Latest Threads on News from companies

On 28 August 2025, the Board of Directors of Amlak Finance PJSC passed a resolution by circulation regarding regular internal matters. This decision was made at 9:00 AM. The information was communicated to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, by Lama Takieddin, the Head of Corporate Governance and Board Secretary. A copy of this correspondence was also sent to the Securities & Commodities Authority.

TECOM Group has announced a AED 1.6 billion investment to expand its portfolio in Dubai Industrial City by acquiring 138 land plots covering 33 million square feet. This acquisition increases TECOM Group's total investments to AED 4.3 billion since last year and expands its land portfolio to over 209 million square feet. The move aims to meet the strong demand for commercial and industrial assets and aligns with long-term initiatives such as Operation 300bn, Make it in the Emirates, and the Dubai Economic Agenda 'D33'. Dubai Industrial City, a key manufacturing and logistics hub, is currently operating at a 99% occupancy rate. The acquisition, approved by TECOM Group's Board of Directors, is expected to enhance the appeal of Dubai Industrial City to manufacturing and logistics companies, supporting both existing and new customer needs. Abdulla Belhoul, CEO of TECOM Group, highlighted the strategic importance of this acquisition in reinforcing the UAE and Dubai's role as a global hub for foreign direct investment and advancing the country's manufacturing sector.

Emirates Glass, a subsidiary of Dubai Investments PJSC, has entered a five-year agreement with ClearVue Technologies Limited to produce solar glazing solutions in the UAE and GCC. This partnership will allow Emirates Glass to manufacture and distribute ClearVue's solar-integrated glass, which generates electricity from sunlight while maintaining clarity and insulation. The agreement supports the growing demand for sustainable building materials in the region, suitable for various building applications. The collaboration aligns with the UAE's sustainability goals, including the Net Zero by 2050 initiative, and enhances both companies' positions in the renewable energy and glass manufacturing sectors.

GFH Financial Group B.S.C. announced that one of its affiliated companies has received a final and non-appealable court judgment from the Court of Cassation in its favor. The judgment requires Diyar AlBahrain Real Estate Co. W.L.L. and its shareholders to jointly pay USD 24 million, or its equivalent in Bahraini Dinar, to Boulevard Alareen Real Estate Development Company. This decision is expected to have a positive impact on GFH Financial Group and its subsidiaries.

Emirates Central Cooling Systems Corporation PJSC (Empower) celebrated Emirati Women's Day 2025 under the theme 'Hand in Hand, We Celebrate 50 Years.' This event marks the 50th anniversary of the General Women's Union in the UAE, which has been instrumental in empowering women and acknowledging their role in society. Emirati Women's Day is an annual celebration recognizing the achievements and contributions of Emirati women across various fields, reflecting the progress in women's empowerment in the UAE. This progress aligns with the vision of the UAE's leaders and the objectives of the UAE Centennial 2071. Empower's CEO, Ahmad Bin Shafar, highlighted the significant role of Emirati women in the company's operations, with women holding senior management positions and making up more than 62% of the female workforce. He emphasized their importance in advancing sustainable development and contributing to a green economy based on innovation and sustainability.