DEWA registered a 4.51 per cent annual increase in electrical connection requests for commercial projects through its Al Namoos service in 2024, according to MD and CEO of DEWA, Saeed Mohammed Al Tayer.
The increase highlights DEWA's commitment to keep pace with the rising demand for electricity and water services driven by Dubai's urban expansion as its population and economy continue to grow.
Al Namoos, an Emirati word that describes a race winner, provides electricity connections of up to 150 kilowatts within five days to DEWA’s accredited consultants and contractors through a two-step process.
DEWA received 8,241 requests for electricity connections in 2024. The number of its accredited consultants and contractors stood at 2,123 by 31 December 2024.
Consultants and contractors can also benefit from DEWA’s Soqoor Programme, Marafeq Smart Feature and the OWNEK awareness initiative, in addition to access to the second edition of its Infrastructure NOC Technical Manual.
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.
Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.
Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.