District Cooling utility company announces posting record profit of AED 1.001 billion, and a proposed dividend of AED 425 million

Posted: February 14, 2023

H.E. Ahmad Bin Shafar, CEO, leads a high-level delegation to the twin events

Posted: February 8, 2023

District Cooling utility provider briefs them on operations of its new systems in District Cooling

Posted: February 1, 2023

Initiative aims to promote District Cooling systems and to decrease energy consumption, government body says

Posted: January 18, 2023

The 6th edition of DC Dialogue, on October 27, in Dubai, was a platform for soul-searching, with regulators, consultants and clients expressing the need for overcoming what they described as an impasse faced by the sector. Nafeesa Mohammed, Features Writer, has the story…

Posted: January 13, 2023

Speaks of enhancing the role of women in driving economic development through the District cooling industry

Posted: January 12, 2023

ABU DHABI, UAE, 15 November 2022: Tabreed on November 14 released its consolidated financial results for the first nine months of 2022, reporting an EBITDA of AED 912 million – an 18% increase over the same period, last year – and a net profit of AED 400 million, representing a three per cent increase. Making […]

Posted: November 15, 2022

SHARM El-SHEIKH, Egypt, 15 November 2022: Take District Energy and add renewable energy sources. That way, you have the key ingredients that cities can use to provide cooling for citizens in a carbon-neutral way – not least in the Global South, where cooling is more urgent than ever. Danfoss said this while speaking in a […]

Posted: November 15, 2022

DUBAI, UAE, 9 November 2022: Emirates Central Cooling Systems Corporation PJSC (Empower) said that following the successful completion of the bookbuild and public subscription process for its initial public offering (IPO), it has set the final offer price for its IPO at AED 1.33 per share, at the top of the price range. According to […]

Posted: November 9, 2022

DUBAI, UAE, 8 November 2022: Emirates Central Cooling Systems Corporation PJSC (Empower) today announced that following approval from the Securities and Commodities Authority (SCA), Dubai Electricity and Water Authority PJSC (DEWA) and Emirates Power Investment LLC (Emirates Power), an indirectly wholly owned subsidiary of Dubai Holding LLC (Dubai Holding), together the Selling Shareholders, have exercised […]

Posted: November 8, 2022