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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.

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Dubai-India travel: Security procedures triggered for Emirates flight following bomb threat email, flight lands safely

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13 hours ago

December 5, 2025

Michael Gomes

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Authorities at Hyderabad’s Rajiv Gandhi International Airport activated full emergency protocols on Friday after receiving a bomb threat email linked to Emirates flight EK526 travelling from Dubai (DXB) to Hyderabad (HYD).

According to GMR officials, the threat email landed in the airport’s customer support inbox around 7.30am on December 5. Despite the alert, the flight continued under strict monitoring and landed safely at 8.30am.

Once on the ground, the aircraft was immediately moved to an isolated bay. Passengers were safely deboarded, and security te

ams carried out standard bomb threat checks. Investigations are currently underway.

Emirates confirmed the incident in a statement to local media, saying authorities had alerted them to a “potential security threat” to EK526.
“All standard security procedures were implemented by the relevant local authorities with full co-operation from Emirates’ ground teams,” the airline said, adding that “the safety and well-being of passengers and crew remain the highest priority.”

Authorities say all threats are being investigated, and extra security measures remain in place at the airport.

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Driving through Abu Dhabi this week? Here are the road closures you need to know about

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13 hours ago

December 5, 2025

Michael Gomes

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Abu Dhabi motorists can expect some delays over the next few days, with the Department of Municipalities and Transport (DMT) announcing a series of partial road closures across key routes in the capital. Drivers are being urged to plan, allow extra travel time, and follow diversions to avoid congestion.

Sheikh Zayed Bin Sultan Street

A major set of phased lane closures will take place near Sheikh Zayed Bridge from Tuesday, December 9 to Monday, December 22, 2025.

Three left lanes will be closed from 12am on December 9 until 10pm on December 15.
Two right lanes will then shut from 10pm on December 15 until 6am on December 22.

Sheikha Fatima Bint Mubarak Street

Another temporary closure is scheduled on Sheikha Fatima Bint Mubarak Street from 5pm on December 5 until 5am on December 8.

Authorities explained that these restrictions are part of ongoing road enhancement projects designed to improve traffic flow and safety across the city. Motorists are encouraged to use alternative routes wherever possible during the maintenance period.

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Sharjah Police give deadline to remove National Day stickers, or face fines

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13 hours ago

December 5, 2025

Michael Gomes

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If your car is still sporting National Day decals, it’s time to take them off. Sharjah Police have announced that all vehicle owners must remove their UAE National Day celebration stickers by Saturday, December 6, and those who miss the deadline will face violations.

The reminder follows a crackdown during the 54th Eid Al Etihad celebrations, where authorities impounded 106 vehicles and nine motorbikes for dangerous and irresponsible behaviour on the roads.

According to Sharjah Police, the violations included:

Creating loud noise and disturbing residents
Driving recklessly and endangering others
Operating vehicles without a valid licence

Police officials urged motorists to celebrate responsibly and avoid turning festivities into safety risks.

However, there has been a shift in decorating trends this year. Many residents opted for cleaner, simpler, more elegant designs to showcase their UAE pride ahead of the long weekend, and demand for custom decals surged.

Authorities are now urging residents to ensure all celebratory stickers and decorations are removed by the set deadline to keep roads safe and avoid penalties.