close

policy

We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Agree
Disagree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Gender
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

 
 
Latest News

UAE’s Emal to invest in $3.8B in production boost

Emirates Aluminium (Emal), a joint venture between Abu Dhabi's Mubadala and Dubai Aluminium (Dubal), plans to invest $3.8 billion for its phase two development as it ramps up production to become the single largest greenfield smelter in the world, its chief executive said.

0

December 12, 2011 1:08 by



“Phase two, which we have just started rolling will have an investment of $3.8 billion,” Saeed Fadhel Mazrouei told a forum of United Arab Emirates and German businesses in Abu Dhabi on Monday.

The first phase investment totalled $5.7 billion he said.

German companies are actively involved in building Emal’s facilities with 23 German firms securing contracts worth $243 million in the first phase. In the second phase, German companies have already bagged contracts worth $184 million, he said.

Emal has received loan facilities of $220 million from the German Export Credit agency, Mazrouei also said.

Current production is 750,000 tonnes per year, rising to 800,000 tonnes by the end of 2012, he said.

Production will rise further to 1.4 million tonnes annually when phase two gets operational in 2014, he said.

In August, Emal said it had awarded $700 million in contracts for an expansion project it plans to complete by 2014.

Emal’s products are exported to 280 companies in 36 countries, Mazrouei said. (Reporting by Stanley Carvalho; Editing by Jon Loades-Carter)



0

Tags: , , , , , , ,

Leave a Comment