Dubai Electricity and Water Authority (DEWA) has bagged two awards at the MENA Green Building Awards.
The authority won the Net Zero Building Project of the Year, for its Innovation Centre at the Mohammed bin Rashid Al Maktoum Solar Park; and the Sustainable Design Project of the Year for its new headquarters named ‘Al Shera’a’.
The ceremony was organised by the Emirates Green Building Council.
Highlighting the UAE’s efforts in transforming towards a sustainable and green economy, Saeed Mohammed Al Tayer, MD & CEO of DEWA said that Dubai Clean Energy Strategy aims to provide 75 per cent of Dubai’s total power capacity from clean energy sources by 2050.
"To achieve these goals, we develop pioneering clean and renewable energy projects such as the Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site solar park in the world with a planned capacity of 5000MW by 2030; retrofitting more than 30,000 existing buildings in Dubai through Etihad Energy Services Company (Etihad Esco) to ensure energy efficiency, and the Shams Dubai initiative," he said.
Dubai has reduced carbon emissions by 22 per cent compared to business as usual, exceeding the target of 16 per cent by 2021, he added.
ADNOC Distribution has reported a net profit growing by 15.6 per cent year-on-year to $579 million in the first nine months, with an EBITDA increase of 12 per cent to $885 million, its strongest performance since listing in 2017.
TECOM Group has announced a 20 per cent revenue growth reaching more than AED 2.1 billion, with a net profit exceeding AED 1.1 billion, marking an 18 per cent year-on-year increase.
The Dubai Financial Market (DFM) has announced its consolidated financial results for the nine months ending September 30, reporting a net profit before tax of AED 930.8 million, an increase of 212 per cent compared to the same period in 2024.
DMCC — Dubai’s leading international business district — has announced plans to create a new Financial Centre that will anchor trade finance, fintech innovation and digital asset solutions across its 26,000-member community.
The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.15 per cent to 3.90 per cent, effective from Thursday, October 30.
The UAE has launched an urgent humanitarian mission to assist communities affected by Hurricane Melissa, which devastated parts of Jamaica, Haiti and Cuba.
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, looked at ways to advance cooperation with South Korea in key sectors during talks with President Lee Jae-myung in Gyeongju.