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Empower starts new district cooling plant

DUBAI / WAM Emirates Central Cooling Systems Corporation PJSC (Empower), the district cooling services provider, announced the commencement of operations of its new district cooling plant in Dubailand, with a cooling capacity of 47,000 Refrigeration Tonnes (RT). The new plant will serve the residential community of the Dubai Land Residence Complex (DLRC), one of the prominent residential destinations in the ...

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Dewa shareholders approve AED4.77 billion in dividends

DUBAI / WAM Dubai Electricity and Water Authority (Dewa), which is listed on the Dubai Financial Market (DFM), on Monday reported that its shareholders approved the payment of total dividends of AED 4.77 billion with a record date of April 20. This approval came during Dewa’s general assembly, which was held on Monday at the Address Boulevard Hotel Dubai as ...

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e& to acquire majority stake in Careem Super App for $400m

ABU DHABI / WAM e& on Monday announced the signing of a binding agreement with Uber Technologies, Inc (Uber) and its subsidiary Careem to acquire a majority stake in Careem’s Super App spinout. Careem’s ride hailing business will remain fully owned by Uber and continue to be available with all other Careem services on the existing app for customers. e& ...

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