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THE ECONOMY - INDUSTRY

Emirates Global Aluminium officially incorporated, will rank in top tier of leading producers worldwide

Posted on 08/04/2014

Mubadala Development Company of Abu Dhabi and the Investment Corporation of Dubai yesterday announced the official incorporation of Emirates Global Aluminium (EGA), the jointly-owned, Abu Dhabi based aluminium champion, formed by integrating the two shareholders' respective aluminium interests. The company will be managed by a board of directors that will be chaired by Khaldoon Khalifa Al Mubarak, while Saeed Mohammed Ahmed Al Tayer will become its vice-chair. The board will also include Dr. ...  >>MORE

Foreign, local designers cash in on UAE market

Posted on 22/03/2014

With people in the UAE paying more attention — and money — on living interiors, more local and foreign designers are looking to cash in on the market. Industry estimates show that the UAE dished out last year some $1.5 billion (Dh5.5 billion) on residential spaces and fit-outs, the biggest expenditure in the Gulf Cooperation Council (GCC) region. Spending for the whole GCC was pegged at $9.2 billion in 2013, showing a 28 per cent increase from over a year ago. The growth in expenditure has ...  >>MORE

Dubai Industrial City witnesses impressive growth in 2013

Posted on 20/03/2014

Dubai Industrial City, a member of TECOM Investments, witnessed a very successful year in 2013 with an impressive financial performance, where revenue increased by 33.2 percent and earnings before interest, taxes, depreciation, and amortisation (Ebitda) registered 67.1 percent. According to figures released yesterday by Dubai Industrial City, the increase in revenue was driven mainly by land leases and warehouses lease, which registered an increase of 44.1 percent and 51.6 percent ...  >>MORE

Excellence 'an operating imperative' in UAE aluminium industry

Posted on 03/03/2014

Emirates Global Aluminium, the jointly-owned, UAE-based aluminium conglomerate to be formed by Mubadala Development Corporation and Investment Corporation of Dubai through the integration of Emirates Aluminium, EMAL, and Dubai Aluminium, DUBAL, is in a prime position to extend the record for quality and excellence of the aluminium industry in the UAE. Saeed Fadhel Al Mazrooei, President and CEO of EMAL, said, "As a leading player in the global aluminium market, delivering excellence in all ...  >>MORE

QCC launches Toys Conformity Scheme in Abu Dhabi

Posted on 24/02/2014

Abu Dhabi Quality and Conformity Council, QCC, has announced the launch of a conformity scheme that ensures children's toys in Abu Dhabi (aimed at 0-14 years old) comply with UAE safety standards and requirements. Toys that meet the scheme's requirements will be awarded the Abu Dhabi Trustmark, allowing consumers to make better purchasing decisions when shopping for toys. The Children Toys Conformity Scheme is developed in accordance with international guidelines and best practices. Only ...  >>MORE

Dubal records 13% rise in ’13 net profit

Posted on 18/02/2014

The state-run company's net profit jumped to Dh1.79 billion compared to Dh1.58 billion in 2012. While sales came down to Dh9.5 billion in 2013 over Dh9.77 billion reported in previous year. "Dubal's leading position is further affirmed by compound annual revenue and profit growth rates from 1996 to 2013 of 10.3 per cent and 6.9 per cent respectively,” said Shaikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance. Dubal results were revealed during the company's ...  >>MORE

Emirates Steel revenues up as output rise

Posted on 17/02/2014

The steelmaker sold three million tonnes of product in 2013, of which 1.9 million tonnes were sold in the domestic UAE market. Production of long products in 2013 reached 2.6 million tonnes, an increase of 12 per cent over 2012; of which 1.7 million tonnes were rebar, 316,000 tonnes structural steel and 573,000 tonnes wire rod. Encouraged by a buoyant project market in the region, the steelmaker sold three million tonnes of product in 2013, of which 1.9 million tonnes were sold in the ...  >>MORE

Borouge and Borealis underline their position as leading providers to Middle East wire industry

Posted on 11/02/2014

Borouge and Borealis, providers of innovative, value-creating plastics solutions to the global wire and cable industry, are to demonstrate their latest innovations of advanced insulation, semi-conductive and jacketing materials at the Middle East Electricity Exhibition being held in Dubai from 11th-13th February. Borouge and Borealis are recognised throughout the global wire and cable industry as trendsetters for innovation in technology and products to support the growth of modern ...  >>MORE

