Latest Threads

The Union Cooperative Board of Directors has issued a renewed invitation to its shareholder members to attend a General Assembly meeting. The meeting aims to pass a special resolution to approve the detailed study results for transforming the cooperative into a public joint-stock company. This meeting is scheduled for Wednesday, July 8, 2026, at 4 PM, and can be attended either electronically via the link www.smartagm.ae or in person at Al Warqa City Mall, second floor. Key points include: 1. A special resolution will be discussed regarding the cooperative's transformation into a public joint-stock company. 2. Service providers will send SMS notifications to all registered member shareholders with their membership number, electronic link, and meeting guidelines once the invitation is announced. 3. Members wishing to attend remotely must register at www.smartagm.ae to obtain a username and password, with registration open a week before the meeting. 4. Usernames and passwords will be sent to registered members with updated details on Tuesday, July 7, 2026. Early registration is encouraged to avoid website congestion. 5. In-person attendees must register on the meeting day and present proof of membership. 6. The meeting will be conducted online with the meeting chair, service provider, and secretary present, alongside ministry and authority representatives either physically or electronically.

The Dubai Financial Market has announced the expiry settlement prices for the Micro GME Oman Crude Oil Futures contracts expiring in June 2026. The contract series code OMOIL Q26 has a settlement price of 69.91 USD, with the contract ID OIL2306026001. This information was issued on June 23, 2026, and is available on the Dubai Financial Market's website. The document includes a disclaimer noting that the information is subject to change and emphasizes that it is not a substitute for the official trading regulations, which take precedence in case of discrepancies.

Sukoon Insurance PJSC, with a paid-up capital of AED 461,872,125, is regulated by the Central Bank of the UAE. On June 23, 2026, the Board of Directors of Sukoon Insurance passed a resolution by circulation concerning its regular business activities. This information was communicated to Mr. Hamed Ahmad Ali, the Executive Chief Officer of the Dubai Financial Market. The correspondence was sent by Rana Attieh, the Group Board Secretary and Corporate Governance Manager, with a copy to H.E. Waleed Saeed Al Awadhi, CEO of the Capital Market Authority in Abu Dhabi, UAE.

Ahmad Bin Shafar, CEO of Emirates Central Cooling Systems Corporation (Empower), has been appointed as a full member of the International District Energy Association (IDEA) Board of Directors for a three-year term until 2029. This appointment, announced at the 117th IDEA Annual Conference in Ottawa, marks the renewal of Bin Shafar's role following his tenure as a Board Member Emeritus. He is the first Emirati and Arab to hold this position, having initially joined the board in 2013. The IDEA, a U.S.-based non-profit organization with over 2,500 members, aims to advance district cooling and heating systems globally. Bin Shafar has actively contributed to the sector's development and highlighted the UAE's leadership in district cooling. Empower is participating in the conference as a Diamond Sponsor for the third year.