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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

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Q1 2025 net profit before tax increased 18% YoY.

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The bank's profit crossed AED 1bn mark for the first time.

DEWA, RTA ink deal to sponsor Green Economy Summit

The World Green Economy Summit was launched in 2014 to promote green economy. (WAM)
  • RTA will be the Platinum Sponsor of the World Green Economy Summit for three sessions from 2023-2025.
  • The World Green Economy Summit plays a fundamental role in supporting the UAE’s outstanding efforts in climate action, said DEWA chief.

Dubai, UAE – Dubai Electricity and Water Authority (DEWA) has signed a sponsorship agreement with the Roads and Transport Authority in Dubai (RTA), allowing RTA to be the Platinum Sponsor of the World Green Economy Summit (WGES) for three sessions from 2023 to 2025.

The Summit is organized by the World Green Economy Organization (WGEO), DEWA, and the Dubai Supreme Council of Energy.

The move supports the shared vision of DEWA and RTA to support the transition to a green economy and consolidate Dubai’s position as a global platform for sustainability, WAM reported.

Saeed Mohammed Al Tayer, MD & CEO of DEWA and Chairman of the WGEO; and Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of RTA signed the agreements.

Al Tayer said, “The World Green Economy Summit plays a fundamental role in supporting the UAE’s outstanding efforts in climate action, as well as supporting its firm commitment to sustainability, unwavering support for energy and climate change issues, and the development of sustainable solutions to environmental challenges.”

He said that since its launch in 2014, WGES galvanized efforts to promote green economy and supported cooperation to face challenges, promote sustainable development and investments in the green economy, encourage adoption of effective policies, plans, and initiatives in this area, and discuss issues like climate change and global warming.