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TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.
  • Qatar’s Industrial Production Index surges 5.5 percent in Jan

    Doha, Qatar -- Qatar's Industrial Production index (IPI) in January 2024 reached 108.7 points, an increase of 4 percent compared to December 2023 and an increase of 5.5 percent compared to January 2023. The Planning and Statistics Authority has issued the press release of industrial production index for January 2024,...
  • Iraq’s Tigris, Euphrates rivers plummet as water crisis looms

    NASIRIYAH, IRAQ - Iraq's Tigris and Euphrates rivers have witnessed a sharp decrease in their levels in the south of the country, officials said Sunday, pledging to take urgent measures to ease water shortages. In Nasiriyah, capital of the southern province of Dhi Qar, an AFP photographer saw the river bed...
  • 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;...
  • 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...
  • 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...
  • Environment Agency – Abu Dhabi issues marine water quality policy

    ABU DHABI,  UAE - The Environment Agency - Abu Dhabi (EAD) has issued a policy on sustaining marine water quality that reviews the current situation and main challenges related to marine water in the emirate. The policy is part of EAD's efforts to maintain and sustain Abu Dhabi's marine waters...
  • Dams fulfill GCC’s water needs, boost economies

    More dams are being built in the region to shield the residents against floods, offer a lifeline during drought and work towards food sufficiency by enhancing agriculture output.
  • 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...
  • 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,...
  • 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...
  • 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....
  • Sponge cities an answer to Gulf water woes

    China, Singapore and Hong Kong are planning to convert 80 percent of their cities into sponge areas by 2030 for various purposes.
  • Transport employees in Tunisia stop work citing late salary

    TUNIS, TUNISIA - Tram and bus workers in the Tunisian capital staged a strike over delays in salaries and the lack of an end-of-year bonus Monday, creating traffic jams across Tunis. The strike is the latest in a string of similar actions as Tunisia grapples with a grinding economic crisis, with...
  • 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...
  • Dubai conference explore ways to nullify environment challenges

    This is especially important with the ongoing preparations for the UAE to host the 28th Conference of the Parties by the United Nations Framework Convention on Climate Change (COP28).
  • UAE’s ‘Beyond2020’ provides water source to thousands of Sudanese

    Abu Dhabi, UAE--The UAE-led ‘Beyond2020’ humanitarian initiative has provided a safe source of water for about 20,000 residents of the villages of ‘Tawit’ and ‘Tahjr’ in Kassala State, eastern Sudan. Under the initiative, two small solar-powered water basins were erected in accordance with a groundwater pumping system to provide 20...
  • DEWA wins top award by UK based institute

    Dubai, UAE - Dubai Electricity and Water Authority (DEWA) won the Best Creative Electricity and Water Solutions Brand by Global Brands Magazine Awards 2022 in the UK. Saeed Mohammed Al Tayer, MD and CEO of DEWA, expressed his happiness with the award, which reflects DEWA’s excellent strategies and its efforts...
  • All regions experienced water extremes in 2021, says UN

    GENEVA, SWITZERLAND - All regions of the world saw water extremes last year - both floods and droughts - and billions of people had insufficient freshwater, the United Nations said on Tuesday. Large areas of the planet recorded drier than normal conditions in 2021, the UN's World Meteorological Organization said...
  • 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...
  • Multi-disciplinary solutions needed to deal with food crisis and water scarcity in MENA region

    It is essential to adopt sustainable water management practices to build resilience, sustain peace and improve the well-being of local populations. Coordinated action is needed urgently to tackle the water crisis in the MENA region, which has reached unprecedented levels, he adds.
  • Nestle pours $1.8 bn in S Arabia

    Firm said this will help bolster its presence in kingdom.
  • 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...
  • Staring at drought next year, Iraq digs more than 500 wells in 2022

    Al-Mishkhab, Iraq - Iraq has long drilled the desert for oil, but now climate stress, drought and reduced river flows are forcing it to dig ever deeper for a more precious resource: water. The war-scarred nation and major crude exporter is one of the world's five countries most impacted by key...
  • 60% houses in Iraq lose access to drinking water, says survey

    BAGHDAD, IRAQ - In drought-hit Iraq, six out of 10 households have had their access to drinking water disrupted and a quarter of farmers have seen crop yields drastically fall this year, said a survey published Monday. Iraq has been battered by three years of drought, low rainfall and reduced...
  • New Russian strikes cuts Ukraine’s power supplies

    Energy restrictions were "forcibly applied" in several regions, including the capital Kyiv and its surrounding region, Ukrenergo said. In western Ukraine, electricity and water supplies were disrupted in parts of the Volyn region, according to its governor. The city of Khmelnitskyi was without power and the city council called on...
  • 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.
  • Large turnout of visitors at WETEX, Dubai Solar Show

    The Water, Energy, Technology and Environment Exhibition (WETEX) and Dubai Solar Show (DSS) saw a large turnout of visitors in its 24th edition.
  • Jordan, Germany discuss scientific research, ties in water sector