Tabreed's 2013 full year net profit increases 15% to Dh272.4 million

Posted on 27/01/2014

The National Central Cooling Company PJSC, Tabreed, yesterday released its 2013 audited full year financial results. The company's strong performance continues to be driven by the core chilled water business, with over 70,000 Refrigerated Ton (RT) of new customer connections made in the year, including major projects such as Yas Mall and Saudi Aramco. The most prominent financial highlights include the fact that net profit attributable to the parent increased by 15 per cent to Dh 272.4 ...  >>MORE

Borouge promotes recycling as sustainable solutions for plastic litter at EcoWaste 2014

Posted on 23/01/2014

Borouge, a joint venture between the Abu Dhabi National Oil Company (ADNOC) and Austrian company Borealisa, promoted plastics waste management and recycling during the EcoWaste Exhibition at the World Future Energy Summit. A delegation which included Herbert Willerth, Board Member of Borouge, Wim Roels, CEO of Borouge's Marketing and Sales Company, and representatives of the senior management of Borouge, visited the exposition and shared their expertise on the topic. Borouge is planning to ...  >>MORE

Mohammed bin Rashid issues law converting Dubai Aluminium into a private joint stock company

Posted on 17/01/2014

In his capacity as Ruler of Dubai, UAE Vice President and Prime Minister His Highness Sheikh Mohammed bin Rashid Al Maktoum has issued Law No. (1) of 2014 converting Dubai Aluminium (Dubal) into a private joint stocks company. Pursuant to the Law, the name of the new company is "Dubai Aluminium P.J.S." with a declared capital of Dh 3 billion, headquartered in Dubai and may establish branches inside and outside the United Arab Emirates. Article (6) of that law stated that the Dubai Aluminium ...  >>MORE

Leading UAE manufacturing and waste management company enters GCC market via Kizad

Posted on 14/01/2014

West Coast Co. L.L.C., a leading provider of cleaning and waste management products and services in the UAE, is investing Dh 60 million to set up a new manufacturing facility in the Khalifa Industrial Zone Abu Dhabi (Kizad). With this investment, West Coast is expanding its business and targeting the GCC market. The new manufacturing facility will be located in Kizad's mixed used cluster and will cover an area of 215,996 sq.ft. The facility, which will commence operations in June this year, ...  >>MORE

Caracal set to showcase its latest UAE-made products at US Exhibition

Posted on 09/01/2014

Caracal International - a subsidiary of Tawazun Holding and the region's leading manufacturer of pistols and rifles for the civilian, military, law enforcement and sporting markets - is getting ready for its participation in the Shooting, Hunting, Outdoor Trade Show (SHOT Show) and Conference taking place in Las Vegas, US from January 14 to 17, 2014. Caracal will showcase at the event their latest generation of products - made in UAE - to the US audience. Caracal will be unveiling the latest ...  >>MORE

Emirates Float Glass receives DED-Abu Dhabi award for non-oil exports worth Dh200m to 61 countries

Posted on 09/01/2014

Emirates Float Glass (EFG), part of Glass LLC and a subsidiary of Dubai Investments PJSC, has received a special appreciation award from the Department of Economic Development (DED)-Abu Dhabi, for its contribution in improving non-oil exports from the Emirate of Abu Dhabi during 2013. The total value of exports achieved by EFG - the first state-of-art integrated float glass facility in the UAE - during 2013 was approximately Dh 200 million. Mohammed Omar Abdullah, Under-Secretary, Department ...  >>MORE

Fabrication sector upbeat, expects strong growth

Posted on 08/01/2014

Regional metal working, manufacturing and steel fabrication players are upbeat about the industry's outlook in 2014, as they prepare to gather at a leading industry event in Sharjah. Set to give leads into opportunities on offer in the new year and presenting technological innovations from across the world, the 10th SteelFab will be held at Expo Centre Sharjah from January 20th to 23rd. "There is much to look forward to in the new year for the regional metal working, metal manufacturing and ...  >>MORE

