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Al Hilal to fund UAE steel plant projectAl Hilal Bank, a leading UAE-based Islamic bank, has allocated Dh430 million ($117 million) to partially fund a plant expansion project of Emirates Steel Industries, the UAE’s largest steel manufacturer. The fund allocation is part of a m More… |
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ADIB inks $1.1bn Emirates Steel finance dealAbu Dhabi Islamic Bank (ADIB) said it has arranged a Dh4 billion ($1.1 billion) Islamic finance facility, the largest project finance deal in the UAE, for Emirates Steel Industries (ESI), the UAE’s leading steel maker, to help its expansion projec More… |
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Emirates Steel sees H1 sales surge 30pcAbu Dhabi's Emirates Steel Industries (ESI) saw its sales volume increase by 30 per cent during the first half, compared to the same period last year, a company statement said. The firm also increased its output by 45.4 per cent during the More… |
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ESI commissions Abu Dhabi steel plantEmirates Steel Industries (ESI), wholly-owned by the government of Abu Dhabi, has started commissioning its new Dh802 million ($218 million) steelmaking plant at Mussafah. The construction of the country’s first integrated steelmaking More… |
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Emirates Steel plans to boost outputState-owned Emirates Steel Industries is going ahead with its expansion plans despite the global slowdown and aims to boost output to 1.85 million tonnes next year, a senior executive said. "We believe there will be sufficient demand to ab More… |
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ESI gets product conformity certificateAbu Dhabi-based Emirates Steel Industries (ESI) became the first company to obtain Dubai Central Laboratory's (DCL) mandatory Certificate of Product Conformity, following a circular in this regard by Dubai Municipality last year. The c More… |
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ESI sales revenue up by 135pcEmirates Steel Industries (ESI) said sales revenue to the end of third quarter this year reached close to Dh3 billion ($816.8 million), an increase of 135 per cent compared to Dh1.3 billion it achieved for the same period the previous year. More… |
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Danieli wins $1bn UAE steel plant dealItalian foundry equipment maker Danieli has won a $1 billion contract to expand a steel plant in Abu Dhabi, the plant owner said. Abu Dhabi state-owned General Holding Corp (GHC) said in a statement the deal was part of a $4.5 billion plan More… |
