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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.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.
  • DEWA, UAE energy ministry discuss cooperation for clean energy goals

    DUBAI, UAE -  MD & CEO of the Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer discussed consolidating cooperation and integration with UAE Ministry of Energy and Infrastructure (MoEI).This is part of a series of mutual visits to enhance cooperation between government organisations in the UAE. The meeting...
  • DEWA’s R&D Center registers 8th patent for geographical areas survey device

    DUBAI, UAE - Dubai Electricity and Water Authority's (DEWA) Research and Development Center has obtained its eighth patent for a cutting-edge device that leverages advanced sensors to locate and survey geographical areas.The device employs real-time kinematic (RTK) processing techniques to process data collected on-site and works with a smart device...
  • Dubai Can initiative cuts single-use plastic bottle usage by over 7mn

    The success of the initiative is reflected in the fact that Dubai Can has been widely adopted in the city.
  • DEWA CEO discusses bilateral cooperation with Emerson

    DUBAI,  UAE - MD and CEO of Dubai Electricity and Water Authority (DEWA)  Saeed Mohammed Al Tayer received a high-level delegation from Emerson headed by Lal Karsanbhai, President and CEO.Emerson is a global leader in technology, software, and engineering.The visiting delegation included Michael Train, Chief Sustainability Officer, Emerson; Vidya Ramnath,...
  • DEWA,  France’s satellite operator Eutelsat discuss cooperation

    DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer spoke of the organization's keenness to cooperate with leading international companies for the continuous development of its operations.Al Tayer made the remarks during discussions with a high-level delegation from France’s satellite operator Eutelsat,...
  • DEWA, ENOC sign MoU

    Aim is to develop hydrogen-based mobility pilot project.
  • DEWA’s R&D Center registers its 7th patent for 3D printing adhesive device

    DUBAI, UAE -  Dubai Electricity and Water Authority (DEWA) has announced the registration of a new patent for an adhesive device for 3D printers.The device distributes the adhesive material on the 3D printing plate, ensuring that the printed material sticks securely to the build plate.This is the seventh patent registered...
  • DEWA 2022 profit is $3bn

    DEWA reported consolidated revenue of $7.46 billion.
  • DEWA updates strategic plan to include achieving net-zero by 2050

    DUBAI, UAE -  Dubai Electricity and Water Authority (DEWA) has updated its strategic plan, adding achieving net-zero by 2050 to its vision.This move is as per its commitment of keeping pace with the government plans and strategies that aim to achieve net-zero by 2050 and the UAE’s efforts to promote...
  • DEWA cleans beach, plants mangrove as  part of 26th National Environment Day

    DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) participated in a campaign to clean the beach and plant mangroves at the Jebel Ali Marine Sanctuary, organized by the Emirates Marine Environmental Group.The move is in conjunction with the National Environment Day, observed on  February 4 each year, and is...
  • DEWA begins receiving research papers for MENA Solar Conference

    Dubai, UAE--Dubai Electricity and Water Authority (DEWA) has started receiving requests from researchers and scientists to submit their research papers for the first Middle East and North Africa Solar Conference 2023, which DEWA will organise from 15th to 18th November 2023.The research papers focus on a wide range of topics,...
  • Dubai energy demand grew by 5.5 percent in 2022: DEWA CEO

    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...
  • DEWA commissions 17 transmission substations worth US$871m in 2022

    DUBAI, UAE -  Dubai Electricity and Water Authority (DEWA) inaugurated 17 new substations in 2022.These include fifteen 132kV stations with a conversion capacity of 2,280 megavolt amperes (MVA) and two 400kV stations with a conversion capacity of 4,000 MVA, in Al Qusais Industrial Area 5 and Jebel Ali First.DEWA installed...
  • DEWA’s virtual employee ‘Rammas’ responds to over 6.8mn enquiries since 2017

    DUBAI, UAE - Dubai Electricity and Water Authority’s ( ) virtual employee ‘Rammas’, which uses Artificial Intelligence (AI), answered over 6.8 million enquiries since its launch in the first quarter of 2017 until the end of December 2022.Saeed Mohammed Al Tayer, MD and CEO of DEWA, said that DEWA launched...
  • DEWA, SAP senior management discuss cooperation in Dubai

    DUBAI, UAE - Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), received Christian Klein, CEO and member of the Executive Board of SAP SE.The meeting was attended by Marwan bin Haidar, Executive Vice President of Innovation and The Future at DEWA, and Mohammad bin...
  • DEWA is an organizing partner in Dubai International Project Management Forum 2023

    DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) announced that it is participating in the 8th Dubai International Project Management Forum (DIPMF) as the organizing partner.DIPMF is being organized by the Roads and Transport Authority in Dubai (RTA) in cooperation with the Project Management Institute (PMI), DP World, and...
  • DEWA launches plan for fast approval of electricity connections  

    DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) launched the 'OWNEK' awareness initiative to help its accredited contractors and consultants receive approval on the first instance when requesting electricity connections.This initiative will save the contractors and consultants time and effort and speed up the workflow.The initiative includes a series...
  • DEWA implements SAP’s Audit Management System

    DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has implemented the SAP Audit Management System (TAWKEED), becoming the first integrated utility in the Middle East and Africa (MEA) region to implement this best-in class solution.TAWKEED is used for risk-based audit planning, planning individual audit engagement, communicating results to stakeholders,...
  • DEWA showcases its sustainability projects to French, Cuban delegations

    DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer received a high-level delegation from the EDF Group (Électricité de France) headed by Luc Remont, CEO and Chairman of the Board of Directors.Al Tayer also received a delegation from Cuba headed by Dr....
  • DEWA organized 157 health, safety training sessions for employees in 2022

    DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has organized 157 training courses and awareness sessions on occupational health and safety during 2022, with the participation of 2,170 employees from various divisions.DEWA also organized its 20th Internal Health and Safety Week, which featured various activities in all aspects of...
  • Roadmap for startups on agenda of MENA’s only IPO-focused summit

    The summit, which will be held from 23-25 Jan, 2023, ""will shed light on the strong impetus and promising prospects of the IPO sector in Dubai". The emirate's media office said the summit comes on the back of a record IPO activity in 2022.
  • DEWA completes 77 percent work in Hatta Water Reservoir

    DUBAI, UAE  - DEWA has completed 76.8 percent work on the water reservoir project in Hatta. The project has a storage capacity of 30 million imperial gallons (MIG) and is being built at a cost of approximately US$23 million (AED86 million).It is expected to be completed in April 2023.This was...
  • DEWA wins award at Global Excellence Assembly Awards 2022

    DUBAI, UAE  - Dubai Electricity and Water Authority (DEWA) has been awarded  with the Global Excellence Assembly Awards 2022, based in the USA, in the "Organizational Achievements" category.This is in recognition of DEWA's global achievements in total quality and excellence.DEWA is the only entity worldwide to win this category in...
  • Clean energy reaches 14 percent of Dubai’s total power production

    DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority (DEWA) has announced that the production capacity of clean energy has reached 2,027 megawatts (MW) which is about 14 percent of Dubai’s total power production capacity of 14,517 MW.Saeed Mohammed Al Tayer made the announcement during his visit...
  • DEWA encourages active lifestyle by organizing sporting events

    DUBAI, UAE -  Dubai Electricity and Water Authority (DEWA) organized 12 sports tournaments in 2022, with the participation of 2,437 male and female employees from various divisions.DEWA also sponsored and hosted three sports tournaments, and participated in several local sports events.These occurred in line with the directives of Sheikh Hamdan...
  • Dubai Courts, Moro Hub ink pact to enhance cooperation in cyber security

    DUBAI, UAE  -  Dubai Courts signed a Memorandum of Understanding with Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority, to enhance their collaboration in digital transformation and cybersecurity.Leveraging on Moro’s capabilities in the digital security field, the MoU will serve the society’s...
  • DEWA’s hydroelectric power plant in Hatta is 59 percent complete

    DUBAI, UAE -  The Dubai Electricity and Water Authority (DEWA) under-construction pumped-storage hydroelectric power plant site in Hatta is 58.48 percent complete.This is the first station of its kind in the GCC, with investments of up to US$387 million (AED 1.421 billion).The project is planned for completion in the fourth...
  • DEWA 9th Sustainability Report showcases its progress in sustainable development

    DUBAI, UAE - The ninth Sustainability Report 2021 issued by Dubai Electricity and Water Authority (DEWA) highlights its efforts and achievements in supporting sustainable development in all its economic, social and environmental aspects.It introduces partners, relevant entities and all stakeholders to its performance and practices in sustainability.The report demonstrates the...
  • DEWA launches construction work of Hatta Sustainable Waterfalls project

