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Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

DEWA completes first stage of world’s largest aquifer project

Aquifer Storage and Recovery will be fully completed by 2025.
  • The full scale of the ASR project can store up to 6,000 million imperial gallons of water once completed by 2025 as a strategic reserve.
  • The production capacity of desalinated water of DEWA is currently 490 MIGD, including 63MIGD using Sea Water Reverse Osmosis (SWRO) technology.

Dubai Electricity and Water Authority (DEWA) has completed the construction of the first stage of the Aquifer Storage and Recovery (ASR) project for desalinated water and has started the operations and testing stage.

The full scale of the ASR project can store up to 6,000 million imperial gallons of water once completed by 2025 as a strategic reserve.

This makes it the largest ASR of its kind in the world to store potable water and retrieve it in case of an emergency. This will secure the Emirate with an additional source of potable water strategic reserve of 50MIGD for 90 days in emergencies, while ensuring the quality of the stored water.

Saeed Mohammed Al Tayer, MD & CEO of DEWA, said that the new project supports DEWA’s efforts to increase the storage capacity of Dubai to reach 7212 MIG in 2025 when compared to the present storage capacity of 822 MIG.

He said that besides the ASR project, DEWA is working on a 120 MIG reservoir in Al Nakhali and another 60 MIG reservoir in Al Lusaily.

The ASR project increases the sustainable production of water in Dubai. It uses clean solar power to desalinate seawater using the latest Reverse Osmosis (RO) technologies. Excess water is stored in aquifers and pumped back into the water network when needed. The cost of this innovative integrated model is less than the cost of traditional reservoirs, and is a sustainable, eco-friendly, economical solution. It also emphasizes Dubai’s ability to anticipate and shape the future.

The production capacity of desalinated water of DEWA is currently 490 MIGD, including 63MIGD using Sea Water Reverse Osmosis (SWRO) technology. By 2030, SWRO will help expand its production capacity to 303 MIGD, increasing it to 730 MIGD of desalinated water by 2030.