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Emirates Central Cooling Systems Corporation PJSC (Empower) has begun operations at its new District Cooling plant in Jumeirah Beach Hills, Dubai. The plant, upon full completion, will have a total production capacity of 48,000 refrigeration tons (RT) and will serve prominent hospitality and residential projects in the Jumeirah area, including the Burj Al Arab and Jumeirah Beach Hotel. The plant adheres to international standards and sustainable building practices, integrating with the local architectural aesthetics. Empower's CEO, Ahmad Bin Shafar, highlighted the company's commitment to providing high-quality, environmentally friendly cooling services, reinforcing Jumeirah's status as a premier residential and tourist destination.

A notification has been issued to inform that the ownership percentage of H.H Sheikh Humaid bin Rashid Al Nuaimi, Ruler of Ajman, in Ajman Bank has increased from 12.3108% to 14.1466%.

Amanat Holdings has confirmed plans to proceed with an Initial Public Offering (IPO) of its Education Platform, as approved by its Board of Directors. The company has engaged IPO advisors, including SNB Capital. The IPO is contingent upon receiving regulatory approvals and favorable market conditions. Further details, such as the offering percentage and the final advisor consortium, will be shared once confirmed. The anticipated timeline for the IPO is within the next twelve months, subject to the necessary approvals and conditions. Amanat Holdings will continue to provide updates as the process develops.