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FINANCIAL NEWS
UAE’s Empower acquires Palm Utilities
20 Jan 2014
(MENAFN) UAE-based Empower said that it had acquired Palm Utilities from Istithmar World in a deal that is considered as the largest ever acquisitions in the district cooling industry, according to Khaleej Times.
The agreement was signed by Ahmad bin Shafar, chief executive, Empower, and Hamad Buamim, board member of Dubai World.
Shaikh Ahmed bin Saeed Al Maktoum, President, Dubai Civil Aviation Authority, said: “Empower’s acquisition of Palm Utilities and Palm District Cooling is in response to the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, to position Dubai as a centre for sustainable development. The new combined entity is also a reflection of Shaikh Mohammed vision to place the UAE at the forefront of industry and business.”
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BBK discloses its financial results for the first quarter ended 31st March 2025
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BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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