GulfBase Live Support
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
23/04/2018
Union Properties, the Dubai-based developer that swung to a Dh2.38 billion loss last year, said on Sunday its shareholders dismissed the chairman, and two other board members at the annual general as
The National
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
Ticker | Price | Change |
---|---|---|
EMAAR | 5.49 | -0.09 (-1.62 |
EMAARMALLS | 2.15 | 0.00 (0.00 |
EMAARDEV | 5.54 | -0.02 (-0.36 |
DAMAC | 2.76 | -0.01 (-0.37 |
ARTC | 2.10 | -0.06 (-2.78 |
24/04/2018
SHUAA Capital is pleased to announce the completion of its acquisition of Integrated Securities (“IS”) and Integrated Capital (“IC”), following final approval by the Emirates Securities and Commoditi
Press Release
24/04/2018
Nakilat has become the first company in Qatar to be certified with the new ISO 45001:2018 Occupational Health and Safety Management System (OH&S) standard, issued by Lloyd’s Register Quality Assuranc
Gulf Times
24/04/2018
Alinma Bank is participating at the Riyadh Real Estate Exhibition which opened on April 22 at the Riyadh International Convention and Exhibition Center under the patronage of Majid bin Abdullah Al-Hu
Saudi Gazette
24/04/2018
Oman Arab Bank (OAB), one of the country’s leading financial institutions, recently hosted the Institute of International Finance (IIF) Middle East and Africa Chief Risk Officer Forum.
The
Times of Oman
24/04/2018
QNB Group, the largest financial institution in the Middle East and Africa region, has signed a landmark merchant agreement with Qatar Rail, which will see the bank join as a strategic partner and th
The Peninsula