INSEAD Day 4 - 728x90

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Dubai energy demand shoots up by 6.3% in H1 of 2022

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  • He said that the increase in energy demand in Dubai reflects the economic recovery and the return of key activities
  • Dubai has benefited from the Fourth Industrial Revolution technologies and implemented robust precautionary measures to ensure business continuity

Demand for energy in Dubai has shot up 6.3 percent to 23,096 GWh in the first half of the current year, according to Saeed Mohammed Al Tayer, MD&CEO of Dubai Electricity and Water Authority (DEWA).

Al Tayer said, “We continue to raise the production capacity of electricity and water according to the highest standards of availability, reliability, efficiency and quality, thanks to a sound governance system across all DEWA’s operations.”

He said that the increase in energy demand in Dubai reflects the economic recovery and the return of key activities.

Dubai, he said, has benefited from the Fourth Industrial Revolution technologies and implemented robust precautionary measures to ensure business continuity.

“This is to ensure that we keep pace with the growing demand for electricity and water as well as future needs of customers, developers and businesses while providing a convenient margin. DEWA’s growth plans align with Dubai’s 2040 Urban Master Plan, Dubai’s Clean Energy Strategy 2050 and Dubai’s Net Zero Carbon Emissions Strategy 2050, which aims to provide 100% of Dubai’s energy production capacity from clean energy sources by 2050.”

DEWA’s capacity has reached 14,117 megawatts (MW) of electricity and 490 million imperial gallons per day (MIGD) of desalinated water.

DEWA provides electricity and water services to 3.514 million people living in Dubai and the Emirate’s active daytime population of over 4.7 million. These numbers are expected to grow to 5.8 million and 7.8 million, respectively by 2040.