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Empower’s profit up 8.3% to AED871mn

DUBAI / Emirates Business Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, reported a net profit of AED871 million in 2019, representing a remarkable increase of 8.3% year-over-year (YoY). The company has achieved a total revenue of AED2.19 Bn an increase of 7.9% YoY. Commenting on Empower’s financial results at the annual press conference, Ahmad ...

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Mohamed, Kazakh president discuss bilateral ties

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, held talks with Kassym-Jomart Tokayev, President of the Republic of Kazakhstan at the Al Watan Palace in Abu Dhabi, where they addressed bilateral ties and ways to strengthen them. They also discussed the developments ...

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ADCB reports net profit of AED5.244 billion for 2019

Abu Dhabi / WAM Abu Dhabi Commercial Bank (ADCB) on Monday reported its full year financial results for 2019, announcing a net profit of AED5.244 billion with double-digit annualised return on tangible equity of 11.2%. The Board of Directors has recommended a cash dividend of AED0.38 per share, translating to a pay out of AED2.644 billion, equivalent to 50% of ...

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