Emirates Global Aluminium PJSC (EGA), the UAE’s industrial powerhouse, has picked leading banks to arrange a potential initial public offering (IPO) that could rank among the Middle East’s largest listings. The deal could value the company at between USD 10 billion and USD 15 billion, according to p ...
Change is the one rhythm life never stops playing. It sweeps through seasons, reshapes routines, and just as seamlessly, redefines the faces steering organisations forward. In business, a leadership shift is never just a new title on a desk, but a turning point that can spark reinvention, resilience ...
US President Donald Trump’s administration has launched its most ambitious effort since the 1970s to expand America’s maritime influence, with a mission to weaken China’s worldwide port network and bring strategic terminals under Western control, three sources familiar with the plan said.
Officia ...
Rio Tinto, in partnership with Founders Factory, has unveiled six new investments spanning laser-based superdeep drilling, ecosystem restoration, robotic revegetation solutions, mineral waste valorisation for extracting critical metals and nature and biodiversity monitoring. The investments reflect ...
The aluminium industry is entering a new phase. For decades, the global market has been defined by surplus. Inventories on the London Metal Exchange (LME) underpinned a thriving financing trade, and China’s vast production growth kept supply more than abundant. But that picture is changing fast. The ...
Non-ferrous metal prices are on the rise, fueled by a mix of global influences, where LME aluminium prices have seen a 5 per cent increase over the last month. Heightened geopolitical tensions, a weaker dollar index and dwindling inventories are all contributing to the strength seen in key commoditi ...
Qatar Industrial Manufacturing Company (QIMC) has acquired Qatar Oman Investment Company’s (QOIC) entire 7 per cent stake in Qatar Aluminium Extrusion Company (QALEX), raising its holding to 52 per cent.
In a statement on the Qatar Stock Exchange (QSE) website, QOIC said the move forms part of a ...
Xiaomi is pulling back nearly 117,000 units of its debut EV, the SU7, after discovering a software flaw in its driver-assistance system that could compromise safety in rare scenarios. The move comes just months after a fatal highway crash involving the sedan intensified scrutiny on the young automak ...
Rowan Digital Infrastructure has secured over USD 1 billion to advance the development of its Maryland data centre campus. The company announced this week that it closed an additional USD 1.24 billion in construction financing to support the second phase of its flagship hyperscale facility at TPG’s ...
