Borsat Al Khaleej Live Support
30/04/2026 05:52 AST
Dubai Electricity and Water Authority (Dewa) has announced that it has set a new world record for the lowest electricity customer minutes lost (CML), at just 0.82 minutes (about 49 seconds) per year.
With this significant achievement, Dewa has surpassed its own previous world record of 0.94 minutes in 2024, representing an improvement of around 13%, said the company in a statement.
The company utilises the latest technologies of the Fourth Industrial Revolution, particularly artificial intelligence, which has been fully integrated into Dewa's strategies and operations.
The smart grid is a fundamental pillar of Dewa's strategy to deliver services according to the highest standards of availability, reliability and efficiency, said the statement.
This supports the Dubai 2040 Urban Master Plan and the Dubai Economic Agenda (D33), which seek to consolidate Dubai's position among the top three global cities, it added.
"The Smart Grid, which Dewa is implementing with total investments of AED7 billion ( ) up to 2035, provides advanced features that enhance the efficiency of energy transmission and distribution, reduce outages, minimise losses, improve electrical load management and enhance the happiness of customers and all stakeholders," noted its MD & CEO Saeed Mohammed Al Tayer.
One of the key programmes is the Automatic Smart Grid Restoration System, a first of its kind in the Middle East and North Africa, he noted.
The system enables remote, round-the-clock control, management and monitoring without human intervention, through innovative centralised systems that automatically locate and isolate faults and restore service, accelerating power restoration and increasing reliability, explained Al Tayer.
Dewa reduced CML in Dubai from 6.88 minutes per year in 2012 to just 0.82 minutes in 2025, significantly lower than the average of 15 minutes recorded by leading utility companies in the European Union.
This underlines Dewa's global leadership in adopting innovation to deliver services according to the highest reliability standards, he added.
Trade Arabia
13/05/2026
Dubai Electricity and Water Authority (DEWA), the emirate of Dubai's exclusive electricity and water services provider, has reported a record revenue of AED6.45 billion ($1.76 billion) for the first
Trade Arabia
03/04/2026
Dubai Electricity and Water Authority (Dewa) said its shareholders approved a dividend of AED3.1 billion ($844 million)for the second half of 2025 at the Annual General Assembly (AGM) held on Thursda
Trade Arabia
11/02/2026
Dubai Electricity and Water Authority (Dewa) has strengthened its position in the emirate's district cooling sector after raising its ownership in Emirates Central Cooling Systems Corporation (Empowe
Khaleej Times
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| TAQA | 2.63 | -0.01 (-0.38 |
| ACWAPOWER | 197.40 | -4.00 (-1.99 |
| SAUDIENERGY | 17.82 | -0.17 (-0.95 |
| EMPOWER | 1.70 | 0.05 (3.03 |
| MARAFIQ | 38.16 | -0.64 (-1.65 |
22/06/2026
Gulf Capital Investment Company KSCC "InvestGB", the investment arm of Gulf Bank, announced the expansion of its private equity investment offering through its strategic partnership with CVC, structu
Kuwait Times
22/06/2026
Al Ansari Financial Services (AAFS), a leading financial institution in the GCC, has reached a milestone of 1,000 UAE national employees across its businesses, reflecting one of the largest Emiratisa
Trade Arabia
22/06/2026
Leading Omani bank Nizwa has joined the initial public offering (IPO) of Oman India Fertiliser Company (Omifco) as a collecting bank, expanding its involvement in the sultante's capital markets follo
Trade Arabia
19/06/2026
Knowledge Economic City has announced that it has secured a SAR150 million ($40 million) shariah-compliant financing facility from Saudi-based Riyad Bank to fund construction work on the first phase
Trade Arabia
19/06/2026
e& UAE today announced it has awarded a contract to a strategic infrastructure partner to roll out the world's first commercial mobile network using Upper 6GHz (U6GHz) 256TRX Giga-MIMO technology. <
Trade Arabia