Latest Threads

Empower, the world's largest district cooling services provider, is enhancing its collaboration with Yokogawa Electric Corporation to improve efficiency and sustainability in district cooling systems. A meeting at Empower's headquarters in Dubai discussed future partnerships in advanced cooling solutions. Empower's CEO, Ahmad Bin Shafar, highlighted the company's achievements, including 86 new contracts in the first half of the year, expanding its capacity to 1.86 million refrigeration tons (RT) and serving 1,684 buildings. The collaboration with Yokogawa has already resulted in Yokogawa upgrading Empower's Building Management Systems and conducting a successful energy-saving pilot study. The partnership aligns with Empower's vision to support the UAE's Net Zero 2050 Strategy through smart technologies and advanced infrastructure. Yokogawa, a leader in industrial automation and digital transformation, has been active in the Middle East and Africa for over 35 years.

Emirates NBD is set to acquire a majority stake in RBL Bank through a primary infusion of approximately USD 3 billion, marking the largest foreign direct investment and equity raise in the Indian banking sector to date. This transaction, approved by both banks' boards, highlights Emirates NBD's commitment to the Indian market and involves a preferential issue of up to 60%, subject to regulatory approvals. Emirates NBD will also make an open offer for an additional 26% stake from RBL Bank's public shareholders. The deal will lead to the amalgamation of Emirates NBD's India branches with RBL Bank, enhancing RBL Bank's balance sheet and growth potential. This investment underscores the strategic importance of India within the India-Middle East-Europe Economic Corridor and strengthens economic ties between India and the UAE. The partnership aims to leverage Emirates NBD's capital and regional presence with RBL Bank's established distribution network in India, supporting growth and innovation in the financial sector.

On 18 October 2025, the Board of Directors of Emirates NBD Bank held a meeting where they approved a proposal to acquire between 51% and 74% of the equity share capital of RBL Bank Limited, an Indian banking company. The Board specifically approved the acquisition of up to 60% of RBL Bank's equity through a subscription of up to 959,045,636 fully paid equity shares at INR 280 per share, totaling up to INR 268,532,778,080.

On 17 October 2025, Amanat Holdings PJSC issued a Board of Directors Resolution by circulation, approving the renewal of a related party transaction with Al Ramz Capital. This renewal, which maintains the same terms as those disclosed on 17 July 2024, involves the provision of liquidity provider services and is valid until 18 October 2026, with an option for automatic renewal. The resolution also covers other ordinary business matters. The notification was addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, with a copy sent to the Securities and Commodities Authority.

The Dubai Financial Market (DFM) issued a weekly summary for Regulated Short Sell (RSS) transactions for the period from October 13 to October 17, 2025. During this period, no RSS trades were conducted. For more information on RSS, individuals can refer to the DFM Market Rules and Operational Model available on the DFM website. The announcement is also accessible on the DFM's market announcements page. A disclaimer notes that the information is subject to change and DFM is not liable for any losses resulting from the use of this information.

SHUAA Capital p.s.c. is a financial investment company based in Dubai, United Arab Emirates, located at The H Hotel Dubai, Office Tower, Level 15. It is licensed and regulated by the U.A.E. Securities and Commodities Authority. The company's contact details include a telephone number, fax number, email, and website. On October 17, 2025, the Board of Directors of SHUAA Capital approved resolutions by circulation concerning customary business-related matters. The communication was addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and signed by Islam Mahrous, the Chief Compliance Officer.

Date: 17 October 2025 Mr. Hamed Ahmed Ali, Chief Executive Officer of Dubai Financial Market, is informed about the upcoming Earnings Call Meeting of Emirates NBD Bank, scheduled for Thursday, 23 October 2025, at 2:00 PM. The meeting will discuss the financial results for the third quarter, which ended on 30 September 2025. Further details can be found on Emirates NBD's Investor Relations website. The letter is from Dr. Ahmed Saeed Alkhalfawi, Group Company Secretary of Emirates NBD Bank, with a copy sent to the Securities & Commodities Authority.