Dubai plans to derive nearly three quarters of its energy needs from clean sources by 2050. The emirate is also increasing the use of sustainable transport as part of its 2030 green mobility initiative. Photo: Government of Dubai
Dubai plans to derive nearly three quarters of its energy needs from clean sources by 2050. The emirate is also increasing the use of sustainable transport as part of its 2030 green mobility initiative. Photo: Government of Dubai
Dubai plans to derive nearly three quarters of its energy needs from clean sources by 2050. The emirate is also increasing the use of sustainable transport as part of its 2030 green mobility initiative. Photo: Government of Dubai
Dubai plans to derive nearly three quarters of its energy needs from clean sources by 2050. The emirate is also increasing the use of sustainable transport as part of its 2030 green mobility initiativ

Dubai to list utility Dewa in coming months


Jennifer Gnana
  • English
  • Arabic

Dubai Electricity and Water Authority, the state-backed utility of the UAE's commercial hub, plans to list over the coming months, the country's Deputy Prime Minister and Minister of Finance announced on Tuesday.

"We announce today our intention to list the Dubai Electricity and Water Authority in the Dubai Financial Market in the coming months," Sheikh Maktoum bin Mohammed said in a tweet.

"Dubai Electricity and Water Authority (Dewa) represents one of Dubai's development hubs, and investing in it is an investment in Dubai's future. We will consider, during the listing, that it be phased, taking into account the size of the huge assets that Dewa includes and its position within the Dubai economy."

The plan to list Dewa comes as Dubai seeks to list 10 government and state-owned companies on the Dubai Financial Market as part of a broader strategy to increase its financial market's size to Dh3 trillion ($816.7 billion).

The emirate's authorities also launched a market maker fund worth Dh2bn on Monday to encourage listings from sectors such as energy, logistics and retail.

A separate fund worth Dh1bn will be formed to attract technology companies to list in the local bourse and encourage innovative products, Sheikh Maktoum tweeted on Monday.

Dewa, Dubai's main utility, has a total energy generation capacity of 12.3 gigawatts and has the capacity to desalinate 470 million gallons of water per day.

Dubai plans to derive nearly three quarters of its energy needs from clean sources by 2050. The emirate is also increasing the use of sustainable transport as part of its 2030 green mobility initiative.

The utility is developing the Mohammed bin Rashid Al Maktoum Solar Park, which will have a capacity of 5,000 megawatt upon completion in 2030.

Dewa is looking to tap alternative sources of energy for power as part of its clean energy drive and will release its strategy on hydrogen next year.

The utility is currently undertaking a Dh50 million hydrogen pilot project with Germany's Siemens Energy. The 300-kilowatt green hydrogen plant is being developed at the solar park.

The pilot project being developed by Dewa, Expo 2020 Dubai and Siemens Energy aims to demonstrate how hydrogen can be produced from solar power and will demonstrate how to store and re-electrify the clean fuel.

Dewa is also studying the use of hydrogen in mobility, particularly in public transportation.

The UAE plans to offer hydrogen-powered transportation locally as part of a broader roadmap exploring the potential of the fuel, which has become an important part of regional energy diversification strategies.

It Was Just an Accident

Director: Jafar Panahi

Stars: Vahid Mobasseri, Mariam Afshari, Ebrahim Azizi, Hadis Pakbaten, Majid Panahi, Mohamad Ali Elyasmehr

Rating: 4/5

6 UNDERGROUND

Director: Michael Bay

Stars: Ryan Reynolds, Adria Arjona, Dave Franco

2.5 / 5 stars

Women’s World T20, Asia Qualifier, in Bangkok

UAE fixtures Mon Nov 20, v China; Tue Nov 21, v Thailand; Thu Nov 23, v Nepal; Fri Nov 24, v Hong Kong; Sun Nov 26, v Malaysia; Mon Nov 27, Final

(The winners will progress to the Global Qualifier)

The specs: 2018 Audi Q5/SQ5

Price, base: Dh183,900 / Dh249,000
Engine: 2.0L, turbocharged in-line four-cylinder /  3.0L, turbocharged V6
Gearbox: Seven-speed automatic / Eight-speed automatic
Power: 252hp @ 5,000rpm / 354hp @ 5,400rpm
Torque: 370Nm @ 1,600rpm / 500Nm @ 1,370rpm
Fuel economy: combined 7.2L / 100km / 8.3L / 100km

T20 WORLD CUP QUALIFIER

Results

UAE beat Nigeria by five wickets

Hong Kong beat Canada by 32 runs

Friday fixtures

10am, Tolerance Oval, Abu Dhabi – Ireland v Jersey

7.30pm, Zayed Cricket Stadium, Abu Dhabi – Canada v Oman

The specs

Engine: 3.9-litre twin-turbo V8
Power: 620hp from 5,750-7,500rpm
Torque: 760Nm from 3,000-5,750rpm
Transmission: Eight-speed dual-clutch auto
On sale: Now
Price: From Dh1.05 million ($286,000)

Medicus AI

Started: 2016

Founder(s): Dr Baher Al Hakim, Dr Nadine Nehme and Makram Saleh

Based: Vienna, Austria; started in Dubai

Sector: Health Tech

Staff: 119

Funding: €7.7 million (Dh31m)

 

Abu Dhabi GP weekend schedule

Friday

First practice, 1pm 
Second practice, 5pm

Saturday

Final practice, 2pm
Qualifying, 5pm

Sunday

Etihad Airways Abu Dhabi Grand Prix (55 laps), 5.10pm

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3C%2Fstrong%3E%3A%20ASI%20(formerly%20DigestAI)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202017%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Quddus%20Pativada%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Artificial%20intelligence%2C%20education%20technology%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%243%20million-plus%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20GSV%20Ventures%2C%20Character%2C%20Mark%20Cuban%3C%2Fp%3E%0A
The results of the first round are as follows:

Qais Saied (Independent): 18.4 per cent

Nabil Karoui (Qalb Tounes): 15.58 per cent

Abdelfattah Mourou (Ennahdha party): 12.88 per cent

Abdelkarim Zbidi (two-time defence minister backed by Nidaa Tounes party): 10.7 per cent

Youssef Chahed (former prime minister, leader of Long Live Tunisia): 7.3 per cent

Updated: November 02, 2021, 1:48 PM`