VOL. XLII

No. 06

8-February-1999

UAE

Dubal Reports 1998 Sales Worth $700Mn; Balco To BeLiquidated

Dubai Aluminium (Dubal) reported export sales of 402,000tons of aluminium during 1998 worth a total of around $700mn, barely topping1997 exports of 399,000 tons. In a statement released by Dubal痴 ChiefExecutive Officer (CEO), Mr. Ian Rugeroni, Dubal redirected almost 25% of itsexports that normally go to Asia to Europe, the Mediterranean and North Africa.Mr. Rugeroni said that despite a 6% import tax...