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Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Dubai energy demand grew by 5.5 percent in 2022: DEWA CEO

In 2022, DEWA scored 98 percent in the Dubai government’s Instant Happiness Index by Dubai Digital Authority, the utility's CEO said. (WAM)
  • 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.

Dubai, UAE– Dubai witnessed a 5.5 percent increase in energy demand in 2002, from 50,402 GWh to 53,180 GWh, said Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA).

The company has outperformed major European and American utilities with a reduced line loss of 2.2 percent and a world-record low electricity Customer Minutes Lost of 1.19 minutes per customer.

In 2021, energy demand in the emirate grew by around 10 percent compared to 2020. It had reached 50,202 gigawatt-hours compared to 45,712 gigawatt-hours in 2020.

In the first half of 2022, demand for energy in Dubai has shot up 6.3 percent to 23,096 GWh, according to Tayer.

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.