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Trends & Analysis
News

Gold surges amid US-Iran deal prospects

News

Dow hits record closing high on US-Iran peace deal hopes

News

Nvidia’s stock dips despite Q1 beat, strong forecast

News

CAD falls versus USD following inflation data

News

Gold rises as Trump postpones Iran attack

News

Crude oil surges amid stalled US-Iran peace talks

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Dubai Electricity and Water Authority (DEWA) – Introduction and background

Dubai Electricity and Water Authority (DEWA) is Dubai’s exclusive provider of electricity and water utility services, supplying power and desalinated water to the emirate. 

Founded on 1 January 1992 through the merger of the Dubai Electricity Company and the Dubai Water Department — organisations dating to 1959 — DEWA has scaled alongside Dubai’s extraordinary growth to become a utility of global scale. The group today operates over 14 GW of installed generation capacity, serves more than 800,000 customers, holds a 56% stake in Empower, the world’s largest district cooling provider, and advances Dubai’s clean energy ambitions through the Mohammed bin Rashid Al Maktoum Solar Park — one of the world’s largest single-site solar projects.

DEWA listed on the Dubai Financial Market (DFM) in 2022, in what was at that time the largest IPO in the DFM’s history.

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