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Emirates Central Cooling Systems Corporation (Empower), a leading district cooling services provider, has entered into a new agreement with Mitsubishi Heavy Industries Thermal Systems to supply advanced chillers with a capacity of up to 100,000 Refrigeration Tons (RT). The agreement, signed on October 8, 2024, involves the supply of 18 energy-efficient water-cooled centrifugal chillers with an initial capacity of 56,250 RT for various district cooling projects in Dubai. There is an option to increase the order by December 31, 2024, potentially reaching 100,000 RT. This is the second collaboration between Empower and Mitsubishi, following a previous agreement in 2021. Empower's CEO, Ahmad Bin Shafar, highlighted the deal's role in advancing the district cooling sector and supporting a carbon-neutral future through energy-efficient solutions. The agreement aligns with Empower's strategy to enhance its plants with innovative technologies, contributing to its environmental and societal goals and maintaining its leadership in the global district cooling market.

GFH Financial Group announced that the Ordinary General Meeting scheduled for Wednesday, October 2, 2024, did not achieve the required quorum, with only 41.58% attendance. Consequently, a second meeting is planned for Wednesday, October 9, 2024, at 11:00 a.m., to be conducted via modern visual communication methods. The announcement was made by Mariam Jowhary, Head of Compliance & AML.