Latest Threads on News from companies

Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, has launched its twelfth annual summer campaign, "Set and Save at 24°C." The initiative encourages over 144,000 customers to set their air conditioners to 24°C to reduce electricity consumption, support energy efficiency, and contribute to sustainability efforts. The campaign aims to lower pressure on the power grid, cut carbon emissions, and promote environmental protection. Empower highlights that its district cooling systems use up to 50% less energy than conventional systems, enhancing efficiency and reducing emissions. CEO Ahmad bin Shafar emphasized the importance of responsible energy use and the role of individual actions in building a sustainable future.

Al Ramz Capital LLC, based in Dubai, has been appointed as a liquidity provider for Abu Dhabi National Oil Company for Distribution PJSC (ADNOC Distribution), a leading retailer and distributor of fuels in the UAE. Starting from June 17, 2025, Al Ramz will begin independent trading of ADNOC Distribution shares following regulatory approval. With over 25 years of experience, Al Ramz is a licensed market maker on several regional exchanges and is recognized for its expertise in enhancing market liquidity. Founded in 1998, Al Ramz is a public joint stock company listed on the Dubai Financial Market and offers services such as asset management, corporate finance, brokerage, and financial research.

The UAE Ministry of Defence, in collaboration with Tabreed and Emerge, has completed a project to integrate solar energy into two district cooling plants in Abu Dhabi. This initiative, part of a partnership agreement signed in March 2024, involves the installation of approximately 4,000 solar panels, providing 2.4 megawatts of clean electricity to the cooling plants. The project aims to reduce reliance on the electricity grid during peak times and cut CO2 emissions by over 2,600 tons annually. This move aligns with the UAE Armed Forces Climate Change Strategy to reduce carbon emissions. Tabreed's CEO emphasized the company's commitment to sustainability and diversifying its energy mix, while Emerge highlighted the growing trend of distributed solar solutions in the UAE.

The Board of Directors of Al Firdous PJSC invites shareholders to the Annual General Assembly Meeting on Friday, November 7, 2025, at 11:00 AM. The meeting will be held in person at Boulevard Plaza Tower 2, Office No. 1403, Dubai, or remotely. The agenda includes approving reports and financial statements for the year ending March 31, 2025, discharging board members and auditors from liability, considering recommendations on dividends and board remuneration, appointing auditors for the next financial year, and appointing Eng. Mohamed Bahaa Khairy Al Qaseer to the Board. Shareholders may delegate representatives under specific conditions. Proxies should be sent to the specified address before the meeting.

Bank Al Salam in Bahrain achieved an unprecedented milestone by winning five awards from Visa within a single year. This accomplishment highlights the bank's commitment to innovative, customer-focused banking solutions and its leadership in adopting advanced technologies for a comprehensive banking experience. The awards recognize the bank's excellence in various performance categories, including growth in payment volume, digital spending, active cards, and both domestic and international spending. The awards include: 1. Highest growth rate in payment volume for 2024 in Bahrain. 2. Highest growth rate in active cards for 2024 in Bahrain. 3. Highest growth rate in spending for 2024 in Bahrain. 4. Highest growth rate in cross-border spending for 2024 in Bahrain. 5. Highest growth rate in digital spending for 2024 in Bahrain. Anwar Murad, Deputy CEO of Banking Services at Bank Al Salam, expressed pride in this achievement, emphasizing the bank's dedication to innovation and enhancing digital payment experiences. He noted that winning five awards in one year reflects the bank's market trust and the quality of its banking products and services. The success is attributed to the bank's strategy focusing on digital transformation, operational efficiency, and offering data-driven smart banking experiences. Ali Bailoun, Visa's Regional General Manager for Saudi Arabia, Bahrain, and Oman, praised Bank Al Salam's exceptional performance and its commitment to excellence in digital payments. He emphasized the bank's unique ability to stimulate usage, expand card bases, and enhance reliance on digital payments. The success results from a clear strategy and dedicated executive team, reinforcing the fruitful partnership between Visa and Bank Al Salam. For more information about Bank Al Salam's products and services, visit their website or contact them via WhatsApp.