Emirates Extrusion to invest Dh13 million for new production line at Dubai plant

Posted on 30/12/2013

Emirates Extrusion Factory (EEF), a subsidiary of Masharie LLC, the private equity arm of Dubai Investments PJSC (DI), has announced plans to add a new production line at its aluminium extrusion plant in Techno Park, Dubai, entailing an investment of Dh13 million. The new line, to be added by mid-2014, will further augment production capacity to 6,000 metric tonnes and will boost the production of wooden finish and powder-coated aluminium, which augurs well for EEF amidst surging demand due to ...  >>MORE

UAE is world's 11th biggest clothing importer, with US$ 4 billion of imports in 2012, says WTO

Posted on 16/12/2013

The UAE was the 11th biggest importer of clothes in 2012, according to the "International Trade Statistics 2013" report published by the World Trade Organisation (WTO), with total imports of US$ 4 billion constituting 0.8 percent of the world's total imports. According to the same report, the figures represent a 13 per cent increase compared to 2011. The European Union topped the list, with an import value of US$ 170 billion, while the U.S. came second (US$ 88), Japan third (US$ 34) in the ...  >>MORE

EMAL bright sparks triumph at Ideas UK awards

Posted on 12/12/2013

Emirates Aluminium (EMAL) has taken home top honours for its highly successful Suggestion Scheme programme at the 27th Ideas UK Conference. Testament to the company's key pillars of Operational Excellence, EMAL won the "Health and Safety Trophy", and entered the history books as the second organisation in UAE since Emirates Airlines in 1998 to have won the "Idea of the Year Trophy". The awards follow EMAL's recent Platinum certification from Ideas UK, which established it as the youngest and ...  >>MORE

Dubai Investments eyes strong manufacturing growth: Made in UAE Exhibition

Posted on 11/12/2013

In a step that reinforces its commitment to growth in the manufacturing and industrial sector, Dubai Investments PJSC has announced that 11 of its nearly 40 subsidiaries are currently participating in the first 'Made in U.A.E.' Exhibition at Expo Centre Sharjah. At the exhibition, DI is showcasing the leading-edge capabilities of the company and its subsidiaries, including Glass LLC, Emirates Building Systems, Globalpharma, Emirates Extruded Polystyrene, Marmum Dairy Farm, Dubai Cranes, ...  >>MORE

Tawazun set for debut at Defence and Security 2013 in Thailand

Posted on 04/11/2013

Tawazun, the strategic investment firm focused on the long-term development of UAE's industrial manufacturing and technology capabilities and knowledge-transfer with a specific focus on the defence sector, and two of its subsidiaries are gearing up to participate for the first time in Defence and Security 2013, which will be held in Bangkok, Thailand on 4-7 November 2013. Tawazun's stand at the Defence and security 2013 will feature latest products by Caracal International and Caracal Light ...  >>MORE

EMAL wins top honours at prestigious international innovation awards

Posted on 30/10/2013

On its first attempt to achieve Platinum certification, Emirates Aluminium, EMAL, has received the Ideas UK top award for its highly successful Suggestion Scheme programme, one of the company's key pillars of operational excellence. The Platinum category is the highest level of classification within the British Association, recognising the support, guidance and involvement of EMAL to establish a culture of innovation and facilitate an atmosphere of creativity. With only three UAE companies ...  >>MORE

RAK Ceramics scoops website Golden Prize at 7th UAE Excellence Awards

Posted on 28/10/2013

RAK Ceramics, the world's largest ceramics manufacturer, has scooped the Golden Prize for Best Official Website in the Industrial category at the 7th UAE Excellence Awards, which took place at the Al Bustan Rotana Hotel, Dubai, on October 21st. "RAK Ceramics has been able to maintain its market-leading position in the global ceramics industry through the cutting-edge information technology it employs on a daily basis. This approach of developing leading IT solutions has played a key role in ...  >>MORE

Senaat and Ducab joint venture to develop Dh 220m aluminium rod mill

Posted on 03/10/2013

Senaat and Ducab have announced the formation of a joint venture company, in order for the two industrial giants to collaborate on a project to build a 50,000 tpa aluminium rod mill. The new entity, "Ducab Aluminium", will draw on the outstanding experience that Senaat and Ducab have accumulated as one of the largest industrial holding companies in the UAE and one of the largest manufacturers of wires and cables in the Middle East respectively. When complete, the new plant will manufacture ...  >>MORE

