Latest Threads on News from companies

Ahmad bin Shafar, CEO of Emirates Central Cooling Systems Corporation (Empower), delivered the opening keynote at the ASHRAE Conference and Exhibition, HVACR Nexus 2025, in Dubai. He emphasized the importance of district cooling systems in enhancing energy efficiency and sustainability. Empower, the largest provider of district cooling services globally, participated in the event to strengthen alliances and support sustainable development initiatives. The company highlighted its achievements, including a connected capacity exceeding 1.6 million refrigeration tons and servicing 1,684 buildings. Empower collaborates with ASHRAE on publishing global guidelines and developing next-generation district cooling systems to improve energy efficiency. The participation aligns with Empower's strategy to support innovation and sustainability, contributing to Dubai's goals for carbon neutrality by 2050.

Sukoon Insurance PJSC has issued a notification to Hamed Ahmad Ali, the Executive Chief Officer of the Dubai Financial Market, regarding a resolution to be passed by the company's Board of Directors on October 6, 2025, at 10:00 am. The resolution involves updating the trade license of Sukoon Insurance and its subsidiaries to reflect the appointment of Hammad Raza Khan as the new Acting CEO, replacing the former CEO, Jean-Louis Laurent Josi. The notification is also copied to Maryam Butti Al Suwaidi, Deputy CEO of the Securities and Commodities Authority in Abu Dhabi, UAE.

Dubai Investments announced that DIP Angola, Angola's first fully integrated economic zone developed by the company, has signed its first tenant, Trice Chemicals IND. LLC. The UAE-based manufacturer will set up a manufacturing facility in DIP Angola's industrial and logistics hub, marking a significant milestone for the project. Located in Bengo Province, DIP Angola spans 2,000 hectares and includes industrial, commercial, residential, and recreational zones. Omar Al Mesmar of Dubai Investments highlighted the project's progress and its appeal to investors. The development is expected to boost regional manufacturing, create jobs, and enhance Angola's industrial sector. Trice Chemicals' Managing Partner, Prathyush Pradeep, expressed enthusiasm about the facility's potential to enhance regional operations. Strategically located near Luanda, DIP Angola offers connectivity to major transport routes and is anticipated to generate over 3,000 jobs in Phase 1, supporting Angola's industrial growth strategy.