News

Dubai’s DEWA holds resources of almost Dh200 billion, says CEO Al Tayer

Published

4 years ago

November 5, 2021

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DEWA has been set apart for the first of 10 IPOs of Dubai-owned enterprises

The Dubai-claimed utility substance DEWA right now has resources of almost Dh200 billion and activities with a consolidated worth of around Dh86 billion, as per a high ranking representative.

The reports on DEWA’s monetary and functional status comes after the organization was affirmed as the first of 10 IPOs Dubai is getting ready for driving government-possessed undertakings. These numbers ought to be sufficient to enthuse financial backers peering toward the chance of participating in the forthcoming IPO.

The ventures will be appointed in the following five years, “to fulfill the expanding need for power and water in the emirate,” said Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority. “This is accomplished through an unmistakable system and a guide to change Dubai into a focal point of greatness for new advances important to accomplish net zero outflows and arrive at 100% clean energy by 2050.

“DEWA has prevailed with regards to acquiring the certainty of significant financial backers to work in its significant activities, particularly in sustainable and clean energy utilizing the Independent Power Producer (IPP) model. Through this model, DEWA has drawn in with regards to Dh40 billion.

“With its arrangement of differentiated undertakings, DEWA is changing Dubai into a worldwide center for clean energy, utilizing distinctive troublesome advances, with an emphasis on enhancing the energy blend, as we endeavor to work on the personal satisfaction for every one individuals living in the UAE.”

Developing client base

At this point, DEWA’s client accounts absolute more than 1 million, with the normal yearly increment at 7%. Last year was a fantastic one for the utility substance, as it confronted the test of dealing with the abrupt and supported spike in power use during the pinnacle COVID-19 months. During the stage, normal use shot up 6.6 percent – the greatest such increase beginning around 2012, as per DEWA records.

“The move will assist DEWA with extending its extent of work and will add to giving new positions to Emiratis, support the business area and fortify vital associations between general society and private areas,” said Al Tayer.

Companies

Dubai warns engineering firms over costly villa designs

Published

9 mins ago

August 26, 2025

Michael Gomes

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Dubai Municipality has issued warnings to several engineering consultancy offices after finding that they exaggerated structural designs for citizens’ villas.

According to officials, these inflated designs went against the Dubai Building Code and led to unnecessary construction costs for property owners, without any real engineering need.

The move is part of the Municipality’s efforts to regulate Dubai’s construction sector and protect residents from extra financial burdens. Consultancy offices across the emirate had already been reminded through circulars to strictly follow approved engineering standards.

Eng. Maryam Al Muhairi, CEO of the Buildings Regulation and Permits Agency, said:

“Compliance with the Dubai Building Code is not only a legal requirement but also a professional and ethical responsibility. The goal is to ensure safe, high-quality construction without forcing citizens to pay more than necessary.”

She added that Dubai Municipality will continue to monitor consultancy offices and contractors to prevent excessive use of building materials, including steel, and ensure construction remains efficient, safe, and cost-effective.

Repeat offenders could face disciplinary measures, including poor annual evaluations or even suspension. Earlier this year, two consultancy offices were banned from licensing new projects for six months due to violations.

By cracking down on such practices, Dubai Municipality says it aims to strengthen the emirate’s construction sector, cut waste, and support sustainable urban growth.

Education

Parents, students benefit as RTA upgrades 10 school zones across Dubai

Published

17 mins ago

August 26, 2025

Michael Gomes

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Dubai’s Roads and Transport Authority (RTA) has completed a series of traffic improvements in 10 busy school zones across the city, making life easier for parents, students, and staff.

The works, carried out over the summer break, covered areas such as Al Warqa 1, 3 and 4, Al Safa 1, Al Barsha 1, Al Garhoud, Al Mizhar 1 and 4, Al Qusais and Al Barsha South, benefiting 27 schools in total.

What changed?

Wider roads and smoother traffic flow
New entrances and exits to ease congestion
More parking for parents and staff (up to 90% more in some places)
Safer pedestrian features, including signals and traffic-calming measures

The RTA says some zones have already seen traffic flow improve by up to 40 per cent.

Work is still underway in other school areas like Umm Al Sheif, Al Warqa, and Al Barsha. The project is being carried out in coordination with Dubai Police to ensure safety for students and families.

Parents and school bus drivers are also urged to follow safety rules, use designated drop-off zones, and stay alert around schools.

Crime

UAE: Social media users referred to prosecution for breaking content rules

Published

28 mins ago

August 26, 2025

Michael Gomes

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The National Media Office (NMO) has referred several social media users to the Federal Public Prosecution for posting content that violates UAE media laws.

Officials said a special monitoring team works 24/7 to detect violations, alert users about their mistakes, and give them a chance to correct them. Those who fail to comply face legal action.

The NMO explained that these steps are taken to:

Keep social media safe and respectful
Prevent the spread of harmful or misleading content
Protect community values and ethics

In March, the NMO had already reminded users to follow the UAE’s principles of respect, tolerance, and coexistence when posting online. It warned that anyone breaking these rules will be held accountable under UAE law.