Monday , April 6 2020


Tabreed buys AED2.48b stake in Emaar district cooling business

DUBAI / WAM The National Central Cooling Company (Tabreed) acquired an 80 percent stake in Emaar Properties’ Downton Dubai district cooling business. The UAE-based district cooling developer announced the AED2.48 billion ($675 million) acquisition on Monday, noting that Emaar will retain a 20 percent stake as part of the long-term ...

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Etihad trials new tech to identify medically-at-risk travellers

ABU DHABI / Emirates Business Etihad Airways, the national airline of the UAE, will partner with Australian company Elenium Automation to trial new technology which allows self-service devices at airports to be used to help identify travellers with medical conditions, potentially including the early stages of Covid-19. Etihad will be ...

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Al Ansari Exchange mobile transactions see 40% rise

Dubai / Emirates Business Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, reported witnessing more than 40% increase in mobile transactions from UAE residents to home countries since the beginning of March (and the Covid-19 outbreak). Over 110,000 online transactions were registered through the company’s mobile ...

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