Friday , 26 December 2025

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Emirates Global Aluminium gets $600mn revolving credit facility

ABU DHABI / WAM Emirates Global Aluminium (EGA), on Monday announced it has secured a $600 million revolving credit facility with a syndicate of UAE and international banks. According to a press release issued by EGA on Monday, the three year committed facility, priced at a competitive margin, replaces uncommitted facilities extended to EGA separately by a number of banks. …

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China solar industry seeking support amid virus outbreak

Bloomberg China’s leading solar association called on the government to provide support to the industry as measures to contain the outbreak of a virus are hampering the restart of manufacturing activity. The China Photovoltaic Industry Association (CPIA) is asking policy makers to delay tariff cuts for solar power, deputy secretary Liu Yiyang said. The group is also seeking subsidies or …

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Stalled PennEast pipeline wins backing

Bloomberg A controversial $1 billion shale gas pipeline that’s been stalled by a dispute over whether it can seize state-owned land for construction won the backing of the nation’s top energy regulator. PennEast had sought the support of the Federal Energy Regulatory Commission (FERC) after a court decision prevented it from exercising eminent domain in New Jersey. Its developers — …

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