ADPC and EMAL sign ten years export logistics agreement

Posted on 01/10/2013

Abu Dhabi Ports Company (ADPC) yesterday signed a ten year agreement with Emirates Aluminium (EMAL) to handle the export logistics of finished aluminium products from EMAL's production site. The volume of exported metal is expected to grow from 600,000 metric tonnes in 2014 to 750,000 in 2015. The signed agreement covers all of the handling operations and transport logistics for the finished products from EMAL's site to the container freight station and export terminal at Khalifa Port. ...  >>MORE

Dubai Aluminium triumphs at inaugural Metal Bulletin Global Awards for Aluminium Excellence

Posted on 25/09/2013

Dubai Aluminium (DUBAL), the state-owned aluminium manufacturing corporation, dominated the inaugural Metal Bulletin Global Awards for Aluminium Excellence by taking top honours in four of the award categories. The level of competition for the awards was high, with the list of finalists in various categories including several other major global and regional players in the aluminium industry - notably Emirates Aluminium (EMAL), UC Rusal, Alcoa, Gulf Extrusions and Novelis. The accolades were ...  >>MORE

Foreign licensing agreement signals conviction in UAE manufacturing

Posted on 17/09/2013

Intercoil International, UAE manufacturer, retailer and distributor of beds and bedding, has announced its first foreign licensing agreement with the Kenyan Bobmil Group of Companies. The deal, which allows Bobmil Group to exclusively manufacture and sell Intercoil's bedding products in Kenya, marks one of the first manufacturing licensee agreements by a UAE-based business to other countries in the world. As a key import market in the Middle East, the UAE trade pipeline is primarily filled ...  >>MORE

EMAL celebrates Phase II first hot metal record

Posted on 16/09/2013

On 15th September, Emirates Aluminium (EMAL) celebrated a milestone achievement in its Phase II expansion: First Hot Metal (FHM). Completed three months earlier than scheduled, the milestone FHM marks the start of production for EMAL's Phase II, as it heads towards total production of 1.3 million metric tonnes of aluminium a year. EMAL's Al Taweelah-based Phase I was completed ahead of time and within budget. Phase I currently supplies the world with high quality metal, contributing 0.4% of ...  >>MORE

EAG to expand globally

Posted on 16/09/2013

Emirates Aluminium Global, or EAG, which is under formation, is aiming to become an international aluminium conglomerate with interests from bauxite mining to aluminium refining and carbon production, a top official said. EAG will be an organisation which will comprise of several umbrella companies operating in different segments within the Aluminium industry at global scale, said Saeed Fadhel Al Mazrooei, the president and chief executive officer of Emirates Aluminium, or Emal, while talking ...  >>MORE

ENEC receives Emirates Steel first shipment of nuclear-grade steel

Posted on 15/09/2013

The first shipment of UAE-produced nuclear grade reinforcing steel, produced by Emirates Steel Industries PJSC was delivered to Barakah, the selected site of the UAE peaceful nuclear energy program. A delegation from Emirates Steel, led by Engineer Saeed Ghumran Al Romaithi, Chief Executive Officer, was welcomed by Mohamed Al Hammadi, Chief Executive Officer of the Emirates Nuclear Energy Corporation to commemorate this significant milestone in the construction of the UAE peaceful nuclear ...  >>MORE

DUBAL, EMAL promote UAE aluminium industry at 28th International Aluminium Conference

Posted on 14/09/2013

The role of the UAE's primary aluminium sector within the global industry is again to be promoted by Dubai Aluminium (DUBAL) and Emirates Aluminium (EMAL) at the 28th International Aluminium Conference, organised and hosted by Metal Bulletin in Geneva, Switzerland, from 16th to 18th September. The two companies will have a combined stand in the exhibition component alongside the conference, and Yousuf Bastaki, EMAL's Vice President of Projects, is among the line-up in the opening session's ...  >>MORE

