Emirates Aluminium Global (EAG) has plans to become an international aluminium conglomerate

Emirates Aluminium Global (EAG), which is under formation, has said it plans to become an international aluminium conglomerate with interests from bauxite mining to aluminium refining and carbon production, Khaleej Times has reported. EAG will comprise several umbrella companies operating in different segments within the aluminium industry at global scale, said Saeed Fadhel Al Mazrooei, the president and CEO of Emirates Aluminium (Emal).

Bahrain's Gulf Petrochemical Industries Co (GPIC) has posted record export and production levels and profit that exceeded expectations during the month of August, thanks to improved employee efficiency and production processes, Gulf Daily News has reported. The petrochemicals firm said its total production during last month was around 135,523 tonnes, the highest since it launched operations in 1985. Total exports for the year so far reached of 764,742 tonnes, said GPIC.

The National Industrialisation Company of Saudi Arabia (Tasnee) has said it has completed due diligence on a further 16m strategic investment in Australia's Dyesol, a leading developer of dye solar cell technologies that can applied on buildings and rooftops to generate electricity, Saudi Gazette has reported. An original investment of 4m from Tasnee was announced in February. According to chairman Richard Caldwell the then 4m investment could increase up to 20m within 18 months, subject to due diligence. Tasnee is the second-largest producer of titanium oxide in the world. It also owns several titanium mines in Australia.