The Middle East’s biggest aluminum producer said it may take as long as a year to restore full output at its Abu Dhabi plant, following an Iranian attack a week ago. Emirates Global Aluminium said the Al Taweelah smelter went into emergency shutdown, after suffering significant damage from missiles and drones. The company has completed an initial damage assessment of the facilities in the United A...
The Middle East’s biggest aluminum producer said it may take as long as a year to restore full output at its Abu Dhabi plant, following an Iranian attack a week ago. Emirates Global Aluminium said the Al Taweelah smelter went into emergency shutdown, after suffering significant damage from missiles and drones. The company has completed an initial damage assessment of the facilities in the United Arab Emirates and is in contact with customers whose shipments may be impacted, it said in a statement Friday. The Middle East accounts for about 9% of global aluminum production, but the impact of the war is being amplified because constraints on output elsewhere have eroded inventories , leaving the market with little buffer to cushion any shocks. Even before the attacks on EGA’s facilities, the industry was bracing for more production cuts as Strait of Hormuz disruptions affected the flow of raw materials for the region’s plants. “To resume operations at the smelter, EGA must repair infrastructure damage and progressively restore each of the reduction cells,” the company said in the statement. “Early indications are that a complete restoration of primary aluminum production could take up to 12 months.” Aluminum prices have climbed more than 10% on the London Metal Exchange since the start of the Iran war. Al Taweelah is one of the world’s biggest smelters, producing 1.6 million tons of cast metal in 2025. Other facilities at the site in Abu Dhabi, including an alumina refinery and a metals recycling plant, could resume some production earlier, pending a final damage assessment, EGA said. Read: Top Gulf Aluminum Producer EGA Halted Output After Iran Strike “We are working directly with customers whose deliveries might be impacted by the situation at Al Taweelah,” EGA Chief Executive Officer Abdulnasser Bin Kalban said in the statement. Iran also hit Aluminium Bahrain’s smelter in the Persian Gulf on March 28. The company known as Alba said it’s assessing damages.
Judge threw out 10 of Lively’s 13 claims against her It Ends With Us director and co-star on Thursday as trial nears Justin Baldoni’s lawyers have responded after most of Blake Lively ’s claims against the director were dismissed by a federal judge yesterday. Judge Lewis Liman threw out 10 of the 13 claims that Lively had made against Baldoni, including allegations of sexual harassment, conspiracy...
Judge threw out 10 of Lively’s 13 claims against her It Ends With Us director and co-star on Thursday as trial nears Justin Baldoni’s lawyers have responded after most of Blake Lively ’s claims against the director were dismissed by a federal judge yesterday. Judge Lewis Liman threw out 10 of the 13 claims that Lively had made against Baldoni, including allegations of sexual harassment, conspiracy and defamation. Continue reading...
The Federal Communications Commission is considering banning the import of Chinese equipment from a group of manufacturers after previously barring approvals of new models in 2022, Reuters reported on Friday. Earlier in 2021, the FCC added telecommunications and video surveillance equipment produced by Huawei Technologies, Hikvision, Hytera, Dahua and ZTE ( ZTCOF ) ( ZTCOY ) to its so-ca...
The Federal Communications Commission is considering banning the import of Chinese equipment from a group of manufacturers after previously barring approvals of new models in 2022, Reuters reported on Friday. Earlier in 2021, the FCC added telecommunications and video surveillance equipment produced by Huawei Technologies, Hikvision, Hytera, Dahua and ZTE ( ZTCOF ) ( ZTCOY ) to its so-called "Covered List", citing national security risk. Then, in November 2022, FCC said it would not authorize the import or sale of new models from these Chinese companies. As per the Reuters report , the FCC said it was seeking comment on whether to bar the continued importation of equipment from the listed Chinese firms approved for sale in the U.S. before the 2022 order. In 2025, the FCC also secured a majority vote on its proposal to impose new restrictions on Chinese companies that manufacture telecom equipment to ease national security concerns. More on Zte Wall Street's most oversold tech stocks amid Middle East disruptions Historical earnings data for Zte Dividend scorecard for Zte Financial information for Zte Historical earnings data for Zte
The Pentagon’s proposed fiscal 2027 budget blueprint is seeking 85 Lockheed Martin Corp . fighter jets — up from 47 requested last year — in a significant boost for the largest US weapons program. The Air Force is the program’s largest customer and the breakdown includes 38 of the F-35A version of the jet for that branch, in addition to 10 F-35B short-takeoff and vertical-landing Marine Corps jets...
The Pentagon’s proposed fiscal 2027 budget blueprint is seeking 85 Lockheed Martin Corp . fighter jets — up from 47 requested last year — in a significant boost for the largest US weapons program. The Air Force is the program’s largest customer and the breakdown includes 38 of the F-35A version of the jet for that branch, in addition to 10 F-35B short-takeoff and vertical-landing Marine Corps jets and 37 F-35C aircraft carrier models, according to the Office of Management and Budget. The F-35 numbers are part of a budget request from President Donald Trump that is asking lawmakers to approve $1.5 trillion for defense, a massive increase that’s paired with sharp cuts to domestic programs. Details on the F-35s will be among the most scrutinized elements of military hardware within the administration’s blueprint. Friday’s budget plan comes with the US-Israeli war on Iran well into its second month and polls showing significant numbers of Americans uncertain about the president’s handling of the conflict. F-35C jets from the USS Abraham Lincoln are currently flying missions in operations over Iran. Overall, the $1.5 trillion sought is broken up into a $1.15 trillion base request and additional $350 billion from a forthcoming reconciliation bill that Congress will fund on a separate legislative track than the established appropriations path. Thirty-two F-35s are slated to be paid for through the base budget, with the remaining jets covered in the reconciliation bill. The Pentagon accounts for 95% — about $1.45 trillion — of the broader national security request, with the remainder for other agencies or programs, such as nuclear weapons development and the Federal Bureau of Investigation. The proposal represents a 42% increase in national security spending over what Congress enacted for this fiscal year, OMB says. Read More: Trump $2.2 Trillion Budget Pairs Defense Boost With Agency Cuts While the Pentagon is slated to release fuller details on April 21, including five-ye...