Dubai Electricity & Water Authority PJSC (DEWA)

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News

3 December 2025 03:50 PM DEWA’s Moro Hub joins PwC Middle East to drive tech initiatives across region

Dubai – Mubasher: Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has entered into a strategic collaboration with PwC Middle East to advance the development and implementation of tech …

Global Economy

13 November 2025 07:08 AM DEWA delivers strongest YTD financial performance in 9M-25

Dubai - Mubasher: Dubai Electricity and Water Authority (DEWA) witnessed its strongest year-to-date (YTD) financial performance in its history, according to the financial results. The net profits after tax amounted to AED 6.83 billion in the first …

Financial Results

10 August 2025 06:10 PM DEWA reports AED 2.7bn net profits in H1-25; dividends approved

Dubai - Mubasher: Dubai Electricity and Water Authority (DEWA) achieved AED 2.75 billion in net profits attributable to the owners in the first half (H1) of 2025, marking a year-on-year (YoY) increase from AED 2.50 billion. Revenues increased by …

Cash Dividends

13 May 2025 08:18 AM DEWA records higher revenues in Q1-25, announces AED 2.2bn investments in infrastructure

Dubai – Mubasher: The net profits attributable to the owners of Dubai Electricity and Water Authority (DEWA) dropped to AED 497.81 million in the first quarter (Q1) of 2025 from AED 647.42 million in Q1-24. Basic and diluted earnings per share …

Financial Results

7 April 2025 11:42 AM DEWA expands electricity distribution network amid increasing demand

Dubai – Mubasher: Dubai Electricity and Water Authority (DEWA) commissioned 1,530 11 kilovolts (KV) distribution substations across Dubai in 2024, marking an 8.20% increase compared to 2023. Saeed Mohammed Al Tayer, Managing Director and CEO of …

Companies Investments

23 March 2025 01:50 PM DEWA’s general assembly passes AED 3.1bn dividends for H2-24

Dubai – Mubasher: Dubai Electricity and Water Authority’s (DEWA) general assembly approved the payment of a total dividend of AED 3.10 billion for the second half (H2) of 2024. The shareholders greenlighted the payment of the dividend, with a …

Cash Dividends

11 February 2025 05:58 PM DEWA’s net profits cross AED 7.2bn in 2024; revenues up 6%

Dubai – Mubasher: Dubai Electricity and Water Authority (DEWA) recorded net profits after tax of AED 7.23 billion in 2024, compared to AED 7.93 billion in 2023. Total assets climbed to AED 185.54 billion as of 31 December 2024 from AED 181.17 …

Financial Results

20 January 2025 08:03 PM DEWA joins UAE gov’t to endorse education sector

Dubai – Mubasher: The Ministry of Higher Education and Scientific Research (MoHESR) recently partnered with Dubai Electricity and Water Authority (DEWA) to enhance the scholarship programme for Emirati students, according to an official statement. …

Companies Investments

13 November 2024 09:46 AM DEWA delivers highest results with AED 23.5bn revenues in 9M-24

Dubai – Mubasher: The net profits attributable to the owners of Dubai Electricity and Water Authority (DEWA) amounted to AED 5.36 billion in the first nine months (9M) of 2024. The recorded net profits were compared with AED 5.99 billion in 9M-23, …

Financial Results

9 September 2024 09:42 AM Digital DEWA's Moro Hub, Salzer to bolster digital transformation in region

Dubai – Mubasher: Moro Hub, a subsidiary of Digital DEWA that serves as the digital arm of Dubai Electricity and Water Authority (DEWA), signed a collaboration agreement with Salzer Technologies. In line with the UAE’s digital transformation …

Companies Investments

11 August 2024 03:16 PM DEWA posts AED 2.5bn profits in H1-24

Dubai – Mubasher: Dubai Electricity and Water Authority (DEWA) achieved net profits after tax valued at AED 2.55 billion in the first half (H1) of 2024, marking an annual drop from AED 2.73 billion. Meanwhile, the revenues grew by 7.30% …

Financial Results

8 July 2024 09:49 AM DEWA attracts AED 43.6bn projects via IPWP model

Dubai – Mubasher: Dubai Electricity and Water Authority (DEWA) developed the Independent Power and Water Producer (IPWP) model and attracted investments worth AED 43.60 billion over 10 years. Saeed Mohammed Al Tayer, Managing Director and CEO of …

Companies Investments

23 June 2024 10:59 AM DEWA unveils AED 288m reservoir to boost Dubai’s water network

Dubai – Mubasher: Dubai Electricity and Water Authority (DEWA) has commissioned a new water reservoir in Enkhali and connected it to Dubai’s water network at a cost of AED 287.80 million. The reservoir, which has a storage capacity of 120 million …

Companies Investments

17 June 2024 03:10 PM Digital DEWA’s InfraX to elevate network solutions through partnership with Nokia

Dubai – Mubasher: InfraX of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA) has teamed up with Nokia through a memorandum of understanding (MoU) to deliver high-performance network infrastructure solutions across the …

Companies Investments

13 June 2024 11:45 AM Moro Hub unveils partnership to expand AI business in UAE

Dubai – Mubasher: Moro Hub, a subsidiary of Digital DEWA which serves as the digital arm of Dubai Electricity and Water Authority (DEWA),  partnered with SAP, a global leader in enterprise software solutions, to integrate SAP's Business AI …

Companies Investments

30 May 2024 09:31 AM Moody’s upgrades DEWA’s credit rating to ‘A3’; outlook stable

Dubai – Mubasher: Moody's Ratings has upgraded the long-term issuer rating of Dubai Electricity and Water Authority (DEWA) from ‘Baa2’ to ‘A3’, with stable outlook. Moody’s attributed the rating to DEWA's dominant market position in Dubai's power …

Ratings

26 May 2024 10:51 AM DEWA, Parkin to launch several EV charging stations in Dubai

Dubai – Mubasher: Dubai Electricity and Water Authority (DEWA) has signed a memorandum of understanding (MoU) with Parkin Company. The MoU aims to expand the number of electric vehicle (EV) charging stations in several locations in Dubai, …

Companies Investments

12 May 2024 01:43 PM DEWA announces Q1-24 financial results; revenues hit AED 5.8bn

Dubai – Mubasher: The net profits attributable to the owners of Dubai Electricity and Water Authority (DEWA) fell to AED 647.42 million in the first quarter (Q1) of 2024 from AED 742.76 million a year earlier. DEWA’s quarterly consolidated revenue …

Financial Results

18 April 2024 01:02 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

8 April 2024 11:22 AM 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

2 April 2024 04:03 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

28 March 2024 01:45 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 …

Cash Dividends

22 February 2024 04:48 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

11 February 2024 00:24 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

26 December 2023 02:00 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