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The Dubai Financial Market's Chief Executive Officer, Mr. Hamed Ahmed Ali, has been notified that the Board of Directors of Dubai Taxi Company P.J.S.C. will issue a resolution by circulation on May 13, 2026. This resolution will address certain strategic matters and major projects of the company, which will be approved if deemed appropriate. The notification was sent by Vicken Khochafian, the Group Board Secretary and Governance Director, with a copy to the Capital Market Authority.
A notification has been issued regarding a Board Meeting of the National Central Cooling Company (PJSC), scheduled for 14 May 2026 at 11:00 AM. The meeting will focus on reviewing the financial results for the period ending 31 March 2026 and discussing the company's business and operations. This notification is in accordance with Article 36/11 of the Disclosure and Transparency Regulations number (3) for the year 2000, as amended.
The National Central Cooling Company (Tabreed) will hold an earnings call on 15 May 2026 at 3:00 PM to discuss its financial results for the period ending 31 March 2026. The communication is addressed to H.E. Waleed Saeed Abdul Salam Al Awadhi, CEO of the Capital Market Authority in Abu Dhabi, and Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market. The notice is from Sean Magee, the Company Secretary.
SHUAA Capital and Key Capital have announced a strategic partnership to advance the venture capital secondaries market in the MENA and EMEA regions. Key Capital's fund, targeting USD 50 million, focuses on acquiring stakes in high-growth tech companies to offer liquidity to early shareholders. This partnership is timely, as MENA's VC market has expanded significantly, but liquidity options have not kept pace, creating demand for secondary solutions. SHUAA will provide advisory support, while Key Capital brings expertise in secondary strategies. The regional secondaries market is estimated to exceed USD 1 billion, highlighting the growing importance of this asset class.
Emaar Properties PJSC reported a strong start to 2026, with property sales increasing by 16% to AED 22.4 billion (US$ 6.1 billion) and a revenue backlog reaching AED 163.4 billion (US$ 44.5 billion). Revenue for the first quarter rose by 23% to AED 12.4 billion (US$ 3.4 billion), while EBITDA grew by 34% to AED 7.2 billion (US$ 2 billion). Net profit before tax also increased by 33% to AED 7.2 billion (US$ 2 billion). The company's performance was driven by sustained demand, disciplined execution, and its diversified business model. Key highlights include a 16% growth in property sales, a 29% increase in revenue backlog, and a dividend payout of AED 8.9 billion (US$ 2.4 billion) to shareholders. Emaar remains focused on capital allocation, operational excellence, and converting its backlog into profitable growth, supported by a substantial land bank of approximately 600 million square feet for mixed-use development.