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02 March 02:24 AM

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7 April 2025 00:42 PM DEWA expands electricity distribution network amid increasing demand
Dubai – Mubasher: Dubai Electricity and Water Authority (DEWA) commissioned 1,530 11 kilovolts (KV) distribution substations across Dubai in 2024, marking an 8.20% increase compared to 2023. Saeed Mohammed Al Tayer, Managing Director and CEO of …
Companies Investments
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26 March 2025 00:44 PM Tabreed’s general assembly approves AED 441m dividend payout for 2024
Dubai - Mubasher: The annual general assembly meeting of National Central Cooling Company (Tabreed) has approved a dividend payment of 15.50 fils per share, exceeding AED 441 million, for 2024. Over the past five years, Tabreed has delivered a …
Cash Dividends
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23 March 2025 02:50 PM DEWA’s general assembly passes AED 3.1bn dividends for H2-24
Dubai – Mubasher: Dubai Electricity and Water Authority’s (DEWA) general assembly approved the payment of a total dividend of AED 3.10 billion for the second half (H2) of 2024. The shareholders greenlighted the payment of the dividend, with a …
General Assembly
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17 March 2025 00:00 PM Tabreed, Dubai Holding to establish district cooling network for AED 1.5bn
Dubai – Mubasher: National Central Cooling Company (Tabreed) and Dubai Holding Investments entered a concession agreement to provide district cooling services for Palm Jebel Ali in Dubai, according to a press release. The project, which will have …
Companies Investments
National Central Cooling Company (Tabreed)
5 March 2025 04:53 PM Tabreed raises $700m inaugural green Sukuk as 1st issuance under $1.5bn programme; listed banks partake
Dubai – Mubasher: National Central Cooling Company (Tabreed) has raised $700 million through an inaugural, five-year green Sukuk, which marks the first issuance under its new $1.50 billion trust certificate issuance programme. The new Sukuk will …
Banking and Finance
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17 February 2025 01:33 PM Empower’s revenues jump 7.5% in 2024 financial results
Dubai – Mubasher: Emirates Central Cooling Systems Corporation (Empower) posted year-on-year (YoY) higher net profits at AED 908.23 million in 2024 , compared to AED 960.08 million. Revenues amounted to AED 3.26 billion in 2024, up 7.40% …
Financial Results
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16 February 2025 09:48 PM Tabreed’s revenues surge in 2024 due to expansion in India, Egypt
Dubai - Mubasher: National Central Cooling Company (Tabreed) registered net profits attributable to the owners valued at AED 570.21 million in 2024, compared with AED 431.14 million in 2023. Total basic and diluted earnings per share (EPS) …
Cash Dividends
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11 February 2025 06:58 PM DEWA’s net profits cross AED 7.2bn in 2024; revenues up 6%
Dubai – Mubasher: Dubai Electricity and Water Authority (DEWA) recorded net profits after tax of AED 7.23 billion in 2024, compared to AED 7.93 billion in 2023. Total assets climbed to AED 185.54 billion as of 31 December 2024 from AED 181.17 …
Financial Results
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20 January 2025 09:03 PM DEWA joins UAE gov’t to endorse education sector
Dubai – Mubasher: The Ministry of Higher Education and Scientific Research (MoHESR) recently partnered with Dubai Electricity and Water Authority (DEWA) to enhance the scholarship programme for Emirati students, according to an official statement. …
Companies Investments
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13 November 2024 10:46 AM DEWA delivers highest results with AED 23.5bn revenues in 9M-24
Dubai – Mubasher: The net profits attributable to the owners of Dubai Electricity and Water Authority (DEWA) amounted to AED 5.36 billion in the first nine months (9M) of 2024. The recorded net profits were compared with AED 5.99 billion in 9M-23, …
Financial Results
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11 November 2024 04:53 PM Empower logs AED 654.5m profits in 9M-24
Dubai – Mubasher: Emirates Central Cooling Systems Corporation (Empower) recorded net profits worth AED 654.45 million in the first nine months (9M) of 2024, versus AED 684.89 million in 9M-23. Revenues hit AED 2.45 billion in 9M-24, marking an …
Financial Results
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9 September 2024 10:42 AM Digital DEWA's Moro Hub, Salzer to bolster digital transformation in region
Dubai – Mubasher: Moro Hub, a subsidiary of Digital DEWA that serves as the digital arm of Dubai Electricity and Water Authority (DEWA), signed a collaboration agreement with Salzer Technologies. In line with the UAE’s digital transformation …
Global Economy
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12 August 2024 05:13 PM Tabreed unveils H1-24 financial results, new board of directors