    Jordan's The Royal Scientific Society (RSS) and the Princess Sumaya University for Technology (PSUT) discussed with the German Research Foundation (DFG) prospects of scientific and research ties in the water sector.
  • TAQA secures $1.09 bn funding to finance Mirfa power plant’s debt

    Abu Dhabi, UAE-- Abu Dhabi National Energy Company (TAQA) has secured $1.09 billion in funding to refinance debt for Mirfa Power and Water Plant. TAQA said in a statement that the Mirfa International Power & Water Company (MIPCO), which owns and operates the plant, secured the dollar-denominated financing from nine...
  • DEWA, Desolenator ink pact

    Dutch firm will provide water desalination technology
  • Treated sewage water improves wheat growth, production in UAE

    A study by an Emirati researcher has shown that wheat growth can be accelerated and production improved using treated sewage water.
  • 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...
  • DEWA plans cash dividend for H1

    Firm plans to give cash dividend of US$844m.
  • World Green Economy Summit 2022 theme revealed

    Dubai Electricity and Water Authority (DEWA) and the World Green Economy Organization (WGEO) announced that the theme of the 8th World Green Economy Summit (WGES) is "Climate Action Leadership through Collaboration: The Roadmap to Net-zero."
  • Broad money supply in Qatar reaches US$185.4bn in July

    Social Security statements reached QR 78 million in July 2022, for 14,495 beneficiaries, recording a monthly decrease of 0.2% for the value of social security.
  • DEWA ranks as 3rd most valuable utility brand in Middle East

    Dubai Electricity and Water Authority (DEWA) has been ranked the third most valuable utility brand in the Middle East and the third fastest growing brand in the UAE according to the annual report issued by 'Brand Finance'.
  • UN says half of world’s health facilities lack basic hygiene

    Sketching a dire picture of the world’s healthcare facilities, the United Nations has said that nearly four billion people are at greater risk of infection because of poor hygiene services where patients receive care. According to WHO and the UNICEF nearly 688 million people are treated at places with no...
  • UAE launches net-zero drive for firms

    The Ministry of Climate Change and Environment (MoCCAE) Monday launched the UAE Climate-Responsible Companies Pledge. The pledge aims to increase the engagement of the private sector in the country’s decarbonization drive, in line with the UAE Net Zero 2050 Strategic Initiative.
  • Saudi review partnership with Bahrain in green sector

    Bahrain targets zero neutrality by 2060 in the country.
  • Saudi Arabia, Malaysia discuss food security

    Saudi Arabia and Malaysia discussed cooperation in food security and the promotion of the private sector to benefit from investment opportunities in both the countries. Saudi’s Minister of Environment, Water and Agriculture Eng. Abdulrahman bin Abdulmohsen Al-Fadhli met in Riyadh with Malaysia’s Minister of Agriculture and Food Industries Ronald Kiandee....
  • DEWA organizes virtual seminar, 90 Turkish firms participate

    Dubai Electricity and Water Authority (DEWA) has organized a virtual seminar with 90 leading Turkish companies in the energy and water sectors.
  • DEWA alert service reduce 217,370 tons of carbon emissions

    Dubai Electricity and Water Authority (DEWA) has announced that its High-Water Usage Alert service has helped to reduce 217,370 tons of carbon emission since its launch three years ago and till June 30, 2022.
  • Earth’s water may have come from asteroids: study

    In a new paper published in the journal Nature Astronomy, scientists said the Ryugu samples could give clues to the mystery of how oceans appeared on Earth billions of years ago.
  • Droughts exact heavy cost on Morocco

    Water shortage has dealt a crippling blow to farming in the North African country as successive droughts exact a heavy economic cost.
  • DEWA smart services receive wide praise from customers

    Dubai Electricity and Water Authority (DEWA) smart services have helped customers raise the efficiency of their electricity and water consumption and reduce waste and leakages.
  • DEWA H1 2022 revenue is $3.3bn

    DEWA's net profit in H1 2022 is US$898 million
  • Jordan, Canada talk cooperation, regional developments

    Safadi lauded Canada's efforts to support the Kingdom's development process and help Jordan face economic challenges
  • Iraq launches rebuilding of Mosul airport destroyed in ISIS battle

    Entire sectors of the northern metropolis have remained in ruins since the July 2017 recapture of Mosul by Iraqi forces backed by a US-led multinational coalition. The airport, which was heavily damaged in the battle, has been disused since ISIS seized Mosul and adjacent areas in 2014.
  • Jordan, Canada to forge cooperation in food and water security

    Jordan and Canada on Sunday discussed enhancing bilateral development cooperation, especially in food and water security. Jordan’s Minister of Planning and International Cooperation Nasser Shraideh and Canadian International Development Minister Harjit Sajjan discussed it. The duo also explored ways to combat climate change and promote Investment opportunities. Shraideh highlighted the...