Latest Threads on News from companies

Emirates Central Cooling Systems Corporation PJSC (Empower) concluded its summer campaign 'Set and Save at 24°C', which ran from June to September 2025, achieving the highest community engagement in over a decade. The campaign encouraged approximately 148,000 customers to set their air conditioner thermostats to 24°C to reduce district cooling consumption. This initiative helped raise awareness about optimized energy use and supported customers in lowering their energy bills, fulfilling Empower's social responsibility to promote responsible energy consumption. Empower's CEO, H.E. Ahmad bin Shafar, highlighted the campaign's success in increasing awareness and contributing to environmental goals by optimizing energy resources and reducing carbon emissions. The campaign is part of Empower's ongoing commitment to sustainability and energy efficiency, supporting the UAE's vision of a low-carbon economy. Empower also maintained efficient district cooling services throughout the summer without disruptions, despite high temperatures.

Tabreed and Johnson Controls have entered a long-term agreement to advance cooling technology, focusing on energy-efficient chillers that align with climate neutrality goals. This collaboration aims to enhance energy efficiency, reliability, and cost-effectiveness in district cooling, supporting regional climate strategies and corporate ESG priorities. The partnership will involve deploying next-generation centrifugal chillers and using Johnson Controls' platforms for performance analytics and system optimization. The agreement signifies Tabreed's expansion and commitment to growth, while Johnson Controls highlights the potential for improved cooling performance and reduced environmental impact.

The Dubai Financial Market's Chief Executive Officer, Mr. Hamed Ahmed Ali, has been notified that the Board of Directors of Dubai Taxi Company P.J.S.C. will issue a Board Resolution by circulation on September 24, 2025. This resolution will pertain to the approval of certain internal matters concerning the company's business operations. The notification is signed by Vicken Khochafian, the Board Secretary and Governance Director, with a copy sent to the Securities and Commodities Authority.

Agility Public Warehousing Company K.S.C.P has announced its intention to hand over several sites to the Public Authority for Industry (PAI) as per the Authority's directives. The sites include Mina Abdullah 20 (262,500 m²), Mina Abdullah 21 (380,800 m²), Al Jahra Craft Area (Expansion) (244,000 m²), and Sulaibiya Craft Area Expansion (46,340 m²). Agility reserves the right to seek legal action to extend the contracts for these sites, citing the inability to utilize them for the full contractual periods.

The document is a critical notice requiring immediate attention from shareholders of the Islamic Arab Insurance Company (SALAMA). Shareholders uncertain about the actions to take should seek independent financial advice from a licensed adviser in the UAE. If shares have been sold or transferred, the document should be forwarded to the new owner or relevant agent. The implementation of a transaction is contingent on approval of resolutions at the SALAMA General Meeting and receipt of necessary regulatory approvals, including those from the UAE Central Bank, the Securities and Commodities Authority (SCA), and a Sharia compliance opinion. SCA's approval of the document does not equate to approval of the transaction itself and the SCA is not responsible for the document's content accuracy. The SALAMA Board is accountable for the document's authenticity and completeness. The document's distribution may be restricted outside the UAE, and recipients should comply with local laws to avoid legal violations.

A meeting for Amlak Finance PJSC is scheduled for Wednesday, 24 September 2025, starting at 3:00 PM. The agenda includes discussions on normal business activities and updates. The authorized signatory for the meeting is Lama Takieddin, who holds the position of Head of Corporate Governance & Company Secretary.

BHM Capital Financial Services has successfully increased its share capital by AED 200 million through the issuance of new shares, raising the total capital to AED 400 million. The subscription received strong demand from shareholders, exceeding the number of offered shares, indicating investor confidence in the company's performance and strategic vision. The allocation of new shares will occur on 25 September 2025, and they will be listed for trading on the Dubai Financial Market from 26 September 2025.

BHM Capital Financial Services, a leading financial institution in the UAE, has completed a capital increase of AED 200 million, doubling its total share capital to AED 400 million. This was achieved through the issuance of new shares to existing shareholders, with demand exceeding the number of shares offered. The increase was approved by the General Assembly in April 2025 and aims to enhance the company's liquidity and support its growth plans, including investments in technology and regional expansion. The company's leadership expressed confidence in the strategic direction and financial stability, emphasizing the potential for sustainable growth and long-term value for shareholders.