Emirates Global Aluminium is looking to decarbonise its operations. Source: Mubadala
Emirates Global Aluminium is looking to decarbonise its operations. Source: Mubadala
Emirates Global Aluminium is looking to decarbonise its operations. Source: Mubadala
Emirates Global Aluminium is looking to decarbonise its operations. Source: Mubadala

EGA begins supplying aluminium made using solar energy and recycled metal to BMW


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Emirates Global Aluminium, the UAE’s largest industrial company outside the oil and gas sector, has begun supplying aluminium made using solar power and recycled metal to BMW.

The German car maker has been using the aluminium, called CelestiAL-R, to manufacture electric drivetrain housings, engine components and large-scale structural parts since the beginning of the year, EGA said on Thursday.

“BMW Group’s demand for the highest quality metal produced in the most responsible way has accelerated our progress in sustainability,” said EGA chief executive Abdulnasser bin Kalban.

“Our goal is to steadily increase the proportion of recycled metal in CelestiAL-R, to further reduce the carbon intensity of our metal and thereby the cars we drive,” he said.

CelestiAL solar aluminium blended with recycled metal significantly reduces carbon dioxide emissions in metal production, reaching less than four tonnes of CO2 equivalent per tonne of aluminium, depending on the alloy used, EGA said.

In January, EGA teamed up with beverage producers, can makers and waste management companies to launch an aluminium recycling initiative in the UAE.

The Aluminium Recycling Coalition aims to drive a “step-change” in the Emirates by promote aluminium recycling by consumers, particularly beverage cans, EGA said at the time.

Last year, EGA announced plans to build an aluminium recycling plant with an annual capacity of 150,000 tonnes as it looks to decarbonise its operations.

It was also the first Middle East-based company to join the Aluminium Stewardship Initiative, a global body that sets sustainability standards for the industry.

EGA, one of the world’s largest aluminium producers, has smelters in Abu Dhabi and Dubai, an alumina refinery in Abu Dhabi and a bauxite mine in Guinea.

The UAE is the fifth-largest aluminium producing country in the world. EGA’s aluminium is the biggest made-in-the-UAE export after oil and gas and is shipped to more than 50 countries.

In November, EGA purchased clean energy certificates for 1.1 million megawatt hours of electricity supplied by the Emirates Water and Electricity Company.

The certificates track the use of solar power from Noor Abu Dhabi, one of the world’s largest single-site solar power plants.

  • Amea power built a new school, more than doubling the size of the previous building. All photos: Andy Scott / The National
    Amea power built a new school, more than doubling the size of the previous building. All photos: Andy Scott / The National
  • The solar plant has brought new industries to the village and provided small-scale retail opportunities
    The solar plant has brought new industries to the village and provided small-scale retail opportunities
  • Just two years ago, only six children proceeded to sixth grade - this year 100 per cent will
    Just two years ago, only six children proceeded to sixth grade - this year 100 per cent will
  • Children in Bitta want to learn and have a hunger for knowledge
    Children in Bitta want to learn and have a hunger for knowledge
  • Salomon Agbogan, managing director of Diwa industries
    Salomon Agbogan, managing director of Diwa industries
Know before you go
  • Jebel Akhdar is a two-hour drive from Muscat airport or a six-hour drive from Dubai. It’s impossible to visit by car unless you have a 4x4. Phone ahead to the hotel to arrange a transfer.
  • If you’re driving, make sure your insurance covers Oman.
  • By air: Budget airlines Air Arabia, Flydubai and SalamAir offer direct routes to Muscat from the UAE.
  • Tourists from the Emirates (UAE nationals not included) must apply for an Omani visa online before arrival at evisa.rop.gov.om. The process typically takes several days.
  • Flash floods are probable due to the terrain and a lack of drainage. Always check the weather before venturing into any canyons or other remote areas and identify a plan of escape that includes high ground, shelter and parking where your car won’t be overtaken by sudden downpours.

 

RESULTS

2.15pm: Al Marwan Group Holding – Handicap (PA) Dh40,000 (Dirt) 1,200m
Winner: SS Jalmod, Antonio Fresu (jockey), Ibrahim Al Hadhrami (trainer)

2.45pm: Sharjah Equine Hospital – Maiden (PA) Dh40,000 (D) 1,000m
Winner: Ghallieah, Sebastien Martino, Jean-Claude Pecout

3.15pm: Al Marwan Group Holding – Handicap (PA) Dh40,000 (D) 1,700m
Winner: Inthar, Saif Al Balushi, Khalifa Al Neyadi

3.45pm: Al Ain Stud Emirates Breeders Trophy – Conditions (PA) Dh50,000 (D) 1,700m
Winner: MH Rahal, Richard Mullen, Elise Jeanne

4.25pm: Sheikh Mansour bin Zayed Al Nahyan Cup – Prestige Handicap (PA) Dh100,000 (D) 1,200m
Winner: JAP Aneed, Ray Dawson, Irfan Ellahi

4.45pm: Sharjah Equine Hospital – Handicap (TB) Dh40,000 (D) 1,200m
Winner: Edaraat, Antonio Fresu, Musabah Al Muhairi

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

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Company profile

Date started: 2015

Founder: John Tsioris and Ioanna Angelidaki

Based: Dubai

Sector: Online grocery delivery

Staff: 200

Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends

UAE currency: the story behind the money in your pockets
Match info:

Burnley 0

Manchester United 2
Lukaku (22', 44')

Red card: Marcus Rashford (Man United)

Man of the match: Romelu Lukaku (Manchester United)

How does ToTok work?

The calling app is available to download on Google Play and Apple App Store

To successfully install ToTok, users are asked to enter their phone number and then create a nickname.

The app then gives users the option add their existing phone contacts, allowing them to immediately contact people also using the application by video or voice call or via message.

Users can also invite other contacts to download ToTok to allow them to make contact through the app.

 

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Updated: June 15, 2023, 8:30 AM