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steel Tosyali

Turkish steel giant Tosyali could partner with Saudi firms for $5bn expansion 

Tosyali is pursuing investment opportunities in Europe and the Americas as it aims to become one of the world’s top 30 iron and steel producers

Alat unveils two business units in manufacturing push

Saudi Arabia’s Alat unveils electrification, AI Infrastructure business units

The firm plans to invest $100bn by 2030 to develop key partnerships and build advanced manufacturing capabilities

Recycling plastic

Global plastic treaty talks: What do countries and companies want?

The treaty is meant to address plastics through their entire lifecycle – from when they are produced, to how they are used and then disposed of

Masdar and EGA form alliance to work together on aluminium decarbonisation

Masdar, EGA join forces to drive aluminium decarbonisation

As part of the agreement, Masdar and EGA will collaborate on several fronts, including exploring joint development of renewable energy projects

EGA to acquire recycled aluminium producer Leichtmetall

UAE’s EGA to acquire German recycled aluminium firm Leichtmetall

The deal, which is the aluminium producer’s first major acquisition since its formation in 2014, is expected to close during the first half of 2024

defense - defence

Saudi Arabia signs deals worth over SAR20bn at World Defense Show 2024

The contracts cover a wide range of defence technologies and initiatives, with a focus on enhancing military equipment and infrastructure

Dubatt unveils first fully integrated battery recycling plant_Image_Dubai Media Office

UAE’s first battery recycling plant to power circular economy

Dubatt Battery Recycling’s fully integrated battery recycling plant – the first of its kind in the UAE – has been formally inaugurated at Dubai Industrial City

Amit Midha, Global CEO of Alat

Amit Midha to lead PIF-owned Alat as global CEO

Midha, a seasoned business leader with experience across Asia, the US, India, and Singapore, joins Alat from Dell Technologies

Ikea furniture price discount

Your next Ikea purchase could come at a discount as raw material costs ease

The furniture retailer has announced price cuts in Germany – its biggest market by sales – as well as Sweden and the UK

UAE launches industrial decarbonisation roadmap Image WAM

COP28: UAE launches industrial decarbonisation roadmap

The action plan set out in the roadmap will cut 90 million tonnes of carbon dioxide annually

EDGE Group companies sign a series of deals at Dubai Airshow Image Supplied

EDGE inks key deals at airshow, includes Dhs239m UAS deal with defence ministry

In line with one of the deals signed, EDGE will integrate its guided-glide weapon solutions onto aircraft and other Calidus platforms

Google looks to India for Pixel phone manufacturing to India Google pixel image: Google (X)

Google looks to India for Pixel smartphone manufacturing

Google counts India as a key growth market, where most smartphones run on its Android ecosystem

PIF-SABIC

Saudi’s PIF to create steel giant with $3.3bn Sabic deal

The deal is expected to close before the end of the first quarter of 2024

UAE’s Emirates Steel Arkan posts $76.4m in H1 profit

UAE’s Emirates Steel Arkan posts $76.4m in H1 profit

The robust profitability in the first half of the year was driven by continued high demand for the company’s steel products and stable margins

Saudi Arabia acquires stake in critical metals mining company Vale SA

Manara Minerals to get stake in Vale as Saudi Arabia moves in on critical metals

The question of who controls the critical metals needed to both sustain and decarbonise the world’s economies has turned into a global flashpoint

Groundbreaking ceremony KEZAD Group Al Jazeera Steel-Products Image Kezad

KEZAD Group, Al Jazeera Steel Products break ground for Dhs250m rolling mill

The 450,000 tonnes per annum medium section mill will produce railway steel parts and other products

steel Tosyali

Tata Steel says it won’t reach emissions goal with current tech

Global steelmakers face technological hurdles as well as massive costs to green their operations

Emirates Stell Arkan introduces new operating model Image credit Emirates Steel Arkan

UAE’s Emirates Steel Arkan introduces new operating model, creates 2 separate units

The new operating model has resulted in the creation of two separate business units – Emirates Steel and Building Materials

KEZAD, Tubacex production facility

KEZAD, Tubacex to build OCTG-CRA production facility in Abu Dhabi

The facility will enable Tubacex to establish a strong presence in the UAE while reaching out to its global network of clients

Make it in the emirates forum Dhs10bn in offtake agreements announced Image Credit MoIAT MIITE

Make it in the Emirates Forum: New offtake deals worth Dhs10bn announced

Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, announced more than 30 innovative industrial projects valued over Dhs6bn on the first day of the forum

‘Make it in the Emirates Forum’ opens in Abu Dhabi

The two-day forum will showcase investment opportunities within the local industrial sector, product development and redirecting procurement towards the national economy

emirates steel arkan DNV to boost decarbonisation through five-year collaboration Image credit emirates steel arkan

Emirates Steel Arkan, DNV to drive decarbonisation in steel, building materials industry

The two entities have signed a Decarbonization Strategic Collaboration Agreement as part of a five-year collaboration

AD Ports Group, Vale to jointly develop low-carbon mega hub for steel industry photo WAM AD Ports

AD Ports Group, Vale to develop low-carbon mega hub for steel industry

Land and related services from KEZAD will be allocated for the ‘Mega Hub’, in addition to the development and management of a high-tech handling facility at Khalifa Port

Aramco, PIF and China’s Baosteel steel JV

Aramco and PIF set up JV to build steel plant with China’s Baosteel

The steel manufacturing base has a designed annual capacity of 2.5 million tonnes of direct reduced iron and 1.5 million tonnes of steel plate

EGA decarbonisation drive

EGA joins Australia’s HILT CRC to advance decarbonisation goals

The UAE firm is the first HILT CRC industry partner with operations entirely outside Australia

GMG's new Dubai Investment Park facility is one of the UAE’s largest food manufacturing facilities

GMG eyes global expansion, launches four food manufacturing units

GMG’s Dubai Investment Park facility – one of UAE’s largest food manufacturing facilities – includes three factories to process added-value meat, poultry, and seafood items

Emtelle, KEZAD ink build to suit deal with

UK’s Emtelle, KEZAD Group join hands to build $50m manufacturing facility

The production facility will be located on a 48,000 sqm land plot that will be leased under a build-to-suit agreement with KEZAD

EGA full year net profit

UAE’s EGA posts $2bn in full-year net profit on higher prices

The company paid its shareholders a total of Dhs3.7bn consisting of an interim dividend of Dhs2.2bn in July and a further D1.5bn at the end of 2022

Oman oil driller Abraj Energy hires banks for $500m IPO

Omani ministry signs nickel extraction agreement with UK’s Knights Bay

The first mining agreement is Oman’s first with a foreign investor

Shareek programme to suppport Saudi Arabia's private sector

Aramco, ACWA Power, SABIC to receive support from Saudi’s Shareek programme

The first wave of supported projects, which will have strategic impact on several economic sectors, will benefit from investments worth SAR192.4bn