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Dubai Taxi Company (DTC) has formed a strategic partnership with Keeta, a subsidiary of China's Meituan, to advance last-mile delivery services in Dubai. The agreement, signed at GITEX in Dubai, aims to enhance delivery logistics, particularly in the e-commerce and quick-commerce sectors, aligning with DTC's growth strategy. Initially, DTC will deploy 150 delivery motorbikes, with plans to increase to 500 by the end of the year, projecting over AED 10 million in revenue in the first year. The partnership will also explore the integration of drones and autonomous vehicles into delivery operations. DTC's delivery segment saw significant growth, with Q2 2025 revenues rising 102% year-on-year to AED 18.2 million.
The Board of Directors of Amlak Finance PJSC passed resolutions by circulation on Monday, 13 October 2025, at 9:00 AM. These resolutions pertain to regular and internal matters. The notification was sent to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, by Lama Takieddin, the Head of Corporate Governance and Board Secretary. The Securities & Commodities Authority was also copied on the communication.
Tabreed has completed two major transactions, enhancing its growth and long-term earnings potential. The company acquired PAL Cooling, which is expected to increase its connected capacity by 13% with an additional 600,000 refrigeration tons (RT). This acquisition involves eight exclusive concessions on Abu Dhabi's main island and Al Reem Island. Tabreed also finalized a concession agreement with Dubai Holding Investments to provide district cooling services to Palm Jebel Ali, marking its expansion into a significant development in Dubai. These actions are part of Tabreed's strategy to expand its operational capacity, diversify its concession portfolio, and improve long-term cash flow visibility.
Sean Magee, Secretary of the Board of Directors, issued a notice on October 13, 2025, regarding the completion of the acquisition of PAL Cooling Holding LLC by a newly formed joint venture entity owned equally by Tabreed and Arctic Holding C.V. This follows a previous disclosure on June 30, 2025. The acquired company fully owns eight subsidiaries, operating five district cooling plants under long-term concession agreements, with additional plants under development in Abu Dhabi. The company commits to keeping the market informed with timely updates as the acquisition progresses. For further information, stakeholders are encouraged to reach out.
TECOM Group has achieved LEED certification for 55% of its office buildings' gross leasable area (GLA) across Dubai, reinforcing its commitment to sustainable development as part of its environmental, social, and governance (ESG) framework. As of the first half of 2025, the group has 55 LEED-certified buildings, including those in Dubai Internet City, Dubai Media City, Dubai Design District, and Dubai Industrial City, which have received LEED Gold certifications. This achievement aligns with the United Nations’ Sustainable Development Goals and aims to create long-term value for customers and colleagues. TECOM Group's efforts in sustainability and energy efficiency, such as their Energy Retrofit Project, have led to significant energy savings and are recognized by the Dubai Supreme Council of Energy. The group emphasizes the importance of sustainable practices in shaping the future of urban workspaces and enhancing business excellence for its global customers.
The Dubai Financial Market (DFM) released a weekly summary of Regulated Short Sell transactions for the period of October 6, 2025, to October 10, 2025. During this time, Emirates NBD PJSC had a short sell trade volume of 118 and a trade value of AED 2,927.8. For more details on Regulated Short Selling, refer to the DFM Market Rules and related operational procedures available on their website. The announcement can also be accessed on the DFM's market announcements webpage. Note that the information is subject to change, and DFM is not liable for any losses resulting from the use of this data.