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BHM Capital, a prominent financial institution in the UAE, has received approval from the Abu Dhabi Securities Exchange (ADX) to act as the Price Stabilization Manager for Alpha Data's upcoming listing. This approval enables BHM Capital to conduct price stabilization activities for 30 days from the start of Alpha Data's share trading on ADX, aligning with ADX's Operational Rules Handbook. The IPO subscription for Alpha Data runs from February 20 to February 25, 2025. BHM Capital's involvement aims to support stock stability, enhance liquidity, and reduce volatility, thereby boosting investor confidence and ensuring smoother market performance. Abdel Hadi Al Sa’di, CEO of BHM Capital, expressed pride in receiving this regulatory approval and emphasized the company's commitment to best practices and market stability. BHM Capital is dedicated to expanding its financial services and maintaining high regulatory standards. Alpha Data's IPO represents a key milestone, and BHM Capital is committed to facilitating a smooth transition to active trading on ADX. BHM Capital is a leading private joint stock company listed on the Dubai Financial Market and ADX, known for its pioneering role in financial technology and services for individual and corporate investors.

Emirates Central Cooling Systems Corporation PJSC (Empower), the largest provider of district cooling services globally, has entered into an agreement with the Dubai Multi Commodities Centre (DMCC) to supply environmentally friendly district cooling services to the next phase of Uptown Dubai. This phase will have a capacity of 24,675 refrigeration tons. The signing took place at DMCC's headquarters, with key figures from both organizations present. Uptown Dubai is a smart district featuring mixed-use towers and various amenities, strategically located in the southern part of Dubai. Empower's JLT District Cooling project, which includes multiple plants and a comprehensive pipeline network, is designed to support new projects, enhancing investor confidence in their sustainable services. Empower's CEO, Ahmad Bin Shafar, highlighted the importance of the partnership in contributing to sustainability goals and reducing carbon emissions.

Al Ansari Exchange, a leading remittance and foreign exchange company in the UAE, has announced a year-long partnership with Jetour UAE and Elite Group Holding for 2025. Jetour UAE will be the exclusive automotive partner for Al Ansari Exchange throughout the year. This partnership builds on a successful collaboration during Al Ansari Exchange’s Winter Promotion in 2024, where Jetour played a significant role in customer engagement. The partnership will integrate Jetour vehicles into promotional activities, offering customers chances to win premium cars and enhancing their experience. Ali Al Najjar, COO of Al Ansari Exchange, expressed delight in extending the collaboration, emphasizing the shared commitment to excellence and innovation. Jesico Gonsalves, General Manager of Jetour UAE, highlighted the partnership's role in supporting community-driven initiatives and delivering exceptional automotive experiences. More details on upcoming promotions featuring Jetour vehicles will be announced later.

Deyaar Development PJSC has announced the launch of AYA Beachfront Residences, its first residential project in Umm Al Quwain, UAE. This development marks Deyaar's expansion into the emirate, offering a blend of luxury and wellness in a beachfront community. Phase 1 will feature 442 residential units, including one- to five-bedroom residences with nature-inspired interiors. The project aims to create a new destination for global investors while providing lifestyle opportunities and boosting the local economy. Future phases will include additional amenities such as a marina and cultural venues.

Drake and Scull International PJSC (DSI) has secured two major contracts for the Arabian Hills Project in Dubai, valued at over AED 1 billion. The contracts involve infrastructure and power works for two areas, Sun Valley and Park Vista, including street lighting and a sewage treatment plant. This achievement underscores DSI's leadership in large-scale developments and highlights its expertise in project management and engineering solutions. The Arabian Hills Project aims to set new standards in modern living and sustainable construction across a 224 million square foot area.

Emirates NBD Bank has announced that its 18th general assembly meeting will take place at the Meydan Hotel in Dubai and online at 4:00 PM on Monday, February 24, 2025. The meeting will address and potentially approve a series of resolutions. These include approving the Board of Directors' report on the bank’s activities and financial statements for 2024, the external auditor's report, and the Internal Shari’ah Supervision Committee's report. Additionally, the meeting will consider approving the audited balance sheet and profit and loss account, the distribution of cash dividends of AED 1 per ordinary share totaling AED 6,316,598,253, the remuneration for the Board, and absolving the Board members from liability for their work in 2024.

The 49th general assembly meeting of Emirates Islamic Bank (Public Joint Stock Company) is scheduled for Monday, February 24, 2025, at 3:30 PM at Meydan Hotel, Dubai, and online. The meeting will consider and potentially pass resolutions 1-11 as ordinary resolutions and 12-13 as special resolutions. The ordinary resolutions include approving the board of directors' report on the bank's activities and financial statements for the year ending December 31, 2024, the external auditor's report, the Internal Shari’ah Supervision Committee's report, the audited balance sheet and profit and loss account, the board's remuneration, and the board's recommendation not to distribute dividends to shareholders, with justifications provided. Additionally, the meeting will consider absolving the board members from liability for their work during the year ending December 31, 2024.