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EGA to supply bauxite from Guinea mine to China’s Xinfa

ABU DHABI / WAM Emirates Global Aluminium (EGA) on Monday announced that it has signed an agreement with Xinfa to supply bauxite from its Guinea Alumina Corporation (GAC), bauxite mine in the Republic of Guinea to the Chinese company for the next five years. Under the agreement, EGA will supply Xinfa with millions of tonnes of bauxite each year from ...

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Driverless vehicles likely to hit UAE roads in 2021: Esma chief

ABU DHABI / WAM Driverless vehicles may hit the UAE roads in 2021 as the UAE is preparing to become the first country in the world to have regulations on autonomous vehicles, a top official told Emirates News Agency (WAM) on Monday. “We will announce first draft of the standards and regulations for autonomous vehicles on Tuesday in the 5th ...

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ADX’s ‘pattern day trader’ to woo investors

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX), has given approval for Pattern Day Trader (short-term trading). The product is available for customers through brokerage firms licensed by ADX and the Securities and Commodities Authority (SCA), based on laws set by said authorities to protect investors. ADX made provision for Pattern Day Trader in order to attract more investors ...

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