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stc Group Q1 net profit up 11.05%

The Group reported a revenue of $5.12 billion.

SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Mitsubishi to supply Empower 100,000 refrigeration ton capacity chillers

Empower aims to reduce energy and water consumption by 30 percent by 2030
  • A deal between the two allows Empower to increase capacity to 200,000 refrigeration tons.
  • Empower will start using the new units in its plants under construction located in Zabeel, Business Bay, Madinat Jumeirah.

DUBAI: Emirates Central Cooling Systems Corporation (Empower) will be using Mitshubishi’s air-conditioning and heating systems for its environmentally friendly district cooling operations.

Under a deal signed between the two, Mitsubishi Heavy Industries Thermal Systems will supply Empower with advanced water-cooled centrifugal chillers with a total cooling capacity of 100,000 refrigeration tons (RT), said a press release by Empower on Sunday.

The deal also allows Empower to double the number of centrifugal chillers to a total cooling capacity of 200,000 refrigeration tons (RT) over the next two years, which is equivalent to 11 percent of the total cooling capacity.

Empower will start using the new units in its plants under construction located in Zabeel, Business Bay, Madinat Jumeirah and Dubailand City in Dubai, to serve residential, commercial, health, educational and mixed-use projects.

Ahmad bin Shafar, CEO of Empower, said the company aims to reduce energy and water consumption by 30 percent by 2030.