Dubai Financial Market

DIFC's strategic initiatives drive Dubai's emergence as a global hub for sustainable finance fundraising, leadership, innovation and capacity building

Retrieved on: 
Sunday, December 3, 2023
Carbon, Hive, Sustainable development, Nature, Climate change, DFM, Path, Dubai International Airport, Chartered Banker Institute, Ecosystem, Future, Growth, Knowledge, Sustainable finance, Fintech, Party, Government, Memorandum of understanding, Prototype, Innovation, S&P Global Ratings, Scottish Enlightenment, Museum, Partnership, ESG Quant, COP28, Head, AED, Dubai Financial Market, Humanity, Intelligence, Museum of the Future, Catalysis, Creative industries, Renewable energy, Transport, Management, Biodiversity

DIFC launches Sustainable Finance Catalyst to scale sustainable finance from Dubai enabled by first AI-driven sustainability knowledge hub.

Key Points: 
  • DIFC launches Sustainable Finance Catalyst to scale sustainable finance from Dubai enabled by first AI-driven sustainability knowledge hub.
  • Sustainable Finance Catalyst set to grow sustainable finance raised from Dubai to USD100 billion by 2030.
  • Building on DIFC's position as the first global sustainable finance hub in MEASA, DIFC's Sustainable Finance Catalyst will help scale sustainable finance flows from Dubai to USD100 billion by 2030.
  • The initiatives will further position DIFC and Dubai as a global hub for sustainable finance, enable continued upskilling of top talent, and amplify action on climate finance."

DIFC's strategic initiatives drive Dubai's emergence as a global hub for sustainable finance fundraising, leadership, innovation and capacity building

Retrieved on: 
Sunday, December 3, 2023
Carbon, Hive, Sustainable development, Nature, Climate change, DFM, Path, Chartered Banker Institute, Ecosystem, Future, Growth, Knowledge, Sustainable finance, Fintech, Party, Government, Multimedia, Memorandum of understanding, Prototype, Innovation, S&P Global Ratings, Scottish Enlightenment, Museum, Partnership, ESG Quant, Dubai International Financial Centre, COP28, Head, AED, Dubai Financial Market, Humanity, Intelligence, Museum of the Future, Catalysis, Art, Creative industries, Renewable energy, Transport, Management, Biodiversity

DIFC launches Sustainable Finance Catalyst to scale sustainable finance from Dubai enabled by first AI-driven sustainability knowledge hub.

Key Points: 
  • DIFC launches Sustainable Finance Catalyst to scale sustainable finance from Dubai enabled by first AI-driven sustainability knowledge hub.
  • Sustainable Finance Catalyst set to grow sustainable finance raised from Dubai to USD100 billion by 2030.
  • Building on DIFC's position as the first global sustainable finance hub in MEASA, DIFC's Sustainable Finance Catalyst will help scale sustainable finance flows from Dubai to USD100 billion by 2030.
  • The initiatives will further position DIFC and Dubai as a global hub for sustainable finance, enable continued upskilling of top talent, and amplify action on climate finance."

GULFNAV Submits Proposal to Acquire All of the Businesses and Assets of Brooge Energy Limited

Retrieved on: 
Tuesday, October 3, 2023
BEL, Emirate of Fujairah, BROG, Acquisition, Investment, Biofuel, Growth, Emirate, Kingdom, Transport, Dubai Financial Market, Oil

GULFNAV has stated that this proposed acquisition is part of its strategy to enhance growth and provide an integrated portfolio of logistical services related to oil, petrochemicals and gas.

Key Points: 
  • GULFNAV has stated that this proposed acquisition is part of its strategy to enhance growth and provide an integrated portfolio of logistical services related to oil, petrochemicals and gas.
  • In addition, BEL has not responded to GULFNAV’s proposal and there is no guarantee it will accept the proposal.
  • GULFNAV is optimistic that the proposed transaction, if agreed by both parties, would target closing in the fourth quarter of 2023.
  • GULFNAV works with some of the world’s largest petrochemical companies and independent trading houses, specializing in the transportation of crude oil and chemical products.

Dubai Electricity & Water Authority highlights the city's sustainability plans in an interview with World Finance

Retrieved on: 
Wednesday, March 8, 2023
Carbon, World News Media, DEWA, Emirate, GCC, Growth, DFM, CO2, EV, PJSC, Emirate of Dubai, World Finance Corporation, Muhammad, Government, Electricity, UN, Dubai Financial Market, Drug, Renewable energy, Marketing

LONDON, March 8, 2023 /PRNewswire/ --  Dubai Electricity & Water Authority (DEWA) PJSC – the exclusive electricity and water utility provider for the Emirate of Dubai, the UAE which is listed on the Dubai Financial Market (DFM) – has outlined a series of initiatives to help Dubai achieve net-zero carbon emissions by 2050, including the largest solar park in the world.

