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FINANCIAL NEWS
Dubai’s Empower completes 70 percent of Business Bay facilities
27 Feb 2014
(MENAFN) Dubai-based district cooling company Empower has completed 70 percent of the first phase of its Business Bay facilities, and is expected to begin operating in May this year, according to the Emirates 24/7.
The Business Bay plant will be the first district cooling facility to implement the Dubai Executive Council’s guidelines on environmental sustainability.
The company will also work on completing the plant structure, electrical transformer structures and chiller systems.
Ahmad Bin Shafar, the CEO of Empower, said: “The Business Bay district cooling plants are major projects for Empower, and we predict that this network will be a significant revenue source for the company as the development evolves into Dubai”s most vibrant community comprising of commercial, retail and residential spaces. The Business Bay network also widens the scope of Empower”s services to include a portfolio of developments across Sheikh Zayed Road and Al Khail Road.”
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BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
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Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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