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Ta’ziz, Reliance form JV for $2b chemicals project in Ruwais

Abu Dhabi / WAM Abu Dhabi Chemicals Derivatives Company RSC Ltd (Ta’ziz) and Reliance Industries Limited (RIL), have agreed to launch Ta’ziz EDC & PVC, a world-scale chemical production partnership at the Ta’ziz Industrial Chemicals Zone in Ruwais. The new joint-venture will construct and operate a Chlor-Alkali, Ethylene Dichloride (EDC) and Polyvinyl Chloride (PVC) production facility, with an investment of ...

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UAE condemns Houthi attempts to target Saudi

ABU DHABI / WAM The UAE has strongly condemned the Houthi terrorist militias’ attempts to target civilians and civil sites in Saudi Arabia with two ballistic missiles and bomb-laden drone, which were intercepted and destroyed by the Coalition Forces. In a statement released by the Ministry of Foreign Affairs and International Cooperation (MoFAIC) on Tuesday, the UAE said recurrent terrorist ...

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UAE non-oil trade stood at AED18.3trn over 50 years

Abu Dhabi / WAM The total value of UAE’s non-oil trade over the past 50 years stood at AED18.3 trillion ($5 trillion), including AED11.8 trillion in imports, AED2.2 trillion in non-oil exports, and AED4.3 trillion in re-exports, according to the Federal Competitiveness and Statistics Centre (FCSC). The contribution of non-oil exports and re-exports to the UAE’s total non-oil foreign trade ...

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