EMAL's Emirati ladies engineer success at UAE industrial flagship

Posted on 14/09/2013

The role of Emirati females in the expansion of Emirates Aluminium (EMAL) is to be a central feature of a ceremony to celebrate the latest landmark of the UAE industrial flagship. The prominence of local women, to be highlighted during the event, is a reflection of their contribution to economic progress, and exemplifies how EMAL is empowering women in the workforce - a key objective of the 2030 Vision. Throughout the manufacturing process, EMAL's female engineers and managers have been ...  >>MORE

Emal and Dubal union helps lift merger fees 28%

Posted on 16/07/2013

The value of Middle East and North African mergers and acquisitions rose by 30 per cent to US$14.7 billion in the first half of the year, aided by the merger of two UAE aluminium producers. The US$7.5bn merger of Emirates Aluminium (Emal) and Dubai Aluminium (Dubal), announced last month, helped the regional M&A market to enjoy its best first half since 2008, according to the investment banking analysis released by Thomson Reuters yesterday. "The UAE was the most active Middle Eastern ...  >>MORE

Dubal and Mubadala complete acquisition of Guinea Alumina Corporation

Posted on 11/07/2013

Dubai Aluminium (DUBAL) and Mubadala Development Company (Mubadala) secured full ownership of Guinea Alumina Corporation (GAC), having completed the acquisition of the remaining project interests in the joint venture from Global Alumina Corporation and BHP Billiton. This follows the recent announcement of the creation of Emirates Global Aluminium (EGA), which will become the world's fifth largest aluminium company through integrating the businesses of DUBAL and Emirates Aluminium (EMAL). The ...  >>MORE

Country is boosting role of Industrial sector, says 
Al Mansouri

Posted on 03/07/2013

Sultan bin Saeed Al Mansouri, Minister of Economy, has stressed that the UAE is implementing an ambitious strategy to strengthen the role of the industrial sector in the economic system and increase its contribution to the GDP. He said during a meeting with representatives of local and national organisations working in the industrial sector, that the industrial sector is a key driver in the performance of the national economy, as its contribution to the GDP of the country in 2012 ranged ...  >>MORE

UAE output, new orders up

Posted on 03/07/2013

Non-oil producing private sector companies in the UAE reported increased output and new order levels in June, a purchasing managers' survey showed on Tuesday. The HSBC purchasing managers' index, or PMI, which measures the performance of the manufacturing and services sectors in the non-oil private sector economy, dropped to 54.1 in June from 55.3 in May. An index reading above 50 indicates expansion of the sector, while one below that suggests contraction. "Payroll numbers rose solidly and ...  >>MORE

Emirates Steel targets new range of structural steel for offshore installations

Posted on 26/06/2013

Emirates Steel's US$1.6 billion Heavy Sections Mill is diversifying its product range and is now developing structural steel with enhanced mechanical properties that are often specified in offshore oil, gas and petrochemical projects . The 15-year old GCC steelmaker has a capacity to produce one million tons of structural steel per year and has recently started to ramp up production. "We are in the middle of a transition period," said CEO Saeed G Al Romaithi. "We are ramping up production ...  >>MORE

Borouge, Borealis reinforce commitment to continue providing North Africa customers with sustainable solutions

Posted on 24/06/2013

Through participating at the 5th International Plastics, Rubber, Composites, Packaging and Conditioning Trade Fair (Plast Expo) held in Casablanca, Morocco, between June 19-22, 2013, Borouge and Borealis, leading providers of chemical and innovative plastics solutions, have reinforced their commitment to continue providing their customers in North Africa with sustainable solutions that contribute to addressing the processing and end-use performance challenges of the region's manufacturing ...  >>MORE

Emirati pride as world's longest potline structure is complete at EMAL

Posted on 22/06/2013

Emirates Aluminium (EMAL) celebrated the installation of the final steel structure for the potline of its Phase II expansion. With the final one of 120 specially designed steel structures provided by Emirates Steel now in place, it means that all the major civil and mechanical work on the world's longest single potline of 1.7km is now complete and EMAL remains on target to deliver its ambitious expansion plans. Commenting on the latest milestone in the history of EMAL, President and CEO, Saeed ...  >>MORE

Borouge inaugurates its raw materials import service by container ships in Ruwais