Key Points: 
  • "One of our biggest projects to help us achieve 100 percent clean energy by 2050 is the Mohammed bin Rashid Al Maktoum Solar Park," he said.
  • By 2030 it will have a production capacity of 5,000 megawatts, using photovoltaic solar panels and concentrated solar power technologies."
  • Dubai saw a 21 percent reduction in CO2 emissions by the end of 2021, exceeding a target of 16 percent.
  • DEWA's efforts saw the company receive the World Finance award for Best ESG Strategy in the UAE for 2022.

Dubai Electricity & Water Authority highlights the city's sustainability plans in an interview with World Finance

Retrieved on: 
Wednesday, March 8, 2023
Carbon, World News Media, DEWA, Emirate, GCC, Growth, DFM, CO2, EV, PJSC, Emirate of Dubai, World Finance Corporation, Muhammad, Government, Electricity, UN, Dubai Financial Market, Drug, Renewable energy, Marketing

LONDON, March 8, 2023 /PRNewswire/ --  Dubai Electricity & Water Authority (DEWA) PJSC – the exclusive electricity and water utility provider for the Emirate of Dubai, the UAE which is listed on the Dubai Financial Market (DFM) – has outlined a series of initiatives to help Dubai achieve net-zero carbon emissions by 2050, including the largest solar park in the world.

Key Points: 
  • "One of our biggest projects to help us achieve 100 percent clean energy by 2050 is the Mohammed bin Rashid Al Maktoum Solar Park," he said.
  • By 2030 it will have a production capacity of 5,000 megawatts, using photovoltaic solar panels and concentrated solar power technologies."
  • Dubai saw a 21 percent reduction in CO2 emissions by the end of 2021, exceeding a target of 16 percent.
  • DEWA's efforts saw the company receive the World Finance award for Best ESG Strategy in the UAE for 2022.

Dubai Electricity and Water Authority PJSC Shareholders Approve One-time Payment of AED 2.03 Billion in Special Dividend to Shareholders

Retrieved on: 
Monday, December 12, 2022
Utilities, Energy, IPO, Electricity, DFM, AED, Water, MD, Emirate, Dubai Electricity and Water Authority, Dubai, Development, Dubai Financial Market, ISIN, DEWA, Tadawul, ADX, Growth, Multimedia, Holding company

Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), the Emirate of Dubais exclusive electricity and water services provider, which is listed on the Dubai Financial Market (DFM), held its 2nd general assembly for 2022.

Key Points: 
  • Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), the Emirate of Dubais exclusive electricity and water services provider, which is listed on the Dubai Financial Market (DFM), held its 2nd general assembly for 2022.
  • DEWAs shareholders have approved the payment of a one-time special dividend of AED 2.03 billion with a record date of 22 December 2022.
  • We have increased the dividend payout to shareholders for the year 2022 from AED 6.2 billion to AED 8.23 billion.
  • At an IPO subscription share price of 2.48 AED / share, DEWAs 2022 dividend yield is 6.64%.

Big Sky Medical, Dallas-Based Healthcare Real Estate Investment Management Firm, Closes Third Investment in the Brazos Valley, Texas

Retrieved on: 
Friday, November 18, 2022
Texas A&M University System, Brazos Valley, GCC, Texas A&M Health Science Center, Science center, Texas A&M Health Science Center College of Medicine, Spine, Abu Dhabi Securities Exchange, University of Texas Health Science Center at Houston, Wealth management, Asset management, Commercial bank, Research, GFH, Dubai Financial Market, Real estate development, University system, Investment, Bahrain Bourse

DALLAS, Nov. 18, 2022 (GLOBE NEWSWIRE) -- Big Sky Medical announces the closing of Texas A&M Health Science Center in Bryan, Texas.

Key Points: 
  • DALLAS, Nov. 18, 2022 (GLOBE NEWSWIRE) -- Big Sky Medical announces the closing of Texas A&M Health Science Center in Bryan, Texas.
  • Oldham Goodwin has become an invaluable resource for Big Sky and our investments in Bryan, Texas, said Jason L. Signor, Founder and CEO of Big Sky Medical.
  • Big Sky Medical Real Estate is an investment manager focused on commercial real estate across the United States with an overweight focus on the medical office sector.
  • Big Sky was formed in 2020 by industry veteran Jason L. Signor to exclusively invest in healthcare and life science real estate.

