu Dhabi Economic Vision 2030', Emirates Steel, the only integrated steel plant in the UAE, owned by Senaat, has exceeded its last manufacturing record of the company's Steel Making Plant 2 (SMP2) to achieve 40 heats per day of 6024t of Beam Blanks; accomplishing an unmatched record on international levels from a 150 ...  >>MORE

UAE’s Ducab unveils state-of-the-art fire performance cable testing lab

Posted on 24/01/2017

Ducab, the UAE-based leading manufacturer of high-quality cables and cabling products, owned equally by Investment Corporation Dubai (ICD) and Abu Dhabi's Senaat, announced the opening of a newly built state of the art fire testing laboratory specifically built for the Ducab FlamBICC range of Fire Performance cables, according to BS EN/IEC standard and Ducab NuBICC nuclear cables tested in accordance with IEEE International standards. According to Civil Defence authorities and Ducab, major ...  >>MORE

Borouge set to showcase industry-transforming solutions at ArabPlast 2017

Posted on 04/01/2017

Borouge, a leading petrochemicals company and a joint venture between Abu Dhabi National Oil Company, ADNOC, and Austria-based Borealis, is set to showcase its diverse portfolio of differentiated and sustainable polyolefin solutions at ArabPlast 2017, the region's largest plastics, petrochemicals and rubber trade show to be held in Dubai from 8th to 10th January. Participating as the Principal Sponsor under the theme, "Together We Innovate," Borouge will demonstrate its approach to utilising ...  >>MORE

Region's largest manufacturing plant by Unilever inaugurated at Dubai Industrial Park

Posted on 22/12/2016

The UAE is accelerating its efforts to boost the industrial sector and make it a valuable contributor to the national economy, turning the ‘Made in UAE' label into a mark of quality and global excellence and can achieve this through successful partnerships with international manufacturers, and stimulating investments in industry, said H.H. Sheikh Ahmed bin Saeed, Chairman of Dubai Civil Aviation Authority and Chairman of Emirates Group, on Wednesday during the inauguration of the region's ...  >>MORE

EGA and GE sign MoU to implement 100-day emission reduction initiatives

Posted on 22/12/2016

Emirates Global Aluminium, EGA, and GE Power yesterday signed a Memorandum of Understanding, MoU, to work together on a 100-day programme to reduce EGA's nitrogen oxide (NOx) emissions under the UAE Government Accelerators programme. Abdulla Kalban, Managing Director and Chief Executive Officer of EGA, and Joseph Anis, President and Chief Executive Officer, Power Services for the Middle East & Africa, GE Power, signed the MoU, in the presence of Dr. Thani Ahmed Al-Zeyoudi, Minister of Climate ...  >>MORE

First bauxite bulk sample sails from EGA Guinea project to China

Posted on 14/12/2016

CONAKRY, Guinea: Emirates Global Aluminium yesterday announced that the first bauxite bulk sample shipment from its mine under development in the Republic of Guinea has shipped out from the port of Kamsar, bound for bauxite customers in China. The shipment of 55,000 tonnes is an important milestone in EGA's programme to unlock Chinese and other markets for Guinean bauxite. EGA is the largest industrial company in the United Arab Emirates outside of the oil industry. Guinea Alumina ...  >>MORE

EGA and MIT join forces for industrial innovation

Posted on 01/11/2016

Researchers from Emirates Global Aluminium, EGA, and the Massachusetts Institute of Technology, MIT, are set to team up to research and develop new technologies that will further improve EGA's aluminium smelting processes. The collaboration will see graduate students from MIT's School of Chemical Engineering Practice running six research projects at EGA's smelter operations in Jebel Ali and Al Taweelah focused on promoting greater efficiency in EGA's processes. Nine PhD and Masters students ...  >>MORE

