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Net income of Emirates International Aluminum in 2017

Media In – Dubai February 27, 2018 WAM Emirates International Aluminum Company announced today that its net income for the year 2017 was AED 3.3 billion ($ 900 million), an increase of 59 per cent compared to 2016. The company’s revenues rose to 20.5 billion dirhams ($ 5.6 billion) in …

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Abu Dhabi trade of iron, steel and copper in 2017

Media In – Abu Dhabi, February 27, 2018  The value of trade in the Emirate of Abu Dhabi from the iron, steel and copper industries to AED 22 billion in 2017 grew by about 4% compared to AED 21.16 billion in 2016. Abu Dhabi’s trade accounted for 13.7% of the …

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UAE stocks float more than half a billion dirhams

MediaIn – Abu Dhabi, February 26, 2018 The value of liquidity has doubled and has risen above half a billion dirhams, according to daily monitoring during the second session of the week in the UAE capital markets. The Abu Dhabi Securities Market index rose to 4,593 points, up 0.25%, to …

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ADNOC enters into a franchise agreement with Inpex

Media In – Abu Dhabi, February 26, 2018 Abu Dhabi National Oil Company (ADNOC) signed an agreement with Japan’s INPEX Company, under which the latter acquired a 10% stake in the Lower Zakum offshore concession. According to the agreement, the Japanese oil development company Zacom Lower, “Godko Zakum inferior” owned …

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