ABU DHABI/WAM Emirates Global Aluminium, the largest ‘premium aluminium’ producer in the world, on Monday announced the completion of the acquisition of a majority stake in American aluminium recycling firm Spectro Alloys Corporation. The acquisition means that EGA now has production on four continents, from bauxite mining to aluminium recycling. Spectro Alloys adds significantly to EGA’s existing business in the ...

ABU DHABI/WAM The Arab Monetary Fund (AMF) reported a significant growth in the assets of the banking sector in the Arab countries, rising to $4.574 trillion at the end of 2023, up from $4.355 trillion in 2022, marking a 5 percent growth. The AMF’s Financial Stability Report for Arab countries highlights that banks in the UAE hold the largest share ...

ABU DHABI/WAM The United Arab Emirates continues to support the brotherly Palestinian people in overcoming the humanitarian challenges faced by the residents of the Gaza Strip. The Operation Chivalrous Knight 3 team distributed potable water to medical points and areas where displaced people have gathered in Khan Yunis as part of a campaign aimed at alleviating the suffering of patients ...