United Arab Emirates

EGA Mulling Debt Refinance

EGA Mulling Debt Refinance

UAE aluminium smelter Emirates Global Aluminium PJSC (EGA) is planning to refinance up to US$6.7 billion of its outstanding debt according to sources who spoke to industry media earlier this week. According to sources, the new deal will include refinancing some portion...

Events

EGA Reaches Landmark 30 MM Tonnes of Total Cast Aluminium

Emirates Global Aluminium PJSC announced yesterday that its operations have smelted over 30 million metric tons of cast aluminium since its operations began over a quarter century ago. Noting that the total aluminium smelted is equivalent to the cast metal weight of 60 Burj Khalifas, EGA points to significant production bumps including a record production […]

UAE Says Record of Fair Competition Justifies Exemption from Trump Aluminium Tariff

The United Arab Emirates has taken its position in the long line of aluminium-producing states seeking an exemption from United States President Donald Trump’s blanket 10-percent tariffs on aluminium imports that is set to kick in on Friday. The assistant undersecretary for foreign trade affairs for U.A.E.’s Ministry of Economy Juma Mohamed Al Kait relayed […]