President Conde inaugurates EGA's container terminal in Guinea

Posted on 20/10/2016

CONAKRY, GUINEA: President Alpha Conde of the Republic of Guinea has officially inaugurated Emirates Global Aluminium's container terminal at the country's new port facility at Kamsar. In a significant boost for the local economy, the terminal will enable the import of materials for the construction of a 12 million tonnes per annum (Mtpa) mine, as well as allow for the early exporting of bauxite bulk samples from Guinea Alumina Corporation S.A. ("GAC"), Guinea's largest development project. ...  >>MORE

Dubai Silicon Oasis, du to develop 5G telecom technology, IoT Solutions

Posted on 18/10/2016

The Dubai Silicon Oasis Authority (DSOA) yesterday announced its collaboration with Emirates Integrated Telecommunications Company PJSC (du) for the development of fifth generation mobile technology (5G) and Internet of Things (IoT) solutions. The DSOA is the regulatory body for the Dubai Silicon Oasis (DSO), the integrated technology park. Confirming DSOA's support to du's programme titled UAE 5G Innovation Gate (U5GIG), a Memorandum of Understanding has been signed between Engineer Muammar ...  >>MORE

EGA triumphs again at Ideas.America

Posted on 04/10/2016

The Emirates Global Aluminium, EGA, a jointly-held, equal-ownership company formed by Mubadala Development Company of Abu Dhabi and the Investment Corporation of Dubai, has won gold, silver and two bronze medals at the 2016 Ideas.America Idea of the Year competition. The winners were announced during the Ideas.America conference, which took place recently in Atlanta, Georgia. "Our achievements regularly receive independent recognition through regional and international accolades, confirming ...  >>MORE

RAK Ceramics announces its new corporate brand identity

Posted on 04/10/2016

BOLOGNA, ITALY: RAK Ceramics yesterday announced the launch of its new corporate brand identity which is designed to unify all of its global subsidiaries. The official roll-out is effective immediately in the UAE, with company subsidiaries expected to adopt the new brand identity over the course of the next year. The announcement was made at Cersaie, one of the most important international ceramics exhibitions which takes place annually in Bologna. The new corporate brand identity was revealed ...  >>MORE

Industrial Development Bureau releases first biannual report of 2016

Posted on 30/08/2016

The Industrial Development Bureau, IDB, of the Department of Economic Development in Abu Dhabi, ADDED, has registered 379 industrial establishments in the Emirate of Abu Dhabi in the Health, Safety and Environment Management System, EHSMS, in the first half of 2016. The bureau received 400 applications for registration in the system and approved 275 in the same period. 115 industrial establishments were nominated in the emirate for the development and implementation of the Occupational Health ...  >>MORE

Senaat posts AED 946m in profit for H1

Posted on 23/08/2016

Senaat, a leading industrial investment holding company in the UAE, has announced a 6 percent increase in net profit and 2 percent increase in EBITDA for the first half of this year despite a challenging business environment, compared to the second half of 2015. After a challenging 2015, the group's EBITDA remained steady at AED946 million (US$257.54 million) for H1 2016 (H2 2015: AED932 million ($253.7 million) and net profit grew to AED341 million ($92.8 million) (H2 2015: AED321 million). ...  >>MORE

RAK Ceramics announces second quarter 2016 financial results

Posted on 05/08/2016

RAK Ceramics, one of the world's largest hi-tech manufacturers of lifestyle ceramics solutions, yesterday announced its results for the second quarter ended 30th June 2016. Despite a slowdown in construction activity in the GCC and the impact of geopolitical uncertainty in some of the regional export markets, RAK Ceramics continued to successfully deliver on its long term Value Creation Plan in the first half of 2016. Integrating European distribution alongside continued expansions in ...  >>MORE

UAE's EGA named among top ‘rapidly globalising companies’

Posted on 25/07/2016

Emirates Global Aluminium (EGA), one of the world's leading aluminium producers, has been named one of the top rapidly globalising companies in the Boston Consulting Group (BCG) 2016 Global Challengers report. This is EGA's second citing, having also been included in the 2014 edition of the BCG Global Challengers report which focuses on the innovative business models, strategies and challenges arising from emerging markets, EGA said in a statement. EGA is one of three UAE companies included ...  >>MORE

