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30 April 10:24 AM

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22 April 12:38 PM Empower connects Al Wasl Tower to its district cooling network
Dubai – Mubasher: Emirates Central Cooling Systems Corporation (Empower) has connected Al Wasl Skyscraper to the company’s district cooling network, according to a press release. The first phase of the process has already started, while the second …
Companies Investments
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18 April 02:02 PM DEWA, ACWA Power reach financial close of AED 3.4bn desalination project
Dubai – Mubasher: Dubai Electricity and Water Authority (DEWA) and ACWA Power Company have announced the financial closing of an AED 3.37 billion seawater reverse osmosis (RO) desalination project in Hassyan. With a capacity of 180 million …
Companies Investments
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8 April 12:22 PM DEWA saves over AED 500m from new digital services approach
Dubai – Mubasher: Dubai Electricity and Water Authority (DEWA) has saved a total of AED 505 million by applying a new approach to digital services. In addition to cutting 41,470 tonnes of carbon emissions, the Services 360 approach increased the …
Companies Investments
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3 April 02:22 PM Empower records 54% surge in district cooling consumption over 5 years
Dubai – Mubasher: Emirates Central Cooling Systems Corporation (Empower) announced a record increase of 54% in the volume of consumption of its district cooling services over the past five years. The use of district cooling services jumped 16% …
Companies Investments
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2 April 05:03 PM DEWA launches smart app on Apple Vision Pro glasses
Dubai – Mubasher: Dubai Electricity and Water Authority (DEWA) has launched its smart app on Apple Vision Pro glasses, becoming the first utility to offer its services through this technology that combines augmented and virtual reality. DEWA …
Companies Investments
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31 March 03:42 PM Empower’s shareholders approve 42.5% of capital as dividends for H2-23
Dubai – Mubasher: Emirates Central Cooling Systems Corporation (Empower) announced cash dividends of AED 425 million for the second half (H2) of 2023, according to a press release. Empower will disburse AED 0.04 per share, equivalent to 42.50% of …
Cash Dividends
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28 March 02:45 PM DEWA’s shareholders nod for AED 3.1bn dividends for H2-23
Dubai – Mubasher: The general assembly of Dubai Electricity and Water Authority (DEWA) has approved the disbursement of AED 3.10 billion, or 6.20 fils per share, for the second half (H2) of 2023. The dividends are set to be paid to eligible …
General Assembly
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20 March 03:14 PM Tabreed unveils higher cash dividends for 2023
Dubai – Mubasher: National Central Cooling Company (Tabreed) has announced a record-high dividend payment of 15.50 fils per share for 2023, according to a press release. This represents an increase of 15% over the previous year, reflecting …
General Assembly
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22 February 05:48 PM Digital DEWA's Moro Hub, Siemens to foster technology services
Dubai – Mubasher: Moro Hub, a subsidiary of Digital DEWA which serves as the digital arm of Dubai Electricity and Water Authority (DEWA), and Siemens teamed up to enhance operational technology (OT) security and smart city services. The …
Companies Investments
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18 February 06:56 PM Tabreed posts 25% YoY profit hike in 2023; AED 441m dividends proposed
Dubai – Mubasher: National Central Cooling Company (Tabreed) logged a net profit before tax attributable to the parent company worth AED 751.40 million in 2023, up 25% year-on-year (YoY) from AED 600.20 million, according to a press release. Group …
Corporate Actions
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12 February 02:59 PM Empower logs AED 960m profits in 2023; dividends unveiled
Dubai – Mubasher: Emirates Central Cooling Systems Corporation (Empower) registered net profits amounting to AED 960.08 million in 2023, lower year-on-year (YoY) than AED 1 billion. The revenues reached AED 3.03 billion in January-December 2023, …
Cash Dividends
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11 February 01:24 PM DEWA records 7% higher revenues in 2023; profits exceed AED 7.9bn
Dubai – Mubasher: Dubai Electricity and Water Authority (DEWA) recorded net profits standing at AED 7.93 billion in 2023, down 1.40% from AED 8.04 billion during January-December 2022. DEWA posted an annual rise of 7% in revenue to AED 29.23 …
Financial Results
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27 December 2023 00:44 PM Empower, ASHRAE join forces to boost district cooling industry
