Top officials during the 2nd France-Dewa Business Forum in Dubai on Wednesday. WAM
Business Bureau, Gulf Today
Dubai Electricity and Water Authority (Dewa) has organised the second France-DEWA Business Forum, in collaboration with the French Business Council in Dubai and the Northern Emirates and Business France.
Saeed Mohammed Al Tayer, MD & CEO of Dewa, welcomed French participants, headed by Ludovic Pouille, Ambassador of the France to the UAE; Raja Rabia, Consul General of France to Dubai, Geoffroy Bunetel, President of the French Business Council in Dubai and the Northern Emirates; representatives of French companies in the UAE, and senior Dewa officials.
Al Tayer in his welcoming note, “I am pleased to welcome you to the second France-Dewa Forum organised by Dubai Electricity and Water Authority (Dewa) with the French Business Council of Dubai and the Northern Emirates and Business France, at the Dewa Sustainable Building with the theme of “Future of Energy & Innovation”. This forum aims to strengthen cooperation with French institutions and companies and exchange experiences and best practices. We work to achieve the directives of our wise leadership represented by His Highness Sheikh Khalifa Bin Zayed Al-Nahyan, President of the UAE and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to make the UAE the world’s leading nation. Our leadership has established strong historical ties between our two nations based on peace, dialogue, cooperation, and openness, and the UAE and France are keen to support and consolidate these relations for their mutual benefit. French companies and the French investors in the UAE play an important role in strengthening the bonds of friendship and human and social relations, which positively reflects the economic, trade cooperation between the two countries, and achieves common interests.”
Al Tayer emphasised the importance of strengthening cooperation and French companies contributing to electricity and water projects in Dubai and the UAE as well as their forming strategic partnerships with DEWA, especially in generation, transmission, distribution, renewable energy, energy efficiency, digital transformation, and automation.
Al Tayer talked about DEWA’s key projects, initiatives, and programmes to achieve the vision of the wise leadership of His Highness Sheikh Khalifa Bin Zayed Al Nahyan, President of the UAE, and His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. DEWA’s strategy is aligned with the UAE Centennial 2071, the UAE Vision 2021, and the Dubai Plan 2021 to ensure a sustainable, happy future and support the UAE to be number one in all areas. He also explained DEWA’s efforts to achieve its vision to become a globally leading sustainable innovative corporation.
Al Tayer confirmed that Dewa has an installed capacity of 11,100 megawatts (MW) of electricity and 470 Million Imperial Gallons (MIG) of water per day, adding that Dewa’s expertise and experience in anticipating and creating the future of energy by innovating a future model for utilities in the production, transmission, and distribution of electricity and water. He noted that Dewa provides services to over 900,000 customers and has investments valued at more than Dhs86 billion over the next five years to meet the increasing demand for electricity and water in Dubai.
Al Tayer added that DEWA’s Digital DEWA is redefining the concept of a utility to create a new digital future for Dubai. DEWA will disrupt the entire business of public utilities by becoming the world’s first digital utility to use autonomous systems for renewable energy and storage while expanding the use of Artificial Intelligence (AI) and digital services. The initiative has four pillars to deliver a new utility experience for Dubai and the world. The first pillar is launching advanced solar power technologies in Dubai. The second is deploying a renewable energy grid with innovative energy storage technologies. The third pillar is expanding its use of integrated AI solutions to make Dubai the first city to provide AI-based electricity and water services. The fourth pillar is using connected technologies to provide around-the-clock world-class services through the MORO data hub that provides advanced and innovative digital solutions and promotes smart-city applications.
said Pouille said, “Dubai Electricity and Water Authority, together with the French Business Council in Dubai & Northern Emirates and in collaboration with Business France have demonstrated the strength of the French Emirati cooperation and partnership by organising this France-DEWA Business Forum 2019 for future of energy, water and innovation. In the energy and water sector, Dubai remains a privileged destination for our companies wishing to reach a wide range of international markets, due to a common vision and openness to sustainable development and innovation. French expertise in these fields is undeniable; not to mention their innovative technologies, which allows several companies to be involved in different projects. Environment and climate change are one of the many topics on which UAE and France are perfectly aligned, with a shared vision and a strong commitment towards renewable and clean energy; both countries are implementing exemplary strategies to become leaders.”
Emaar Malls, the shopping malls and retail business majority-owned by Emaar Properties, recorded an increase in net profit by 3 per cent during the first six months (January to June) of 2019 to Dhs1.130 billion (US$ 308 million), compared to the net profit of Dhs1.102 billion (US$ 300 million) during the same period
DUBAI: Aramex announced its financial results for the second quarter and the first half ended 30th June 2019. The company’s Q2 2019 revenues grew by four per cent to Dhs1,279 million, compared to Dhs1,232 million in Q2 2018. Revenues would have grown by seven percent excluding the impact from currency
Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, is continuing to prioritise the ease of doing business with the introduction of new licensing categories and fees designed to make establishing businesses within the Centre easier and more affordable.
Blue Ocean Group, a Dubai-based master distributor of consumer electronics, domestic appliances, electrical goods, telecom equipment as well as fashion accessories, today announces its expansion in to the United Kingdom, ahead of Brexit, which is expected to change the market dynamics in the United Kingdom. This makes Blue Ocean Group
Dubai welcomed 8.36 million international overnight visitors in the first six months (January-June) of 2019, posting a positive three per cent in tourism volume growth compared to the same period last year,
China’s central bank unveiled a key interest rate reform on Saturday to help steer borrowing costs lower for companies and support a slowing economy that has been hurt by a trade war with the United States.
Gold prices have hit a record high amid a rush for safe haven assets owing to the fears of a recession. Goehring & Rozencwajg, a research firm which focuses on investments in natural resources, says the great gold bull market has begun.
Abu Dhabi Securities Exchange (ADX) announced that it has succeeded in achieving a compliance rate of 97 per cent regarding the disclosure of the 2nd quarter financial statements 2019 of its listed public joint stock companies,