Ducab strings together a high-growth strategy

Posted on 10/07/2016

An "old economy” company it may be, but Ducab still has a few — and new — moves to remain well entrenched in the UAE's fast reshaping manufacturing sector. And as the strategy unfolds, the company — jointly owned by the Dubai and Abu Dhabi government-owned investment funds — finds that it is less exposed to the highly cyclical nature of the construction sector, its main client. "We now have our cables being sold to the nuclear industry — having recently exported to a project in South Korea as ...  >>MORE

EGA to start Guinea bauxite mine construction

Posted on 09/07/2016

Emirates Global Aluminium, or EGA, will begin construction on a major bauxite mine in the Republic of Guinea to secure supply of the high-quality raw material for its primary aluminium production facilities in the UAE. The two million tonnes per annum (mtpa) alumina refinery will reduce EGA's dependency on alumina imports by more than 40 per cent. EGA announced it has received final approval from its board of directors to launch the first phase of the mine, to be managed through its ...  >>MORE

Mohammed bin Rashid launches 2030 Dubai Industrial Strategy

Posted on 26/06/2016

Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has launched the 2030 Dubai Industrial Strategy, elevate Dubai into a global platform for knowledge-based, sustainable and innovation-focused businesses. His Highness reiterated that the UAE is on track to achieving its objectives with regard to integrating and complementing its economic sectors and optimising industrial capacity to supplement the GDP and other revenue streams ...  >>MORE

EGA begins construction of bauxite mine in Guinea

Posted on 23/06/2016

CONKARY: Emirates Global Aluminium (EGA) yesterday said it will begin construction on a major bauxite mine in the Republic of Guinea, to secure supply of the high-quality raw material for its primary aluminium production facilities in the UAE. EGA also aims to create a new, substantial revenue stream through significant exports to Asia, a company statement said. EGA received final approval from its board of directors to launch the first phase of the mine, to be managed through its subsidiary, ...  >>MORE

Dubai unveils smart initiatives

Posted on 12/06/2016

Dubai continues its stride towards shifting to smart options by allowing industrial robots assembling in the emirate. In another first, the emirate has introduced new licence activity for remotely operated, or computer-assisted robots. It also added specially designed vehicles or telescopic arms that can take the place of humans in dangerous tasks such as detecting explosives or radiation, firefighting and manufacturing processes demanding high standards of precision or labour. Overall, Dubai ...  >>MORE

RAK Ceramics profit jumps amid market challenges

Posted on 16/05/2016

RAK Ceramics on Sunday announced its results for the first quarter ended March 31, 2016, showing a 10.8 per cent increase in net profit to Dh65.9 million from the year-ago period's Dh59.5 million, despite heightened levels of uncertainty in global markets. Overall revenue was relatively unchanged at Dh735.7 million from Dh744.1 million. Growth was led by a 3.3 per cent increase in the sale of tiles to Dh496 million and a 0.5 per cent increase in sanitaryware sales to Dh111.5 million supported ...  >>MORE

Dubai hosts worlds’ largest materials library 'D-Town'

Posted on 03/05/2016

DUBAI, 3rd May, 2016 (WAM)– The first materials library of its kind in the world, the 'D-Town Library', is opening in Dubai this year. The pioneer project will be the first in the world accessible to both design related industries and the public. The Library will have capacity to display thousands of materials– becoming the largest archive in the world. Following the vision of Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, of making ...  >>MORE

Dubai Holding launches International Centre for 3D Printing at Dubai Industrial City

Posted on 03/05/2016

Dubai Holding has launched the International Centre for 3D Printing in line with the directives of Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, to make Dubai an International destination for 3D printing by 2030. The project, at Dubai Industrial City, will create a suitable atmosphere and provide the appropriate infrastructure to bring under one roof a network of design and technology suppliers as well as factories. It will include ...  >>MORE

UAE Cabinet endorses setting up National Industrial Coordination Council

Posted on 18/04/2016

The UAE Cabinet, chaired by Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has endorsed the launch of the Industrial Coordination Council to boost the industrial sector in the country. The Industrial Coordination Council will be tasked with developing a national strategy to boost the industry sector in the UAE, set key performance indicators and follow up on implementation, proposes initiatives to boost cooperation, and share ...  >>MORE

