Latest Threads on News from companies

Deyaar Development PJSC has announced the launch of Downtown Residences in Dubai, a significant real estate project featuring twin towers that will become one of the UAE's tallest vertical residential communities at 445 meters with over 110 floors. This ambitious development is strategically located within the area known as the golden triangle, encompassing Sheikh Zayed Road, Downtown Dubai, and Business Bay. It aims to be a new architectural icon in the city with a completion date set for the fourth quarter of 2030. The project will offer a range of luxury living options, including premium apartments, duplexes, penthouses, and a Royal Palace. Amenities will include co-working spaces, AI yoga pods, spas, and dining options. Positioned near the Business Bay metro station, the residences will provide views of downtown Dubai, the Burj Khalifa, the Arabian Gulf, and Sheikh Zayed Road. The development includes 522 residences, and Deyaar's CEO, Saeed Mohammed Al Qatami, stated that the project is intended to set a new standard for luxury living and create investment opportunities, contributing to Dubai's growth and development.

A new series of equity futures contracts will be available for trading starting on June 12, 2025, with a de-listing date of September 18, 2025. These contracts, part of the September 2025 SSFs Contract Series, include futures for companies such as AIRARB, ANSRI, ARMX, DEWA, DEYAAR, DFM, DFMGI, DIB, DIC, DU, EMAAR, EMPWR, EMRDEV, ENBD, GFH, SALIK, and SHUAA. This announcement is from the Dubai Financial Market, and further details can be found on their website. The information provided is subject to change, and the Dubai Financial Market Regulated Derivative Contract Trading Regulation takes precedence in the event of any discrepancies.

Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority (license number 630307, commercial license number 200219), is headquartered in Dubai, UAE. The main office is located at The H Hotel, Office Tower, 15th Floor, Office No. 1502. The company can be contacted via phone at +971 (4) 330 3600 and fax at +971 (4) 330 3550. On June 9, 2025, the company's Board of Directors made decisions by circulation, including the election of Ms. Hamda Eid Al Muhairi as Vice Chairman of the Board. Other business-related matters were also addressed. The communication was directed to Mr. Hamid Ahmed Ali, the CEO of Dubai Financial Market, by Islam Mahrous, the Chief Compliance Officer.

The text outlines the margin parameters for DFM Futures effective from June 10, 2025. It lists various underlying symbols traded on the Dubai Financial Market (DFM) along with their respective base margin percentages, currencies, base margins per contract, and spread margins per contract. The document also mentions that the methodology for margin calculation and types of eligible margins can be found in the Derivatives Clearing Guidelines and Procedures available on the Dubai Clear website. Additionally, it states that the announcement is available on the DFM website. A disclaimer notes that the information is subject to change and emphasizes that the Dubai Financial Market Regulated Derivative Contract Trading Regulation will prevail in case of any inconsistency.

Ahmad Bin Shafar, CEO of Emirates Central Cooling Systems Corporation (Empower), delivered a keynote address at the IDEA 2025 Conference and Exhibition in the United States. He highlighted the importance of district cooling systems in achieving sustainable development, enhancing energy efficiency, and reducing carbon emissions. Bin Shafar emphasized that district cooling is essential for countries aiming to transition to a low-carbon economy. He shared Empower’s growth story in Dubai, attributing its success to strategic vision, government support, and investment in infrastructure and technology. He advocated for international legislation to encourage the adoption of district cooling systems, highlighting their benefits in operational efficiency, cost reduction, and emissions control.

On 8 April 2025, Emirates Islamic Bank (EIB) announced it received a notification from Emirates NBD Bank (ENBD) regarding the mandatory acquisition of all EIB shares from shareholders who did not accept ENBD's offer, aiming for 100% ownership of EIB's share capital. The notice period for this mandatory acquisition ended on 7 June 2025. As of 9 June 2025, neither EIB nor ENBD received any objections to the acquisition. EIB will instruct the Dubai Financial Market (DFM) to suspend trading of its shares starting 10 June 2025. All remaining EIB shares not already held by ENBD will be re-registered in ENBD's name around 13 June 2025, and ENBD will settle any cash payments due to the remaining EIB shareholders.