Dubai - Mubasher: National Central Cooling Company (Tabreed) achieved AED 269.02 million worth of net profits attributable to the shareholders during the first half (H1) of 2024 compared with AED 386.39 million in H1-23. The basic and diluted …
Management Decisions
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11 August 2024 04:16 PM DEWA posts AED 2.5bn profits in H1-24
Dubai – Mubasher: Dubai Electricity and Water Authority (DEWA) achieved net profits after tax valued at AED 2.55 billion in the first half (H1) of 2024, marking an annual drop from AED 2.73 billion. Meanwhile, the revenues grew by 7.30% …
Financial Results
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7 August 2024 01:51 PM Empower sees lower net profits in H1-24
Dubai – Mubasher: Emirates Central Cooling Systems Corporation (Empower) achieved net profits after tax valued at AED 389.52 million in the first half (H1) of 2024, marking an annual drop from AED 402.95 million. Meanwhile, the revenues grew …
Financial Results
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8 July 2024 10:49 AM DEWA attracts AED 43.6bn projects via IPWP model
Dubai – Mubasher: Dubai Electricity and Water Authority (DEWA) developed the Independent Power and Water Producer (IPWP) model and attracted investments worth AED 43.60 billion over 10 years. Saeed Mohammed Al Tayer, Managing Director and CEO of …
Companies Investments
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23 June 2024 11:59 AM DEWA unveils AED 288m reservoir to boost Dubai’s water network
Dubai – Mubasher: Dubai Electricity and Water Authority (DEWA) has commissioned a new water reservoir in Enkhali and connected it to Dubai’s water network at a cost of AED 287.80 million. The reservoir, which has a storage capacity of 120 million …
Companies Investments
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17 June 2024 04:10 PM Digital DEWA’s InfraX to elevate network solutions through partnership with Nokia
Dubai – Mubasher: InfraX of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA) has teamed up with Nokia through a memorandum of understanding (MoU) to deliver high-performance network infrastructure solutions across the …
Companies Investments
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13 June 2024 01:50 PM Empower to sponsor largest global district cooling event
Dubai – Mubasher: Emirates Central Cooling Systems Corporation (Empower) has announced that it will sponsor and participate in the International District Energy Association (IDEA) 2024 Annual Conference in Orlando. Taking place from 17 to 20 June, …
Event
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13 June 2024 00:45 PM Moro Hub unveils partnership to expand AI business in UAE
Dubai – Mubasher: Moro Hub, a subsidiary of Digital DEWA which serves as the digital arm of Dubai Electricity and Water Authority (DEWA),  partnered with SAP, a global leader in enterprise software solutions, to integrate SAP's Business AI …
Companies Investments
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9 June 2024 10:57 AM Tabreed cuts carbon emissions by 1.5m tonnes in 2023
Dubai – Mubasher: National Central Cooling Company (Tabreed) has reduced its energy use by 2.52 billion kilowatt-hours (kWh) in 2023. Tabreed slashed CO2 emissions by 1.50 million metric tonnes, equivalent to powering 143,000 homes, according to …
Companies Investments
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30 May 2024 10:31 AM Moody’s upgrades DEWA’s credit rating to ‘A3’; outlook stable
Dubai – Mubasher: Moody's Ratings has upgraded the long-term issuer rating of Dubai Electricity and Water Authority (DEWA) from ‘Baa2’ to ‘A3’, with stable outlook. Moody’s attributed the rating to DEWA's dominant market position in Dubai's power …
Ratings
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26 May 2024 11:51 AM DEWA, Parkin to launch several EV charging stations in Dubai
Dubai – Mubasher: Dubai Electricity and Water Authority (DEWA) has signed a memorandum of understanding (MoU) with Parkin Company. The MoU aims to expand the number of electric vehicle (EV) charging stations in several locations in Dubai, …
Companies Investments
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15 May 2024 02:04 PM Tabreed’s net profits fall in Q1-24 to AED 112m
Dubai – Mubasher: The net profits attributable to the equityholders of National Central Cooling Company (Tabreed) hit AED 112.13 million in the first quarter (Q1) of 2024. The generated net profits retreated from AED 236.36 million in Q1-23, …
Financial Results
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12 May 2024 02:43 PM DEWA announces Q1-24 financial results; revenues hit AED 5.8bn
Dubai – Mubasher: The net profits attributable to the owners of Dubai Electricity and Water Authority (DEWA) fell to AED 647.42 million in the first quarter (Q1) of 2024 from AED 742.76 million a year earlier. DEWA’s quarterly consolidated revenue …
Financial Results