Search Site

ADNOC L&S 2024 net profit $756m

The company's revenue increased by 29 percent to $3.54 billion.

ADNOC Distribution 2024 net profit down 7%

Minus UAE corporate tax, it would have grown by 2.4% to $725m

Maaden raises $1.25bn in sukuk offering

The Sukuk were offered in a five-year and a 10-year tranche.

DAE net profit up 36.2%

Revenues grew by 9 percent to $1.42bn from $1.31bn in 2023.

Borouge 2024 net profit $1.24bn

The company said it will maintain a $1.3bn dividend for 2025.

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.