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- ADIB approves Dh3.03 billion dividend, elects new board
- Abu Dhabi's ADQ clears way to be owner of Aramex
- Tecom Group shareholders will soon get another Dh400m as dividend
- QSE fully waives trading fees on ETFs, aims improved market liquidity
- Meeza to scale its data centre infrastructure to meet rising demand
- Nasdaq tumbles over 3% as tariffs spark slowdown fears
- Alpha Dhabi, Mubadala's Credit joint venture reaches $1 billion portfolio milestone
- Gold prices slip in Dubai as yellow metal trades below $2,900 globally
- QNB hosts Ramadan Iftar for patients at Qatar Rehabilitation Institute
- China unfazed as US launches national cryptocurrency reserve
11/01/2018 08:24 AST
Dubai-based real estate developer Union Properties is in the final stage of selling its stake in regional district cooling company Emicool, it said on Wednesday.
Emicool, a joint venture between Union and Dubai Investments, provides chilled water for air conditioning systems in commercial, industrial and residential buildings.
In a statement, Union said it had received several offers from various UAE-based companies, and will be announcing the buyer in the coming days.
Ahmed Yousef Khouri, Union's CEO, said: "The move further strengthens our focus on core operations, and tapping into new sectors."
Union is primarily a regional property developer whose landmark projects span MotorCity, Dubai Autodrome, Green Community and Uptown MotorCity as well as Limestone House and Index Tower in the DIFC area. Union also provides project and facilities management services.
Emicool said it boosted productivity 13 percent in 2016 and 18 percent in 2017, and is seeking to expand in Saudi Arabia and other countries in the region.
Arab News
04/04/2018
Union Properties has launched a new mixed-use cluster at its Motor City master-development.
The "Zawaya" represents the first phase of the developer's new master plan for Motor City, itself
Gulf News
15/03/2018
Al Ramz Capital has been re-appointed as a liquidity provider for Union Properties Shares after obtaining the necessary approvals from Dubai Financial Market and signing the agreement.
A L
Gulf News
16/02/2018
Union Properties, a leading real estate developer in the UAE, has reported a net loss of Dh2.3 billion ($626 million) for the 12 months ending December 31, 2017 (equivalent to Dh0.55 loss per share)
Trade Arabia
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11/03/2025
Abu Dhabi Islamic Bank (ADIB) shareholders approved a cash dividend of Dh3.03 billion, or 83 fils per share, at the bank's Annual General Assembly (AGM) on March 10. The payout represents 50% of ADIB
Gulfnews
11/03/2025
Aramex, the Dubai-based logistics company, has been acquired by Q, marking one of the bigger corporate takeovers in the UAE.
Q Logistics is part of ADQ, the Abu Dhabi investment company with
Gulfnews
11/03/2025
The way has been cleared for Tecom group shareholders to get their share of Dh400 million - at 8 fils a share - in dividend. This is linked to the second-half of 2024.
For 2024, the Dubai co
Gulfnews
11/03/2025
With Qatar witnessing excessive demand for data centres, Meeza is scaling its infrastructure to meet the growing needs of enterprises, government agencies, and hyperscalers.
"Our upcoming da
Gulf Times
11/03/2025
Mubadala Investment Company and Alpha Dhabi Holding PJSC on Monday announced that their joint venture, which was launched in 2023, has reached a significant milestone, building an approximate $1 bill
Khaleej Times
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