The dollar index was trading 0.42% lower at 102.71
Markets3 days ago
Dubai — Aiming to solidify ties with the European market and take advantage of growth opportunities, Emirates Global Aluminium, or EGA, will participate at Gifa 2015, which takes place in Germany from June 16 to 20.
Taking place every four years, Gifa provides a platform for industry networking as well as showcasing innovations that will shape the future of the sector. It is the largest aluminium exhibition in Europe and the most important trade fair in the world for foundry technology.
Ranked among the world’s five largest primary aluminium producers, EGA’s core operating subsidiaries Dubai Aluminium and Emirates Aluminium have a combined annual production of 2.4 million tonnes per annum. This also makes EGA the largest primary aluminium producer in the GCC region, accounting for approximately 50 per cent of total regional production capacity.
Europe is EGA’s second-largest market, with almost a quarter of EGA’s total annual production being exported to Europe each year (23 per cent in 2014).
“Given that the European Union as a whole needs to import approximately 60 per cent of its primary aluminium requirements, there is abundant opportunity for us to achieve continued growth in sales to Europe,” said Walid Al Attar, chief marketing officer of EGA.
The dollar index was trading 0.42% lower at 102.71
Markets3 days ago
Spot gold rose 0.52% to $1,855 per ounce by 9.10am UAE time
Markets3 days ago
Saudi Arabia’s benchmark index dropped 0.8 per cent, extending Thursday’s losses, with Saudi National Bank down 2.6 per cent and oil behemoth Saudi Aramco down 1.4 per cent
Markets4 days ago
The 30-share Sensex was trading at 53,271.67
Markets1 week ago
Despite the US dollar falling heavily overnight, prices fell 0.53 per cent on Wednesday
Markets1 week ago
Shares fall over 25% and tracking worst day since Black Monday crash on Oct. 19, 1987
Markets1 week ago
The dollar index was trading 0.11% higher at 103.47
Markets1 week ago
Spot gold dropped 0.25% to $1,810.19 per ounce at 9.15am UAE time
Markets1 week ago