    DUBAI, UAE -   MD & CEO of Dubai Electricity and Water Authority (DEWA)    Saeed Mohammed Al Tayer has launched the construction work for the Hatta Sustainable Waterfalls project.The  US$12 million (AED 46 million) project was recently awarded to DEWA and is part of the company's social and investment responsibility to...
  • DEWA approves special $552m dividend

    The record date for the dividend is 22 Dec. 2022.
  • DEWA receives 29 EOIs for first phase of desalination project at Hassyan

    DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has received 29 expressions of interest (EOIs) to implement the first phase of its 120 Million Gallons Per Day (MIGD) Hassyan Sea Water Reverse Osmosis Plant (SWRO) Project using the Independent Water Producer (IWP) model. This is the first project implemented...
  • DEWA receives 29 EOIs to set up desalination project at Hassyan complex

    The company has received 29 expressions of interest to implement first phase of its Hassyan Sea Water Reverse Osmosis Plant.
  • DEWA commissions two new transmission substations

    DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has commissioned a new 132/11kV substations in Al Awir First with a transmission capacity of 150 MVA, at a total cost of US$49 million (AED180 million). DEWA also inaugurated a new transmission 400/132kV substation in Jebel Ali First and overhead cables...
  • DEWA to hold second General Assembly in December

    DUBAI, UAE - Dubai Electricity and Water Authority (DEWA), which is listed on the Dubai Financial Market (DFM), has announced that the company’s second General Assembly meeting will be held physically and virtually on December 12, 2022. The assembly will vote on the recommendation of the Board of Directors to...
  • Awareness campaign of DEWA digital services ends

    Dubai Electricity and Water Authority (DEWA) has successfully concluded its awareness campaign among customers about its innovative digital services on electricity and water efficiency, reducing wastage and leaks, and following a responsible and sustainable lifestyle.
  • DEWA adds 600MW of clean energy production capacity

    DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority Saeed Mohammed Al Tayer said DEWA had added 300 megawatts of photovoltaic solar energy in 2022 from the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park using the Independent Power Producer (IPP) model. The Solar...
  • Empower IPO priced AED1.31-1.33 per share

    The total offering size expected between $357m and $362m.
  • DEWA commissions 389 11kV substations in Q3 of 2022

    DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has commissioned 389 11kV substations in Dubai in the third quarter of 2022. This is part of its efforts to deliver state-of-the-art infrastructure according to the highest international standards. These stations are mainly located at Wadi Al Safa Fifth, Al Merkad,...
  • DEWA to pay one-time cash dividend

    It received a dividend of $553m from its subsidiary, EMPOWER.
  • Empower to sell 10% stake, list on DFM

    Empower will make 1 bn shares, each valued AED0.10, available in IPO.
  • High investments in H1 2022 for DEWA transmission substations

    Dubai Electricity and Water Authority (DEWA) recorded substantial growth of 22 percent in investments allocated to transmission substations during the first half of 2022, compared to the same period last year.
  • DEWA shares drop 2.8%

    The decline came amid reports of economic slowdown.
  • DEWA’s Jebel Ali plant enters Guinness World Records for second time

    It was named as the Largest Single-Site Water Desalination Facility in the World by the Guinness World Records.
  • DEWA to enhance ties with foreign firms at GITEX Global 2022

    MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer received Consul-General of Canada to Dubai and the Northern Emirates Jean-Philippe Linteau at GITEX Global 2022.
  • DEWA invites proposals for work on sixth phase of solar park

    Dubai Electricity and Water Authority (DEWA) has invited international developers to send their Expressions of Interest (EOI) to implement the sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park based on the Independent Power Producer (IPP) model.
  • Multiply Group buys 80% of IEH

    Firm aims to expand its utilities, energy investments.
  • Dubai emerges as a driving force for a green economy

    Dubai is consolidating its position as a pioneer in transitioning to a green economy to support the efforts of the UAE and the rest of the world in fighting the consequences of climate change.
  • DEWA, Desolenator ink pact

    Dutch firm will provide water desalination technology
  • DEWA CEO briefs Utah House of Representatives delegation

    MD & CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer met a delegation from the Unified Economic Opportunity Commission of the Utah House of Representatives, USA.
  • DEWA smart meters’ number up 73% in four years

    Dubai, UAE---Dubai Electricity and Water Authority (DEWA) recorded a growth in the number of smart water meters by 73.6 percent between 2018 and 2022, from 566,214 metres to 983,185. DEWA has a secure and automated infrastructure to manage metre data. Automating metre readings helps customers receive instant information on their...