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EGA logs AED3.4 billion in net profit, highest-ever production from mining to metal

ABU DHABI/ WAM Emirates Global Aluminium (EGA), the biggest industrial company in the United Arab Emirates outside oil and gas, today reported competitive financial results for 2023, with production records at every step of the company’s value chain. Despite the global aluminium market retreating from the record highs of 2022, EGA’s adjusted Earnings Before Interest, Tax, Depreciation and Amortisation (adjusted ...

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UAE-Kuwait trade exchange hits AED317 billion in ten-year: Report

ABU DHABI/ WAM The United Arab Emirates and Kuwait have strong economic and trade relations, evidenced by their trade exchange between 2013 and 2022 totalling AED317 billion, including AED63 billion for imports, AED85.5 billion for non-oil exports, and AED168.5 billion for re-exports. Trade exchange between the two countries has grown significantly, with a 120.5 percent increase over 10 years. In ...

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UAE President welcomes Emir of Kuwait on state visit to UAE

ABU DHABI/ WAM His Highness Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah, Emir of the State of Kuwait, arrived in Abu Dhabi today on a state visit to the UAE. President His Highness Sheikh Mohamed bin Zayed Al Nahyan personally headed the reception for His Highness the Emir and his delegation upon their arrival at the Presidential Airport. Also present at the ...

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