DEWA 2023 net profit $2.15bn
The system demand for power surged to 56.5 TWh in 2023.Company News Business
DEWA develops terminals for nanosatellite DEWA-SAT1
The terminals provides hybrid connectivity with both the Long-Range (LoRa) IoT terrestrial network operated by InfraX, and DEWA's nanosatellites.DEWA launched it as part of its Space-D program and became the first utility worldwide to use nanosatellites to improve operations.
DEWA Research Center developed the satellite IoT terminals to connect DEWA's assets to the satellite directly and be suitable for grid applications.
Emirates shares could be placed for IPO, says chairman
The flagship carrier’s chairman, Ahmed Al Maktoum was reported to have announced plans by Emirates to repay 15 billion dirhams...The chairman noted that the decision to sell shares to the public is up to the government of Dubai
The potential IPO will be an extension of an ongoing share-sale spree of government-owned entities
Abu Dhabi’s non-oil foreign trade in Q1 grows by 15 percent to $16.74 billion
Abu Dhabi’s non-oil foreign trade in the first quarter (Q1) of 2022 amounted to AED61.522 billion ($16.74 billion), a 15...Exports grew by 35 percent in the first three months of the year compared to the same period of last year to reach AED24.449 billion.
Saudi Arabia accounted for the largest share of total trade of 23 percent, valued at AED13.921 billion.
Apple looks to foil secret AirTag tracking with tweaks
Apple said it is working on enabling iPhones to more precisely locate AirTags to help people find any planted without...AirTags can be used for synching wirelessly to iPhones, iPads or iPod Touch devices to signal where it can be found
Reports surfaced of AirTags being secretly stuck on a car to later steal it or find out where the owner is headed to
‘The Rock’ diamond goes under the hammer
The Rock, currently in the hands of an unnamed owner from North America could break records at a sale in...The large diamond was extracted from a mine in South Africa in the early 2000s and has been shown in Dubai, Taipei and New York ahead of the sale in Geneva.
The Rock is up for grabs alongside a historic intense yellow diamond associated for more than a century with the Red Cross, which will receive some of the profits from its sale.
Emir of Qatar to visit Iran to boost World Cup cooperation
Qatar's emir, Sheikh Tamim bin Hamad al-Thani, is to visit Tehran Thursday following the Iranian president's visit to Doha, Iran's...Iranian foreign ministry spokesman Saeed Khatibzadeh said Monday that the Qatari leader would visit Tehran "in response to President Ebrahim Raisi's visit to Doha"
Ties between Doha and Tehran have grown close over the years, with the two countries sharing the world's largest natural gas field
China, Europe to lead record renewable energy growth in 2022: IEA
The world will set a new record for renewable power capacity this year led by solar energy in China and...An additional 320 gigawatts is expected to be installed this year, equivalent to the entire electricity demand of Germany or the European Union's total generation from natural gas.
Solar energy will account for 60 percent of renewable power growth in 2022, ahead of wind and hydropower, according to the agency, which advises developed nations on energy policy.
Alpha Dhabi Q1 net profit $773m
Revenues stood at AED8.17 billion, a year-on-year increase of 700 percent.This was the first set of Q1 results for Alpha Dhabi since its direct listing on ADX in June 2021.
The company's acquisitions and investments totaled AED5.21 billion.
Toyota posts record net profit
The growth was helped by strong sales and a cheaper yen.The Japanese auto giant kept its crown as the world's top-selling carmaker in 2021
For the current year to March 2023, it said it expects to post an annual net profit of $17.3 billion
Qatar announces first arrests for fake World Cup merchandise
Approved merchandise has gone on sale in stores, but cheap imitations are available in street markets and online. Thousands of...FIFA sent out a phone text messages to Qatari numbers to dissuade the illegal use of the tournament emblem
Approved companies for FIFA World Cup started selling products in stores, but cheap imitations can be found in street markets
