Dubai's daily electricity load peaked to 9,074 MW this year, compared to 8,516 MW in 2019.
That's according to Dubai Electricity and Water Authority (DEWA), which added that the 6.6 per cent year-on-year increase is the highest since 2012.
"This increase in the peak load is a testimony to the boost of social and economic activities in Dubai. DEWA has an installed capacity of 11,700MW of electricity and 470 MIG of water per day," explained Saeed Mohammed Al Tayer, MD & CEO of DEWA.
Meanwhile, DEWA reduced losses in electricity transmission and distribution networks to 3.2 per cent, compared to 6-7 per cent recorded in Europe and the US.
This comes as water network losses decreased to 6.6 per cent, compared to 15 per cent in North America.
Al Tayer highlighted that DEWA achieved a new world record in electricity Customer Minutes Lost (CML) per year. DEWA recorded 1.86 minutes, in Dubai, compared to around 15 minutes recorded by leading electricity companies in the European Union.
Shareholders in Abu Dhabi-listed Borouge approved a $1.32 billion dividend for 2025 on Tuesday, as the petrochemicals company reported strong financial performance.
Emirates NBD has unveiled a business support package that consists of a set of temporary fee-relief measures to help SMEs manage day-to-day operations over the next few months.
The war in the Middle East will lead to higher inflation and slower global growth, the head of the International Monetary Fund said on Monday, ahead of a fresh forecast for the world economy planned by the global lender for next week.
ADNOC Gas confirmed shareholder approval of a record $3.584 billion dividend for 2025, with a final dividend of $896 million payable in May, at its Annual General Meeting on Monday.
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