Browsing: DEWA

The combined market capitalisation of the 20 largest companies listed on the UAE’s stock exchanges reached AED 2.8T this week. This figure is expected to rise further as part of plans to double the market’s overall value to AED 6T in the coming years.

Dubai Electricity and Water Authority (DEWA)’s Research and Development (R&D) Centre has introduced a digital-first approach for evaluating critical assets like power transformers and overhead lines (OHL). This method does not require on-site sensors or hardware; only asset data and their locations are needed.

Dubai Electricity and Water Authority (DEWA) has recently reported its highest ever first-quarter EBITDA of AED 2.6B ($710M, a 9 percent increase) and a record first-quarter consolidated operating profit of AED 995M ($271M, an 11.6 percent rise), leading to a rating upgrade from Moody’s.