Voting results on Tuesday showed that Riyadh won the right to host the World Expo 2030, in another diplomatic victory for a Gulf country after Qatar hosted the FIFA World Cup last year. The cities of Busan in South Korea and Rome in Italy competed with Riyadh to host the World Expo, which is held …
Saudi Arabia wins hosting of Expo 2030 World Exhibition Read More »
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 …
At a time when the General Authority for Roads and Land Transport is studying the completion of bids for the tender work of study, design and preparation of documents for the railway project in its first phase, a government report stated that the tender No. (1 AH I/I) for the project of study work, detailed …
5% of Kuwait’s share of the Gulf Railway, with a length of 111 km Read More »
The foundation stone was laid yesterday in the Special Economic Zone in Duqm for an integrated factory project to produce green iron from hydrogen, with investments exceeding $3 billion (one billion and 158 million Omani riyals), to serve as a new start for industrial development in the Sultanate of Oman. The project implemented by Folken …
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 …
Emirates Steel Arkan showcases its solutions to reduce carbon at (COP28) Read More »
Deputy Minister of Industry and Mineral Resources for Mining Affairs, Engineer Khalid bin Saleh Al-Mudaifer, confirmed that the mining strategy in the Kingdom of Saudi Arabia will enhance the increase in demand for steel in the Kingdom during the next ten years. This came during his participation in the activities of the Arab Mining Conference …
Saudi Arabia mining strategy boosts steel demand for the next ten years Read More »
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 …
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 …
Emirates Steel Arkan hosts a conference on the sustainability of the steel industry Read More »
According to the General Authority for Statistics, the average price of a ton of rebar in the Kingdom of Saudi Arabia in October 2023 ranged between 2,678.39 and 4,032.55 Saudi riyals, with an increase of between 0.46% and 1.14%, with the exception of 6 mm rebar, with a decrease of 1.37% compared to September 2023 …
Average rebar prices in the Kingdom of Saudi Arabia Read More »
Jordan Steel Company announced rebar prices for November, unchanged from the prices of October, the prices for Grade 60 EXW, between 432 and 440 dinars per tonne, excluding sales tax. However, with sales tax, it is between 515 and about 525 dinars per tonne. Grade Price without tax Price with tax Sales / tonnes …
Dr. Sultan bin Ahmed Al Jaber stressed that the UAE’s hosting of this conference, which will be the largest international conference hosted by the country, and the most important global conference focused on addressing the repercussions of climate change, is a source of pride and pride for all citizens and residents, and a historical milestone …
Sultan Al Jaber: 160 heads of state and government participate in “COP28” Read More »
Saudi Pipe Company won contracts to supply steel pipes for oil and gas to Tenares Global Service in Uruguay, worth 105 million Saudi riyals. The company said in a statement to Tadawul Saudi Arabia, today, Wednesday, that the contracts were awarded and signed on November 8 for a period of 8 months. The financial impact …
The Central Agency for Public Tenders authorized the General Authority for Roads and Land Transport to complete bids for the detailed study and design project agreement, and to prepare documents for the first-stage railway tender, after the Authority opened the 9 bids submitted for the tender. Authority sources pointed out that completing the agreement’s bids …
The Saudi Basic Industries Corporation (SABIC), one of the largest petrochemical companies in the world, announced on Thursday that it had recorded a decline of about 17 percent in third-quarter revenues and a net loss. SABIC said in a disclosure that it recorded a net loss of 2.88 billion riyals ($768 million) during the three …
Saudi Arabia: “Hadeed” allocations cost “SABIC” 2.88 billion riyals Read More »
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 …
CEO of Emirates Steel Arkan: 300 million dirhams, the size of the company’s cash flow Read More »
CEO of Riyadh Steel Company, Ahmed bin Abdulkarim Al-Nafi, said that the company has a plan to establish a new factory near the city of Riyadh, which will allow it to expand and diversify the types of products offered to customers. In an interview with Arqaam, Al-Nafi pointed out that regional iron consumption is expected …
The profits of Al-Jazeera Steel Company, which operates in the iron pipe industry, rose to 2.41 million Omani riyals (19 baisa/share) by the end of the first nine months of 2023, compared to profits of 2.18 million riyals achieved in the same period in 2022, as the following table shows: Income List Period September 2022 …
Al Jazeera Steel’s profits increased by 11% during January – September 2023 Read More »
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 …
An agreement between Oman, Etihad Rail and Emirates Steel Arkan to transport limestone Read More »
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 …
Emirates Steel Arkan becomes member of multi-stakeholder ‘ResponsibleSteel’ organization Read More »
Jordan Steel Company announced rebar prices for October for 60 EXW, between 432 and 440 dinars per tonne, excluding sales tax. However, with sales tax, it is between 515 and about 525 dinars per tonne. Grade Price without tax Price with tax Sales / tonnes Sales / tonnes Min Max Min Max 60 432 …
Jordan Steel announces rebar prices for October 2023 Read More »
Arab Iron and Steel Union was established in Algeria in 1972 as the first Arab Union of the Arab countries to be founded under the Council of Economic Unity umbrella in the League of Arab States.
It is the first Arab organization to specialize in the iron and steel field, and its tasks fall within making plans aimed mainly at developing and growing the iron and steel industry in the Arab world.
Arab Iron and Steel Union comprises a wide range of multi-activity companies related to the iron and steel industry from the Arab countries.
General Secretariat
Tel +21323304221 Fax +21323304254
Mail: [email protected]
Cairo Regional Office
Tel +20233356219 Fax +20233374790
Mail: [email protected]
