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Arab Steel Summit

Emirates Steel

An agreement between Emirates Steel Arkan and SAP to enhance efficiency and sustainability

Emirates Steel, Arkan, signed an agreement with the global technology giant, SAP, with the aim of bringing together its operations in a unified cloud solution for enterprise resource planning, and increasing the flexibility and sustainability of its supply chain. Emirates Steel Arkan will adopt the “Rise with SAP” solution with the aim of transferring its …

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Emirates Steel Arkan cooperates with the Finnish Magsworthto Reduce CO2 emissions

Following COP28 commitment and contributing to the UAE First Long-Term Strategy (LTS) demonstrating commitment to Net Zero by 2050, Emirates Steel Arkan (ESA), one of the largest publicly traded steel and building materials manufacturers in the region, announced its strategic collaboration with MAGSORT, a Finnish decarbonization company, to drive an innovative initiative across its Al …

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CEO of Emirates Steel Group, Arkan: Emirates Steel’s share is between 60-65%

Saeed Ghumran Al Rumaithi, CEO of Emirates Steel Group Arkan, confirmed that the UAE is considered one of the few countries recording growth in demand for iron in light of the current global circumstances, indicating the company’s keenness to stabilize iron prices in the local market. Al-Rumaithi explained that the local market recorded an increase …

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Emirates Steel Arkan achieves profits of 602 million dirhams in 2023, with a growth of 18%

Emirates Arkan Steel announced an 18% growth in net profits to 601.9 million dirhams, compared to net profits of 510.2 million dirhams in 2022. These positive results reflect the strong demand from local and international customers for value-added products, the continuous improvement in the revenues and profits of the building materials unit, as well as …

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Emirates Steel Arkan signs a contract worth $2 billion with Bahrain Steel

Emirates Steel Arkan  announced that it has signed a 5-year contract with Bahrain Steel to supply iron ore pellets. The contract, worth about $2 billion (about 7.3 billion dirhams), was signed at the fourth meeting of the Integrated Industrial Partnership Initiative for Sustainable Economic Development, which was recently held in Bahrain. The new agreement will …

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Emirates Steel Arkan cooperates with Co&³A to support the decarbonization of the cement sector

Contributing to the UAE’s Net Zero by 2050 strategic initiative, Emirates Steel Arkan (ESA), one of the largest publicly traded steel and building materials manufacturers in the region, announced its strategic collaboration with renowned climate consulting firm A³&Co.® to drive an innovative decarbonization initiative across its Al Ain Cement Factory. The partnership, announced ahead of …

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Emirates Steel Arkan showcases its solutions to reduce carbon at (COP28)

Emirates Steel Arkan Group announced its broad participation in the work of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28). In line with the UAE’s strategic initiative to achieve climate neutrality, by 2050. Its goals are to combat climate change, reduce carbon emissions, and limit global warming. As …

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Emirates Steel Arkan and Masdar to develop first project to produce steel based on green hydrogen

Abu Dhabi Future Energy Company PJSC – Masdar, one of the world’s leading renewable energy companies, has partnered with Emirates Steel Arkan, (ADX: EMSTEEL), one of the largest publicly traded steel and building materials manufacturers in the region, to develop an innovative green hydrogen project to decarbonize the hard-to-abate steel sector in the UAE. The …

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Emirates Steel Arkan hosts a conference on the sustainability of the steel industry

Emirates Steel Arkan Group is hosting the 26th session of the Middle East Iron and Steel Conference, which will be held on November 20-22 in Dubai. During this event, the group will showcase its efforts in sustainable manufacturing, which supports the UAE’s climate neutrality strategy. This event brings together many senior decision makers to discuss …

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CEO of Emirates Steel Arkan: 300 million dirhams, the size of the company’s cash flow

Saeed Ghumran Al Rumaithi, CEO of Emirates Steel Arkan, stressed the company’s strong financial solvency, noting that the volume of its cash liquidity amounts to about 300 million dirhams. Al Rumaithi revealed, in a statement to CNBC, that the company had written off about 61% of its debt portfolio, bringing it down to about 420 …

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Electing Dr. Othman Al-Malaki as Chairman of the Technical Committee of the Arab Iron and Steel Union, and Eng. Mohamed Fouad Imam as Deputy

The first meeting of the Technical Committee of the Arab Iron and Steel Union was held today at the Royal Maxim Palace Kempinski Hotel in Cairo – Arab Republic of Egypt. It is a procedural meeting where the internal law of the Technical Committee was approved and Dr. Othman Al-Malaki, Executive Director of the Technology …

Electing Dr. Othman Al-Malaki as Chairman of the Technical Committee of the Arab Iron and Steel Union, and Eng. Mohamed Fouad Imam as Deputy Read More »

An agreement between Oman, Etihad Rail and Emirates Steel Arkan to transport limestone

Oman and Etihad Rail Company, the developer and operator of the railway network linking the Sultanate of Oman and the UAE, signed a memorandum of understanding with Emirates Steel Arkan , the largest iron and building materials Production Company in the UAE, to export raw materials from the Sultanate of Oman to the UAE. Under …

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Emirates Steel Arkan becomes member of multi-stakeholder ‘ResponsibleSteel’ organization