Posted on 05/06/2013

In line with its sustainability plan and in coordination with Abu Dhabi Customs, Borouge, a leading provider of innovative, value creating plastics solutions, has inaugurated its raw materials import service by container ships at the quayside of the container terminal at the Ruwais plant in Abu Dhabi. The inauguration ceremony was attended by Hussain Al Hammadi, Vice President Site Supply Chain - Ruwais, Abdulla Al Jaberi, Senior Vice President Corporate Procurement, Salem Eassa Al Hammadi, ...  >>MORE

Mubadala and Investment Corporation of Dubai establish US$15 billion Emirates Global Aluminium

Posted on 04/06/2013

In a move that will form a new industrial giant in the United Arab Emirates, Mubadala Development Company (ICD) of Abu Dhabi and the Investment Corporation of Dubai yesterday announced the creation of Emirates Global Aluminium - a jointly-held, equal-ownership company that will integrate the businesses of Dubai Aluminium (DUBAL) and Emirates Aluminium (EMAL) - with plans for significant local growth and international expansion. The Chairmen of the two shareholding companies, His Highness ...  >>MORE

EMAL wins H&S International Gold Award

Posted on 28/05/2013

Emirates Aluminium (EMAL) has been recognised for its commitment to Health and Safety with a Gold Award from the Royal Society for the Prevention of Accidents (ROsPA) - the UK s leading safety organisation, under the patronage of Her Majesty The Queen of England. The Award received almost 2,000 entries in 2012, and EMAL came out on top, taking home one of the most sought after accolades in the industry. The Gold Award establishes EMAL as a leader in health and safety on the global industrial ...  >>MORE

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Quick List

Emirates Global Aluminium officially incorporated, will rank in top tier of leading producers worldwide


Foreign, local designers cash in on UAE market


Dubai Industrial City witnesses impressive growth in 2013


Excellence 'an operating imperative' in UAE aluminium industry


QCC launches Toys Conformity Scheme in Abu Dhabi


Dubal records 13% rise in ’13 net profit


Emirates Steel revenues up as output rise


Borouge and Borealis underline their position as leading providers to Middle East wire industry


Tabreed's 2013 full year net profit increases 15% to Dh272.4 million


Borouge promotes recycling as sustainable solutions for plastic litter at EcoWaste 2014


Mohammed bin Rashid issues law converting Dubai Aluminium into a private joint stock company


Leading UAE manufacturing and waste management company enters GCC market via Kizad


Caracal set to showcase its latest UAE-made products at US Exhibition


Emirates Float Glass receives DED-Abu Dhabi award for non-oil exports worth Dh200m to 61 countries


Fabrication sector upbeat, expects strong growth


Emirates Extrusion to invest Dh13 million for new production line at Dubai plant


UAE is world's 11th biggest clothing importer, with US$ 4 billion of imports in 2012, says WTO


EMAL bright sparks triumph at Ideas UK awards


Dubai Investments eyes strong manufacturing growth: Made in UAE Exhibition


Tawazun set for debut at Defence and Security 2013 in Thailand


EMAL wins top honours at prestigious international innovation awards


RAK Ceramics scoops website Golden Prize at 7th UAE Excellence Awards


Senaat and Ducab joint venture to develop Dh 220m aluminium rod mill


ADPC and EMAL sign ten years export logistics agreement


Dubai Aluminium triumphs at inaugural Metal Bulletin Global Awards for Aluminium Excellence


Foreign licensing agreement signals conviction in UAE manufacturing


EMAL celebrates Phase II first hot metal record


EAG to expand globally


ENEC receives Emirates Steel first shipment of nuclear-grade steel


DUBAL, EMAL promote UAE aluminium industry at 28th International Aluminium Conference


EMAL's Emirati ladies engineer success at UAE industrial flagship


Emal and Dubal union helps lift merger fees 28%


Dubal and Mubadala complete acquisition of Guinea Alumina Corporation


Country is boosting role of Industrial sector, says 
Al Mansouri


UAE output, new orders up


Emirates Steel targets new range of structural steel for offshore installations


Borouge, Borealis reinforce commitment to continue providing North Africa customers with sustainable solutions


Emirati pride as world's longest potline structure is complete at EMAL


Borouge inaugurates its raw materials import service by container ships in Ruwais


Mubadala and Investment Corporation of Dubai establish US$15 billion Emirates Global Aluminium


EMAL wins H&S International Gold Award