DUBAI / WAM Emirates Global Aluminium (EGA) on Tuesday reported adjusted earnings before interest, taxes, depreciation and amortisation (adjusted Ebitda) of AED4.1 billion ($1.13 billion) for 2020, a 63 percent increase over 2019. EGA’s smelting Ebidtda margin for 2020 was 23 percent (2019: 14 percent), ranking amongst the best globally, the company said on Tuesday. EGA flexed its aluminium product ...

Abu Dhabi / WAM The UAE gross bank assets, including bankers’ acceptances, rallied to AED3.172 trillion by the end of January 2021, figures by the central bank of the UAE have shown. Gross credit in banking system likewise grew from AED1.779 trillion by the end of December 2020 to AED1.779.2 trillion in January, with total bank deposits going up to ...

NEW DELHI / WAM The largest number of Indians returning to the jobs they had left abroad last year due to disruptions caused by the coronavirus pandemic has been to the Gulf, India’s External Affairs Minister, Dr S Jaishankar, told Parliament on Monday. “The focus of our efforts in the last few months has now shifted to Indians going back ...