Emirates Steel Arkan , one of the largest publicly traded steel and building materials manufacturers in the region, announced that it has become a member of “ResponsibleSteel” under the business category. ResponsibleSteel is a global not-for-profit multistakeholder standard and certification initiative that serves as a driving force in the socially and environmentally responsible production of …

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Eng. Saeed Al-Rumaithi: Emirates Steel – Arkan is expanding in 3 new markets

Saeed Al Rumaithi, CEO of Emirates Steel Group – Arkan, confirmed that the company aims to demonstrate the flexibility of its results in the face of any market turmoil and to continue improving the company’s profitability. Al-Rumaithi said in an interview with Al-Khaleej: “The group owns 65% of iron sales in the local market, and …

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Emirates Steel achieves 55% of domestic sales and 45% of exports abroad in H1 2023

Engineer Saeed Ghamran Al-Rumaithi, CEO of Emirates Arkan Group, said that the company achieved strong financial performance during the first half of 2023, despite the challenges facing the industry, due to the increase in demand from the local market, as the percentage of the company’s sales of steel in the local markets amounted to about …

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Emirates Arkan Steel Group (EMSTEEL) continues its strong performance during the first half of 2023

Emirates Arkan Steel Company, EMSTEEL, recorded net profits during the first half of 2023 of about 280.5 million dirhams, an increase of 0.3%, compared to 279.9 million dirhams in the corresponding period of 2022. The company’s revenues in the first half amounted to about 4.43 billion dirhams, compared to 4.6 billion dirhams. The results of …

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Abu Dhabi Ports and Emirates Steel Arkan are cooperating with Japanese companies to establish a low-emission iron supply Complex

In the presence of His Highness Sheikh Hamed bin Zayed Al Nahyan, Member of the Executive Council of the Emirate of Abu Dhabi, and the Prime Minister of Japan, Fumio Kishida, the Abu Dhabi Ports Group and the Emirates Arkan Steel Group have concluded a cooperation agreement with the two Japanese companies, Itoshu Corporation and …

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Emirates Steel Arkan and Al Jazeera Steel Products sign a memorandum of understanding in the structural sections field

The Emirates Steel Arkan Group signed a memorandum of understanding with Al Jazeera Steel Products Company (AJSP), which specializes in manufacturing iron products in the Sultanate of Oman, to establish a strategic cooperation system that allows them to benefit more from their common experiences and seize new opportunities in the sector. The signing of the …

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Emirates Steel Arkan establishes two business management units

The Emirates Steel Arkan Group announced the adoption of a new operating model based on the establishment of two separate business units, the Emirates Steel unit and the building materials unit, with the aim of benefiting from the common strengths of the steel and building materials business. Each business unit will have a Chief Executive …

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Cooperation between Emirates Steel Arkan and Emirates Balanced Development in contributing to the “Emirates Villages” project

Emirates Council for Balanced Development signed a cooperation agreement with Emirates Arkan Steel Group in the presence of Suhail Al Mazrouei, Minister of Energy and Infrastructure, Emirates Council for Balanced Development member. The agreement comes within the active contribution framework to supporting the “Emirates Villages” project, which aims to develop Emirati villages at the developmental …

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UAE: Establishment of a low-emission iron production complex in Abu Dhabi

The Emirates Arkan Steel Group signed a memorandum of understanding with the Department of Economic Development in Abu Dhabi and the Japanese Company Itochu Corporation to conduct the necessary studies to establish an integrated Complex for low-carbon iron production in Abu Dhabi.  The new Complex, which Emirates Steel Arkan intends to develop in partnership with …

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Emirates Steel Arkan doubled its profits during the first quarter of 2023

Emirates Steel Arkan announced growth in its revenues and profits during the first quarter of 2023. Net profit amounted to 152.2 million dirhams, compared to 72.6 million dirhams for the same period in 2022, an increase of 110%. Several factors contributed to achieving the upbeat performance for the first quarter of 2023, including the increase …

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Emirates Steel Arkan: We have not reached any agreement regarding any potential acquisition

Emirates Steel Arkan said it had not reached any agreement regarding any possible acquisition deal in response to press reports that circulated during the past 48 hours. It stated that the discussions related to the acquisition deal mentioned in the media are still in very early stages, stressing that it will announce any material information …

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Emirates Steel Arkan is considering buying a stake in ThyssenKrupp Steel

Bloomberg news agency reported that Emirates Arkan Steel Company is studying the possibility of investing in ThyssenKrupp Steel Works and may make a formal offer in the coming months. The agency quoted sources familiar with the matter as saying that one of the options offered is the acquisition of a minority stake in ThyssenKrupp Steel …

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Emirates Steel Arkan: Events display the Group’s efforts in sustainability, safety, and innovation

Stemming from its leading position in the iron and building materials industry, Emirates Steel Arkan hosted internal events to display the Group’s efforts in sustainability, safety, and innovation. More than 500 employees and contractors attended these events, with the participation of more than 20 companies that presented their sustainability initiatives, innovative solutions, and safety equipment. …

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Emirates Steel Arkan signs the Climate Pledge for the real estate sector

Emirates Steel Arkan signed the climate pledge for the real estate sector, which is affiliated with Aldar Company and the Ministry of Climate Change and Environment. The signing of the pledge came within the ninth meeting of the “National Dialogue on Climate Ambition” series of meetings, which was held under the slogan “Reducing Carbon Rates …

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