Latest Threads on News from companies

Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, is marking World Refrigeration Day on June 26, 2025, by emphasizing the importance of district cooling in improving quality of life and promoting sustainability. Empower is a key partner in global initiatives like "District Energy in Cities" and the "Cool Coalition" by the United Nations Environment Programme, which aim to promote energy-efficient and environmentally friendly cooling solutions. Empower's CEO, Ahmad Bin Shafar, stated that cooling is essential for a sustainable future and highlighted Dubai's leadership in district cooling. Empower, founded in 2003, has become a global leader in district cooling, using advanced technologies and AI to save up to 50% of energy compared to traditional systems. The company promotes environmental awareness in the UAE and aligns with the Dubai Clean Energy Strategy 2050, which aims to make Dubai a global hub for clean energy with a low carbon footprint.

Dubai Investments has initiated construction on Asayel Avenue, a new residential cluster within the AED 2.2 billion Mirdif Hills development in Dubai. The project, developed by Dubai Investment Real Estate, will feature 193 residential apartments with modern layouts, premium finishes, and smart living technologies. Asayel Avenue aims to enhance community living with wellness amenities and landscaped spaces. Construction began in the second quarter of 2025, with completion expected by the second quarter of 2027. The project reflects Dubai Investments' commitment to quality and sustainable urban development.

The letter, dated 24 June 2025, is addressed to Mr. Hamed Ahmed Ali, the CEO of the Dubai Financial Market. It references an upcoming General Meeting scheduled for 30 June 2025. Due to an official holiday on 27 June 2025, it is noted that shareholders registered by 26 June 2025 will have the right to vote at the meeting. The letter is signed by Lama Takieddin, Head of Corporate Governance and Board Secretary, with a copy sent to the Securities & Commodities Authority.