ABU DHABI / WAM The National Central Cooling Company, Tabreed, has entered into a 30 year concession for a contracted cooling capacity of 20,000 refrigeration tonnes (RTs) with Andhra Pradesh Capital Region Development Authority (APCRDA), to build, own, operate and transfer India’s first district cooling system in Amaravati – the new capital of Andhra Pradesh. This will be Tabreed’s first ...

Sharjah / WAM Air Arabia (PJSC) on Wednesday announced financial results for the fourth quarter (October to December) 2018, delivering a strong operational and financial performance. Air Arabia reported a net profit of AED 26 million for the fourth quarter 2018, in line with the strong net profit recorded in the same period last year. Turnover for the three months ...

Dubai / Emirates Business Noor Bank, a leading Shari’ah-compliant bank in the UAE, on Wednesday announced its year-end 2018 financial results. The bank delivered a strong performance with a net profit of AED 676 million prior to adjustments for property revaluations, amounting to a 74% improvement in underlying performance. Net profit after adjustments was AED601 million, representing a growth of ...