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InvestorAct is a financial news platform that provides the latest news, analysis, and press releases for companies in the UAE

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Latest Threads on News from companies

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Dubai Financial Market News profile image
Dubai Financial Market News
9 hours ago
News Update From Emirates Central Cooling Systems Corporation PJSC
Disclosure: Press release

Emirates Central Cooling Systems Corporation PJSC (Empower), the largest provider of district cooling services globally, is participating as a Diamond Sponsor in the IDEA Campus Energy Conference 2026 in Washington, USA, for the third consecutive year. The event, organized by the International District Energy Association (IDEA), runs from February 17 to 20, 2026, under the theme 'Advancing Thermal Networks' and attracts over 1,300 attendees worldwide. Empower's involvement aligns with its strategy to promote sustainable solutions and enhance energy efficiency in modern cities through district cooling. The company emphasizes the energy savings and operational efficiency of district cooling compared to traditional systems, contributing to reduced emissions and improved urban living standards. Empower aims to share its expertise and explore collaboration opportunities to develop innovative energy solutions. CEO Ahmad Bin Shafar highlighted the company's commitment to efficient and sustainable energy solutions and the importance of the conference for discussing the future of district cooling. Empower has established an advanced operational model focused on innovation and efficiency, resulting in resource savings and service reliability.

1. Disclosure: Press release

Dubai Financial Market News profile image
Dubai Financial Market News
10 hours ago
News Update From Union Properties PJSC
Disclosure: Press release regarding financial results for the year 2025

Union Properties PJSC announced its audited financial results for 2025, highlighting a significant performance improvement and the proposal of a cash dividend of AED 3 Fils per share, marking the first dividend in 11 years. The company reported a 39.4% increase in total revenue, reaching AED 736.9 million compared to AED 528.7 million in 2024. Operating profit rose to AED 240.7 million from AED 161.8 million in 2024, and the company achieved a record cash balance of AED 494.2 million. These results reflect disciplined financial management and a focus on value-driven projects. The return to dividend distribution indicates a new era of financial resilience and positions the company for sustainable growth. CEO Eng. Amer Khansaheb stated that 2025 was a turning point, with enhanced profitability and full repayment of legacy debt, setting a solid foundation for future growth in 2026.

1. Disclosure: Press release regarding financial results for the year 2025

Dubai Financial Market News profile image
Dubai Financial Market News
11 hours ago
News Update From Dubai Financial Market PJSC
DFM News: Suspend trading on UNIKAI shares starting from 11:00 AM as its Extraordinary General Assembly is being held today, 16/02/2026 and until resolutions are disclosed
Dubai Financial Market News profile image
Dubai Financial Market News
11 hours ago
News Update From Dubai Financial Market PJSC
DFM News: Reminder: Extraordinary General Assembly of UNIKAI is being held on 16/02/2026

1. DFM News: Reminder: Extraordinary General Assembly of UNIKAI is being held on 16/02/2026

Dubai Financial Market News profile image
Dubai Financial Market News
19 hours ago
News Update From Dubai Islamic Insurance and Reinsurance Co.
Disclosure: Preliminary financial results for the year of 2025

1. Disclosure: Preliminary financial results for the year of 2025

Dubai Financial Market News profile image
Dubai Financial Market News
19 hours ago
News Update From Gulf Navigation Holding PJSC
Disclosure: Preliminary financial results for the year of 2025

1. Disclosure: Preliminary financial results for the year of 2025

Dubai Financial Market News profile image
Dubai Financial Market News
19 hours ago
News Update From AL SALAM Sudan
Disclosure: Financial statements for the 4th QTR of 2025

The document contains the financial statements of AL Salam Bank-Sudan, a limited liability company, as of December 31, 2025. It includes an independent auditors' report.

1. Disclosure: Financial statements for the 4th QTR of 2025

Dubai Financial Market News profile image
Dubai Financial Market News
19 hours ago
News Update From Takaful Emarat (PSC)
Disclosure: Preliminary financial results for the year of 2025

Takaful Emarat Insurance (P.S.C) is a public shareholding company based in Dubai, United Arab Emirates, registered under Federal Law No. (6) of 2007. It was established on May 18, 2008, and is listed in the insurance companies register under number 86 since October 14, 2008. The company's paid-up, subscribed, and authorized capital is AED 210.70 million. The Chairman of the Board is Mr. Nooraldeen Subhi Atatreh, and the CEO is Mr. Adnan Sameer Saba El-Aish. The external auditor is Grant Thornton Audit and Accounting. The company's contact information includes a mailing address (P.O. Box 57589, UAE), phone number (+971 4-230 9300), fax number (+971 4-230 9333), and email (a.sabaalaish@takafulemarat.com). The customer service contact number is 600 522 550 and the email for customer relations is customerrelations@takafulemarat.com.

1. Disclosure: Preliminary financial results for the year of 2025

Dubai Financial Market News profile image
Dubai Financial Market News
19 hours ago
News Update From Drake & Scull International P.J.S.C
Disclosure: Clarification from the company

The preliminary financial results for 2025 show a significant improvement in the company's operational and financial performance, with revenues rising to AED 223.8 million from AED 103.7 million in 2024, marking over 100% growth. The group also reported a consolidated net profit of AED 47 million, leading to an increase in total group equity from AED 151.8 million to AED 195.4 million, indicating ongoing recovery and stabilization. A recent media report inaccurately stated that the company recorded losses of AED 75.6 million. The company clarified that this figure represents the net loss attributable to equity holders of the parent company after accounting for subsidiary results based on ownership interests. This amount includes certain provisions and adjustments in line with IFRS and excludes non-controlling interests, which amounted to AED 122.7 million. The company emphasized that focusing solely on this figure, without considering the consolidated net profit, does not accurately reflect the group's overall financial performance. This clarification aims to ensure an accurate presentation of the company's financial results.

1. Disclosure: Clarification from the company

Dubai Financial Market News profile image
Dubai Financial Market News
19 hours ago
News Update From Dubai Islamic Insurance and Reinsurance Co.
Disclosure: Preliminary financial results for the year of 2025

1. Disclosure: Preliminary financial results for the year of 2025

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