Search Site

TAQA net income $1.93bn in 2024

The company's revenues increased 6.7 percent year-on-year.

ADNOC L&S 2024 net profit $756m

The company's revenue increased by 29 percent to $3.54 billion.

ADNOC Distribution 2024 net profit down 7%

Minus UAE corporate tax, it would have grown by 2.4% to $725m

Maaden raises $1.25bn in sukuk offering

The Sukuk were offered in a five-year and a 10-year tranche.

DAE net profit up 36.2%

Revenues grew by 9 percent to $1.42bn from $1.31bn in 2023.

DEWA research facility registers patent for drone charging system

The UAV charging system was developed at DEWA's research lab.
  • The system enables continuous charging for UAVs, providing longer flying hours with a large storage capacity.
  • DEWA said the system can be used for government, military, commercial, and personal operations.

Dubai Electricity and Water Authority’s (DEWA)’s Research & Development Centre has registered a new patent for an Unmanned Aerial Vehicles (UAV) charging system that enables continuous charging for UAVs, providing longer flying hours with a large storage capacity.

This is in addition to improving the efficiency of charging and facilitating the charging process.

DEWA said the system uses a group of UAVs to charge the main one through electromagnetic induction and system can be used for government, military, commercial, and personal operations.

The lab has helped DEWA to achieve the Guinness World Records title for the first 3D-printed laboratory in the world. The lab is the first building in the UAE to be fully printed onsite.

It houses rovers and drones that are designed and built in-house, said Dr Ali Rashid Al Aleeli, Vice President R&D, Business Development and Excellence at DEW

Saeed Mohammed Al Tayer, MD & CEO of DEWA, said the patents registered by the R&D Centre support efforts to make the centre a global platform for promising technologies.

“This maintains DEWA’s position as one of the best utilities in the world. The system enriches the scientific community in Dubai and the UAE through spreading knowledge and qualifying Emirati researchers,” he said.