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UAE’s Cepas with Türkiye, Indonesia come into force

ABU DHABI / WAM  Two of the United Arab Emirates’ Comprehensive Economic Partnership Agreements (Cepa) will come into force on September 1, promising to deliver a new era of trade and investment cooperation with two rapidly emerging global economies. The UAE-Türkiye Cepa and the UAE-Indonesia Cepa will now remove or reduce tariffs on a vast array of goods, eliminate unnecessary ...

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EGA announces net profit of AED2.0 billion for H1 2023

DUBAI / WAM  Emirates Global Aluminium (EGA) on Thursday reported competitive financial performance for the aluminium sector in the first half of 2023, announcing a net profit of AED2.0 billion ($533 million). EGA announced H1 2023 adjusted Ebitda of AED4.2 billion ($1.1 billion). EGA’s aluminium segment adjusted Ebitda margin was 27 percent, leading global industry peers. The company also reported ...

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UAE, Palau sign initial air services pact in principle

ABU DHABI / WAM The UAE, represented by the General Civil Aviation Authority (GCAA), signed an air services agreement in its initials with the Republic of Palau, at the authority’s headquarters in Dubai. The agreement was signed on behalf of the UAE by Saif Mohammed Al Suwaidi, Director-General of the GCAA, and on behalf of Palau by Gustav Aitaro, Minister ...

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