Search Site

TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

Empower provides district cooling services to 17% of the hotels in Dubai

Empower provides district cooling services to 17% of the hotels in Dubai.
  • Empower revealed this at the launch of the ‘Arabian Travel Market 2022’, which is being held at the Dubai World Trade Centre
  • Empower expects its growth in the share of the hospitality sector to go up as a result of dozens of new applications received by the company from developers of new hotels

Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, stated that it serves more than 17 percent of the total number of hotels in Dubai.

Empower revealed this at the launch of the ‘Arabian Travel Market 2022’, which is being held at the Dubai World Trade Centre (DWTC) from 9th to 12th May, the leading travel and tourism event in the Middle East over the past 29 years.

Empower expects its growth in the share of the hospitality sector to go up as a result of dozens of new applications received by the company from developers and operators of new hotels. 

“Empower continues to support the hospitality sector in the Emirate of Dubai at an increasing pace, in light of the growing hotel occupancy rates, and the accelerated rate of completion of many tourist facilities in the city,” Ahmad bin Shafar, CEO of Empower, said. 

“It is important for the hospitality sector to adopt district cooling systems as an effective partner in promoting sustainability and reducing carbon emissions,” he added.