One million tonnes of alumina produced at EGA’s Al Taweelah since April

Abu Dhabi: Emirates Global Aluminium (EGA) on Monday announced that Al Taweelah alumina refinery in Abu Dhabi has produced one million tonnes of alumina since operations began in April. Al Taweelah alumina refinery is now expected to reach sustained production at its nameplate capacity during the first half of 2020. The refinery is expected to […]

China to cut tariffs on food, tech from list worth $389 billion

Beijing: China cut import tariffs on a wide range of goods including food, consumer items and parts for manufacturing smartphones, continuing Beijing’s drive to lower trade barriers and spur domestic demand. The Ministry of Finance on Monday published a list of 859 types of products that will enjoy tariffs lower than the standard rates for […]

Tesla secures more than $1.4b in financing from China

Beijing: Tesla Inc. clinched more than 10 billion yuan ($1.4 billion) in financing from local banks for its Shanghai factory as it prepares to begin deliveries of China-made Model 3 sedans in the country, people familiar with the matter said. An announcement will probably be made as soon as this week, one of the people […]

Multinational company to build 1,000 new apartments in Masdar City by 2021

Abu Dhabi: 1,000 new residential apartments will be built in Masdar City by 2021 after the group reached an agreement with a UAE-based multinational company for the mega project. Located on the outskirts of Abu Dhabi, Masdar City is already home to 1.500 residents and 700 companies, with Masdar’s executive director of sustainable real estate […]