EGA continues to forge ahead with technology innovation

Posted on 05/04/2016

Emirates Global Aluminium, EGA, has implemented advanced technologies to improve productivity and enhance operational procedures at its operations, while maintaining the highest standards of environmental conservation. As part of its mandate to drive an ongoing quest for innovation-based improvements, the dedicated Technology Development and Transfer department at EGA continuously forges ahead in identifying and implementing technological advancements for the benefit of the aluminium ...  >>MORE

Senaat’s revenues exceeds AED 14 billion and EBITDA at AED 2 billion in 2015

Posted on 03/04/2016

Senaat General Holding Corporation ("Senaat" or "the Group"), a leading industrial holding company in Abu Dhabi, has recorded a strong performance for the year, registering revenues of approximately AED 14.04 billion for FY 2015, a 5 per cent increase from AED 13.42 billion in revenues achieved in FY 2014. The increase in revenues reflects a stronger commercial performance across the Group's portfolio despite the slowing global economy and its effect on the regional and local markets. The ...  >>MORE

Masharie to increase aluminium production

Posted on 28/02/2016

Masharie, the private equity arm of Dubai Investments, has announced plans to expand its extruded aluminium production capacity by over 10,000 tonnes per annum as demand from downstream industries, transportation and electrical sectors surges across the UAE and GCC. Masharie subsidiary Emirates Extrusion Factory (EEF) is commissioning its third extrusion line by July 2016, which will increase the production capacity by 6,000 metric tonnes per annum. EEF will also start its new powder coating ...  >>MORE

Environment track record of EGA continues to strengthen

Posted on 17/02/2016

Environmental protection is at the forefront of all activities at Emirates Global Aluminium, EGA. This commitment is demonstrated through the company's long-term goals and values, which include a determination to "protect the environment wherever we operate." As testament to this, the environmental initiatives implemented by EGA have earned the company recognition on a local and global level, with the most recent example being The Emirates Appreciation Award for the Environment 2016, where EGA ...  >>MORE

Ducab announces 1st marine offshore project in Abu Dhabi

Posted on 21/12/2015

Ducab, the UAE-based leading manufacturer of high-quality cables and cabling products, has announced a new project with JOPETWIL Industrial Company, a subsidiary of Control Contracting and Trading Co., on the Jack-Up Barge ‘JOPETWIL 300'. This project marks Ducab's first marine offshore project in Abu Dhabi, and features cables from Ducab's MarineBICC product lines. Ducab's MarineBICC products are customised for the marine and offshore industry, and are approved by the American Bureau of ...  >>MORE

DIC wins two distinctions at fDi Magazine 2015 Awards

Posted on 02/11/2015

Dubai Industrial City, DIC, a leading manufacturing and logistics hub in the UAE, has bagged distinctions in two categories at the fDi Magazine awards for 2015. Part of the UK-based Financial Times Group, the respected industry platform recognised the Dubai Industrial City in the ‘Bespoke' category for its leading infrastructure development, and in the ‘Regional' category for emerging as the most promising destination for large tenants in the Middle East. As part of the stringent evaluation ...  >>MORE

RAK Ceramics wins ‘Brand of the Year Award’ at World Branding Forum

Posted on 29/09/2015

RAK Ceramics has announced that its brand was named ‘Brand of the Year' and it was awarded a regional award for being one of the largest brands in its category in the Middle East. RAK Ceramics was awarded at the prestigious World Branding Awards for displaying far sighted and strategic value for its key stakeholders. The awards ceremony took place at the State Apartments of Kensington Palace, a residence of the British Royal Family since the 17th century. RAK Ceramics was joined by more than ...  >>MORE

