Latest Threads on News from companies

Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, announced the design contract award for a new district cooling plant in Business Bay, Dubai, with a capacity of 44,000 refrigeration tons. Construction is set to begin in late 2026. This initiative is part of Empower's strategy to meet the rising demand for sustainable cooling services in line with Dubai's urban growth. The new plant will expand Empower's Business Bay project, which already holds two Guinness World Records for its cooling capacity and coverage. Empower's CEO, H.E. Ahmad Bin Shafar, emphasized the project's role in supporting Dubai's sustainability goals by providing environmentally friendly cooling solutions and aligning with the Dubai 2040 Urban Master Plan. The company aims to continue enhancing its services and employing advanced technologies to maintain Dubai's leadership in the district cooling sector.

The Dubai Financial Market (DFM) released a weekly summary of regulated short sell transactions for the period from February 16 to February 20, 2026. The report includes details on short sell trade volumes and values for three securities: Emirates NBD PJSC with a trade volume of 1,870 and a trade value of AED 67,891.00, Emaar Properties PJSC with a trade volume of 300 and a trade value of AED 5,040.00, and Air Arabia PJSC with a trade volume of 800 and a trade value of AED 4,464.00. For more information on regulated short selling, the DFM Market Rules and related documents can be consulted on their website. The announcement is available on the DFM website, and the information provided is subject to change. DFM disclaims liability for any loss resulting from the use of the data and content in the document.

On 20 February 2026, Amlak Finance PJSC announced a meeting scheduled for Wednesday, 25 February 2026, at 1:00 PM. The agenda includes discussions on the company's normal business activities and updates. The authorized signatory for this announcement is Lama Takieddin, who holds the position of Head of Corporate Governance & Board Secretary.

The document provides the expiry settlement prices for Micro GME Oman Crude Oil Futures contracts expiring in February 2026. The contract series code is OMOIL J26, with an expiry settlement price of 70.63 USD and a contract ID of OIL2002 26001. This announcement is available on the Dubai Financial Market website. It includes a disclaimer stating that the information is subject to change and advises consulting the relevant Dubai Financial Market Regulated Derivative Contract Trading Regulation in case of any inconsistencies.

BHM Capital participated as a Diamond Sponsor in the 6th edition of the Taqdeer Award, a national initiative in the UAE recognizing excellence and institutional achievements. The award ceremony was attended by prominent figures, including His Highness Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum. BHM Capital's Chairman, Sheikh Dr. Ammar Nasser Ahmad Nasser Almualla, received a commemorative trophy for the sponsorship. The event also marked BHM Capital's 20th anniversary, highlighting its growth and commitment to the UAE's financial sector. The company's sponsorship of the Taqdeer Award is part of its broader social responsibility efforts, focusing on innovation, expansion, and sustainable value creation.

A new contract series for Oman Crude Oil Futures, specifically the April 2027 series, will be available for trading starting February 23, 2026. The contract, identified by the symbol OMOILJ27 and ISIN OIL190227001, will be listed on the Dubai Financial Market until February 19, 2027. Further information can be accessed on the Dubai Financial Market website. The document notes that the information is subject to change and emphasizes that the Dubai Financial Market Regulated Derivative Contract Trading Regulation takes precedence in case of any inconsistencies.

ONE App, powered by Al Salam Bank, has introduced a special digital auto finance offer for the Holy Month of Ramadan. This offer allows clients to apply for financing for new and used vehicles entirely through the app, without needing to transfer their salary or visit a branch. It features competitive profit rates, with new car financing starting at an annual profit rate of 5.1% and used car financing at 6.99%. The offer includes a grace period of up to six months and financing of up to 100% of a new car's value and 75% for used cars, with a repayment period of up to seven years. The initiative aims to provide flexible and accessible financing solutions, reflecting the app's commitment to meeting clients' needs during Ramadan. The offer is available to salaried Bahrainis and expatriates and can be accessed through ONE App.