Latest Threads

GFH Financial Group B.S.C. announced that one of its affiliated companies has received a final and non-appealable court judgment from the Court of Cassation in its favor. The judgment requires Diyar AlBahrain Real Estate Co. W.L.L. and its shareholders to jointly pay USD 24 million, or its equivalent in Bahraini Dinar, to Boulevard Alareen Real Estate Development Company. This decision is expected to have a positive impact on GFH Financial Group and its subsidiaries.

Emirates Central Cooling Systems Corporation PJSC (Empower) celebrated Emirati Women's Day 2025 under the theme 'Hand in Hand, We Celebrate 50 Years.' This event marks the 50th anniversary of the General Women's Union in the UAE, which has been instrumental in empowering women and acknowledging their role in society. Emirati Women's Day is an annual celebration recognizing the achievements and contributions of Emirati women across various fields, reflecting the progress in women's empowerment in the UAE. This progress aligns with the vision of the UAE's leaders and the objectives of the UAE Centennial 2071. Empower's CEO, Ahmad Bin Shafar, highlighted the significant role of Emirati women in the company's operations, with women holding senior management positions and making up more than 62% of the female workforce. He emphasized their importance in advancing sustainable development and contributing to a green economy based on innovation and sustainability.

Dubai Investments, through its subsidiary Globalpharma, has signed a Memorandum of Understanding (MoU) with Angola’s Ministry of Health to establish a pharmaceutical manufacturing facility in DIP Angola. This agreement, signed during a UAE delegation visit to Angola, aims to enhance bilateral relations and promote local medicine production. The initiative is expected to create jobs, boost healthcare self-sufficiency, and reduce reliance on imported medical products in Angola. The MoU was signed by Khalid Bin Kalban, CEO of Dubai Investments, and Dr. Nídia da Silva Jorge Saiundo from Angola’s Ministry of Health. The collaboration is part of a broader strategy to foster sustainable healthcare development and economic growth in Angola, with Globalpharma leveraging its expertise in producing high-quality medicines. Angola’s Ministry of Health will support the project by coordinating with government bodies for necessary approvals.