ABU DHABI / WAM The National Central Cooling Company (Tabreed), on Tuesday released its audited financial results for 2019, reporting an 11% increase in net profit to AED472.5 million for full year, adding 51,336 Refrigeration Tonnes (RT), of new customer connections, resulting in the delivery of 1,182,715 RT of cooling capacity. Tabreed’s Board of Directors recommended a cash dividend for ...

Bloomberg Oil traded near the lowest close since mid-October as the market was dominated by alarm that the deadly coronavirus will hurt economic activity in China and beyond. Futures held near $53 a barrel in New York after losing 9% during five straight days of declines on concern reduced travel will hit jet fuel demand in the world’s biggest oil ...

SHARJAH / WAM Bee’ah, the award-winning UAE-based sustainability and environmental services pioneer, has been appointed as the waste management partner for Egypt’s new Administrative Capital, which is being developed by the Administrative Capital for Urban Development and is one of the largest urban development projects in the world. Bee’ah, the six-time winner of Waste Management Company of the Year in ...