DUBAI / WAM Emirates Global Aluminium and PT Indonesia Asahan Aluminium (Inalum) on Tuesday announced the completion of the start-up of five pilot reduction cells at Inalum’s Kuala Tanjung aluminium smelter upgraded with EGA’s technological know-how. The pilot reduction cells are the first step in a larger planned project to upgrade a further 298 pots in Potlines 1 and 3 …

SHARJAH / WAM Sheikha Bodour Al Qasimi, Chairperson of the Board of Directors of the Sharjah Research, Technology and Innovation Park (SRTIP) chaired the first meeting of SRTIP’s  Board of Directors. The board, appointed by HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah in Emiri Decree No (48) of 2023, comprises renowned corporate …

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) welcomed the secondary listing of a $750 million Green Bond by Abu Dhabi Future Energy Company (Masdar), the global clean energy powerhouse based in Abu Dhabi. The ten-year bond, which was 5.6 times oversubscribed, carries a 4.875 percent coupon rate and will mature in July 2033. It aims to fund new …