Business

ABU DHABI: Abu Dhabi National Energy Company (TAQA) and JERA, Japan’s largest power generation company, today announced the financial closing of Najim Cogeneration Company Limited, a new industrial steam and electricity cogeneration plant that will pr…

The dollar traded near the lowest in more than a year on Thursday as a dovish Federal Reserve and fresh signs of weakness in the US job market backed the case for interest rate cuts.

The dollar fell below 145 yen mark.

The dollar index, which measur…

BEIJING: Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, said that Dubai-based Emirati companies had invested a total of $1.4 billion in the Chinese market from 2015 to 2023.

Lootah highlighted the increasing interest of Dubai-based …

ABU DHABI: E7 Group, part of ADQ and listed on the Abu Dhabi Securities Exchange, announced that it will commence the production of digital tax stamps in 2025, with a total investment of AED182 million. This investment will bolster its capacity to des…

ABU DHABI: The Central Bank of the UAE (CBUAE) has revoked the licence of Muthoot Exchange, an exchange house operating in the UAE, and struck its name off the Register, pursuant to Article 137 (1) of the Decretal Federal Law No. (14) of 2018 regardin…

ABU DHABI: Emirates Global Aluminium (EGA) today announced its intention to acquire 80 percent of the American aluminium recycling firm Spectro Alloys Corporation. The current owner-managers will retain a 20 percent shareholding.

EGA and Spectro Allo…

ABU DHABI: The Petroleum Products Trading Committee of Abu Dhabi held its third meeting of 2024, chaired by Dr. Saif Saeed Al Qubaisi, Acting Director-General of Regulatory Affairs at the Department of Energy and Chairman of the Committee.

The meetin…

ABU DHABI: Emirates Global Aluminium (EGA) today announced its intention to acquire 80 percent of the American aluminium recycling firm Spectro Alloys Corporation. The current owner-managers will retain a 20 percent shareholding.

EGA and Spectro Allo…