Latest news with #ManufacturingSector


Zawya
25-06-2025
- Business
- Zawya
EMSTEEL celebrates graduation of 62 Emirati trainees from accelerated Masaar programme
Abu Dhabi, United Arab Emirates: EMSTEEL (ADX: EMSTEEL) ('the Group'), one of the largest publicly traded steel and building materials manufacturers in the region, today announced the successful graduation of 62 Emirati trainees (49 men and 13 women) from the company's flagship Masaar talent-development programme, marking the first cohort to complete the newly revamped one-year 'accelerated' track introduced in 2024. The group includes 43 operations specialists and 19 support-function professionals, holding roles such as Graduate Engineer and Technical Trainee. Launched in 2019, Masaar was created to equip fresh graduates with the technical, behavioural and professional skills required to propel the UAE's industrial sector. To date, 180 Emiratis have enrolled, building a robust talent pipeline for EMSTEEL's steel and cement businesses and supporting the nation's Emiratisation goals. Engineer Saeed Ghumran Al Remeithi, Group CEO of EMSTEEL, commented: 'The graduation of this cohort reflects EMSTEEL's strategic commitment to developing national talent that directly supports the UAE's industrial and economic objectives. Masaar has been carefully designed to align with our operational needs while contributing to the country's broader Emiratisation agenda. These graduates are now positioned to take on critical roles across our value chain and help shape the future of the manufacturing sector.' The accelerated model shortens the programme to 12 months while retaining blended learning, credit-hour milestones and career coaching, ensuring faster deployment of qualified talent. Two additional cohorts are scheduled to graduate in August and in November of 2025, bringing this year's total of Masaar graduates to 101. EMSTEEL currently boasts an impressive Emiratisation rate of 52%, reflecting its long-standing commitment to developing and retaining skilled UAE nationals across all levels of the organisation. In addition, the company ranks third in Emiratisation within the UAE's industrial sector, underscoring its leadership in advancing national workforce priorities. About EMSTEEL EMSTEEL is a public joint stock company (ADX: EMSTEEL) and the UAE's largest steel and building materials manufacturer. The Group leverages cutting-edge technologies to supply both the local market and over 70 international markets with high-quality finished products, creating a one-stop shop for the manufacturing and construction sectors. EMSTEEL is committed to contributing to the UAE's industrial strategy 'Operation 300 billion' by delivering market-leading products to support local industries, creating job opportunities for UAE Nationals, and enhancing its sustainable practices. The Group is a global leader in low-carbon steel production and is aligned with the UAE's Net Zero by 2050 Strategic Initiative. Headquartered in Abu Dhabi, EMSTEEL operates 16 state-of-the-art plants, with a production capacity of 3.5 million tonnes of steel and 4.6 million tonnes of cement annually, fuelling the nation's most iconic projects. EMSTEEL is majority owned by ADQ, an active sovereign investor with a focus on critical infrastructure and supply more information, please visit our website: For Media enquiries, please contact: Mohammad Daggamseh Manager of Media and Communications Email: Ziad Baig Account Manager Email: zbaig@
Yahoo
09-05-2025
- Business
- Yahoo
New claims for jobless benefits in Michigan surge sharply
New weekly unemployment claims in Michigan rose by nearly 130% for the week ending May 3 compared with the week prior, the U.S. Department of Labor said on May 8. New claims, a proxy for layoffs, rose to 12,287 in the week ending May 3, up from 5,381 the week prior, the labor department said. It wasn't immediately clear why new jobless claims rose at such a steep rate compared with the week prior. New claims for unemployment insurance have been hovering around 6,000 for the last few months at slightly elevated levels compared with similar periods in the last two years. There were 228,000 seasonally adjusted initial claims for unemployment benefits in the U.S. for the week ending May 3, a decrease of 13,000 claims compared with the week prior. Michigan's unemployment rate has exceeded the national average in recent months. The state's jobless rate rose for the third consecutive month in March, increasing to 5.5%, up from 4.2% the same month a year ago, according to the most recent data from the Michigan Department of Technology, Management and Budget. More on Michigan's unemployment rate: Michigan's unemployment rate continues to increase, exceeding national average More on Michigan's economy: Inflation is slowing. Wages are up. So why does life feel costly for many Michiganders? The manufacturing and professional and business services sectors were the industries that saw the steepest job losses in March, the department said. Manufacturing declined by 5,000 jobs in March compared with the month prior, while the professional and business services sector lost 4,000 jobs in that time. Several companies with employees in Michigan have filed WARN Act notices with the state in recent months, a notice that employers must give to employees and local government officials before they execute a mass layoff or close an employment site and a sign that new claims for unemployment insurance could increase as workers lose their jobs. For example, Akasol, an electric vehicle battery maker, ended production in Michigan in April and laid off 188 workers in Warren and Hazel Park. Flagstar Bank said in February that it would lay off about 400 employees because plans to transfer them to another company were canceled. Contact Adrienne Roberts: amroberts@ This article originally appeared on Detroit Free Press: Michigan sees a sudden rise in unemployment claims