Dubai – Mubasher: Emirates Central Cooling Systems Corporation (Empower) teamed up with the American Society of Heating Refrigerating and Air-Conditioning Engineers (ASHRAE) to enhance the cooling and heating sector. The two entities will …
Companies Investments
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26 December 2023 03:00 PM DEWA rolls out AED 11m project in Hatta
Dubai – Mubasher: Dubai Electricity and Water Authority (DEWA) has awarded an AED 10.90 million contract for a project in Hatta, according to the Emirates News Agency (WAM). The project covers a 562-metre Glass-Reinforced Epoxy (GRE) water …
Companies Investments
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5 December 2023 06:04 PM DFM’s carbon credits pilot platform debuts at COP28 as trading commences; listed entities take part
Dubai – Mubasher: The carbon credits trading pilot programme by Dubai Financial Market (DFM) was launched on 5 December 2023, where institutional investors will be able to buy and sell until 11 December. Making its debut at the 28th UN Climate …
Banking and Finance
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5 December 2023 04:14 PM Abu Dhabi introduces Hub71+ ClimateTech for startups worldwide; listed entities involved
UAE – Mubasher: Abu Dhabi’s global tech ecosystem Hub71 has launched Hub71+ ClimateTech as a specialist ecosystem dedicated to endorsing and helping startups across the globe, according to a press release. Meanwhile, the Abu Dhabi National Oil …
Companies Investments
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20 November 2023 11:25 AM DEWA greenlights ACWA Power’s Noor Energy 1 project
Riyadh – Mubasher: Dubai Electricity and Water Authority (DEWA) granted ACWA Power Company the initial commercial operation certificate to operate the second phase of the Noor Energy 1 independent power project. The Saudi company pointed out that …
Companies Investments
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15 November 2023 05:41 PM Tabreed posts lower profits in 9M-23, shifts to losses in Q3
Dubai – Mubasher: National Central Cooling Company (Tabreed) logged net profits attributable to the equityholders worth AED 285.13 million in the first nine months (9M) of 2023, versus AED 399.61 million in 9M-22. The UAE company generated …
Financial Results
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13 November 2023 05:52 PM DEWA unveils AED 5.99bn profits in 9M-23, highest quarterly revenues
Dubai – Mubasher: The net profits attributable to the owners of Dubai Electricity and Water Authority (DEWA) stood at AED 5.99 billion in the first nine months (9M) of 2023, versus AED 6.23 billion in 9M-22. Basic earnings per share (EPS) …
Financial Results
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5 November 2023 01:25 PM Empower’s profits down in 9M-23; revenues rise to AED 2.26bn
Dubai – Mubasher: Emirates Central Cooling Systems Corporation (Empower) posted net profits worth AED 684.89 million in the first nine months (9M) of 2023, versus AED 732.04 million in 9M-22. The UAE company generated revenues valued at AED 2.26 …
Financial Results
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19 October 2023 00:17 PM Empower pays AED 425m cash dividends for H1-23
Dubai – Mubasher: The board members of Emirates Central Cooling Systems Corporation (Empower) approved cash dividends valued at AED 425 million for the first half (H1) of 2023. The cash dividends account for 42.50% of the company’s paid-up …
Board of Directors
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16 October 2023 02:38 PM Empower to build advanced district cooling plant; explanation plans unveiled
Dubai – Mubasher: Emirates Central Cooling Systems Corporation (Empower) has awarded a set of contracts to build an advanced new-generation district cooling plant, according to a press release. The DFM-listed company plans to expand the district …
Companies Investments
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4 October 2023 02:43 PM DEWA, ACWA Power team up for world’s largest solar-powered desalination plant
Mubasher: Dubai Electricity and Water Authority (DEWA) and ACWA Power Company signed a 30-year water purchase agreement (WPA) for phase 1 of the Hassyan Sea Water Reverse Osmosis (SWRO) desalination project. The project will be carried out by …
Companies Investments
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12 September 2023 07:49 PM Tabreed mulls investing in India’s district cooling infrastructure
Dubai – Mubasher: National Central Cooling Company (Tabreed) will explore developing and investing in Hyderabad’s district cooling infrastructure in India upon a memorandum of understanding (MoU) with the regional Indian Government of Telangana. …
Companies Investments
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13 August 2023 05:21 PM DEWA reports over 6m digital transactions in H1-23
Dubai – Mubasher: Customers of Dubai Electricity and Water Authority (DEWA) carried out 6.30 million digital transactions in the first half (H1) of 2023, according to a press release. The transactions were executed through DEWA’s website and smart …
Companies Investments