Emirates Extrusion targets 10% growth in 2015

Posted on 03/09/2015

Emirates Extrusion Factory (EEF), a leading aluminium extrusion company in UAE and a subsidiary of Masharie - the private equity arm of Dubai Investments (DI), has announced plans to commission its third extrusion line at its plant in Techno Park, Dubai, which will increase its production capacity by another 7,000 metric tonnes per annum. EEF, which reported a total turnover of over 13,800 metric tonnes in 2014, is targeting growth of over 10 per cent growth in 2015 and bracing for increased ...  >>MORE

Glass LLC Coating Division wins orders worth Dh280 million during H1 2015

Posted on 26/08/2015

Glass LLC, the first glass holding company in the Middle East and a wholly-owned subsidiary of Dubai Investments, DI, has announced that its coating lines, comprising subsidiaries Emirates Glass LLC, EGL, and Saudi American Glass, SAG, have won projects exceeding Dh280 million in the first six months of 2015. The coating projects come in the midst of an increase in the number of infrastructure contracts across the GCC. During the first half of the year, the new orders include multiple projects ...  >>MORE

Emirates Global Aluminium gross revenue up 30 per cent to US$5.4 billion

Posted on 26/07/2015

Emirates Global Aluminium, the world's fourth-largest maker of the metal, reported a 75 per cent rise in net income last year amid rising aluminium prices and cost cuts. EGA, created by the merger of Dubai Aluminium and Emirates Aluminium, did not specify its net income for last year or 2013. It said, however, that gross revenue rose 30 per cent to US$5.4 billion last year, without giving a corresponding figure for 2013. "Sustained focus on reducing costs resulted in a drop in controllable ...  >>MORE

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Quick List

Aluminium Middle East will highlight the Middle East’s future role as the world’s powerhouse in aluminium production


Borouge and Borealis launch new solar brand Quentys


AED51 million of deals to build facilities in Al Ain Industrial City


UAE plastics industry growth highest in the GCC


Impact of Global Manufacturing and Industrialisation Summit already felt


Region's first microfactories in the UAE launched


Borouge highlights Borstar technology at 4th GPCA Research and Innovation Summit in Bahrain


Emirates Steel ends 2016 with new production record


UAE’s Ducab unveils state-of-the-art fire performance cable testing lab


Borouge set to showcase industry-transforming solutions at ArabPlast 2017


Region's largest manufacturing plant by Unilever inaugurated at Dubai Industrial Park


EGA and GE sign MoU to implement 100-day emission reduction initiatives


First bauxite bulk sample sails from EGA Guinea project to China


EGA and MIT join forces for industrial innovation


President Conde inaugurates EGA's container terminal in Guinea


Dubai Silicon Oasis, du to develop 5G telecom technology, IoT Solutions


EGA triumphs again at Ideas.America


RAK Ceramics announces its new corporate brand identity


Industrial Development Bureau releases first biannual report of 2016


Senaat posts AED 946m in profit for H1


RAK Ceramics announces second quarter 2016 financial results


UAE's EGA named among top ‘rapidly globalising companies’


Ducab strings together a high-growth strategy


EGA to start Guinea bauxite mine construction


Mohammed bin Rashid launches 2030 Dubai Industrial Strategy


EGA begins construction of bauxite mine in Guinea


Dubai unveils smart initiatives


RAK Ceramics profit jumps amid market challenges


Dubai hosts worlds’ largest materials library 'D-Town'


Dubai Holding launches International Centre for 3D Printing at Dubai Industrial City


UAE Cabinet endorses setting up National Industrial Coordination Council


EGA continues to forge ahead with technology innovation


Senaat’s revenues exceeds AED 14 billion and EBITDA at AED 2 billion in 2015


Masharie to increase aluminium production


Environment track record of EGA continues to strengthen


Ducab announces 1st marine offshore project in Abu Dhabi


DIC wins two distinctions at fDi Magazine 2015 Awards


RAK Ceramics wins ‘Brand of the Year Award’ at World Branding Forum


Emirates Extrusion targets 10% growth in 2015


Glass LLC Coating Division wins orders worth Dh280 million during H1 2015


Emirates Global Aluminium gross revenue up 30 per cent to US$5.4 billion