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Top mideast aluminum maker says prices to remain under pressure

The biggest aluminum producer in the Middle East said prices for the metal would remain under pressure because of the global economic slowdown. ....

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Emirates Global Aluminium's 2022 profit surges to a record $2 bln

Emirates Global Aluminium (EGA), one of the world s largest aluminium producers, said on Tuesday its annual net profit for 2022 surged 34% to a record 7.4 billion dirhams ($2.01 billion) on higher prices for the metal.The United Arab Emirates firm said th ....

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Top Middle East aluminum producer posts record profit

Emirates Global, whose shareholders are considering an initial public offering, posted a record first-half profit as prices of the metal soared. ....

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EGA breaks new financial ground in Mideast with first SOFR facility

Emirates Global Aluminium, the largest industrial company in UAE outside oil and gas, has agreed to a revolving credit facility tied to Term Secured Overnight Funding Rate (SOFR) instead of LIBOR, thus breaking a new financial ground in the Middle East. ....

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EGA breaks new financial ground in Mideast with first SOFR facility

Emirates Global Aluminium, the largest industrial company in UAE outside oil and gas, has agreed to a revolving credit facility tied to Term Secured Overnight Funding Rate (SOFR) instead of LIBOR, thus breaking a new financial ground in the Middle East. ....

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