Burj Khalifa by Emaar to Host a Cutting-Edge Laser Light Extravaganza and Phenomenal Firework display on Emaar New Year's Eve

Retrieved on: 
Thursday, November 24, 2022
New Year's Eve, Happiness, Dubai Financial Market, PJSC, The Dubai Fountain, The Dubai Mall, Light, Travel, Hope, Fireworks, Hotel, Emaar Properties, Burj Khalifa

DUBAI, United Arab Emirates, Nov. 24, 2022 /PRNewswire/ -- On December 31st 2022, one of the world's most recognisable landmarks, Burj Khalifa by Emaar, will be illuminated by a spectacular laser and firework show for Emaar New Year's Eve celebrations – turning the iconic tower into a shining beacon of hope, happiness and harmony for 2023.

Key Points: 
  • Burj Khalifa by Emaar and the Dubai night sky will be illuminated by numerous dazzling beams, establishing a new world record for the largest laser display.
  • The 828-metre Burj Khalifa by Emaar will also be the captivating centrepiece of a state-of-the-art laser performance that will see light beams travel the longest distance ever recorded.
  • In addition to the cutting-edge light show at Burj Khalifa by Emaar, there will be a spectacular firework display above Dubai to welcome the new year.
  • Emaar will release additional details about their spectacular Emaar New Year's Eve celebration closer to the event.

Burj Khalifa by Emaar to Host a Cutting-Edge Laser Light Extravaganza and Phenomenal Firework display on Emaar New Year's Eve

Retrieved on: 
Thursday, November 24, 2022
New Year's Eve, Happiness, Dubai Financial Market, PJSC, The Dubai Fountain, The Dubai Mall, Light, Travel, Hope, Fireworks, Hotel, Emaar Properties, Burj Khalifa

DUBAI, United Arab Emirates, Nov. 24, 2022 /PRNewswire/ -- On December 31st 2022, one of the world's most recognisable landmarks, Burj Khalifa by Emaar, will be illuminated by a spectacular laser and firework show for Emaar New Year's Eve celebrations – turning the iconic tower into a shining beacon of hope, happiness and harmony for 2023.

Key Points: 
  • Burj Khalifa by Emaar and the Dubai night sky will be illuminated by numerous dazzling beams, establishing a new world record for the largest laser display.
  • The 828-metre Burj Khalifa by Emaar will also be the captivating centrepiece of a state-of-the-art laser performance that will see light beams travel the longest distance ever recorded.
  • In addition to the cutting-edge light show at Burj Khalifa by Emaar, there will be a spectacular firework display above Dubai to welcome the new year.
  • Emaar will release additional details about their spectacular Emaar New Year's Eve celebration closer to the event.

Dubai Electricity and Water Authority PJSC 9M-2022 profit rises 21% to AED 6.47 billion

Retrieved on: 
Thursday, November 10, 2022
Other Energy, Utilities, Oil, Gas, Coal, Alternative Energy, Energy, Nuclear, Emirate, Electricity, DFM, ISIN, Intention, Dubai Financial Market, Multimedia, MD, DEWA, Water, EMPOWER, CEO, History, Dubai Electricity and Water Authority, AED, Renewable energy

Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), the Emirate of Dubais exclusive electricity and water services provider, which is listed on the Dubai Financial Market (DFM), has reported its third quarter 2022 financial results, recording quarterly revenue of AED 8.55 bn and net profit of AED 3.17 bn.

Key Points: 
  • Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), the Emirate of Dubais exclusive electricity and water services provider, which is listed on the Dubai Financial Market (DFM), has reported its third quarter 2022 financial results, recording quarterly revenue of AED 8.55 bn and net profit of AED 3.17 bn.
  • Year to date, DEWAs revenue is AED 20.63 bn and net profit is AED 6.47 bn.
  • View the full release here: https://www.businesswire.com/news/home/20221110005703/en/
    Dubai Electricity and Water Authority PJSC 9M-2022 profit rises 21% to AED 6.47 billion (Graphic: AETOSWire)
    DEWAs first 9 month revenue increase of 15% to AED 20.63 bn was mainly driven by an increase in demand and a transition to normalized tariff structure.
  • Energy demand in Dubai during the first 9 months of 2022 increased by 5% compared to the same period in 2021.