Latest news with #AED2.43
Hi Dubai
12-05-2025
- Business
- Hi Dubai
DEWA Posts AED496 Million Q1 Profit as Cash Flow and Clean Energy Output Surge
Dubai Electricity and Water Authority (DEWA) reported a robust start to 2025, posting a net profit of AED496 million for the first quarter, driven by strong operational performance and increased demand across utilities. Revenues rose to AED5.96 billion, marking a 2.83% increase from the same period in 2024. EBITDA reached AED2.43 billion, while operating profit stood at AED838 million. Net cash from operations hit a record AED3.85 billion, pushing closing cash and cash equivalents to AED8.17 billion—up AED2.07 billion from year-end 2024. DEWA also achieved significant milestones in its sustainability strategy. Clean energy accounted for 17.7% of total power generation, producing 1.86 TWh in Q1. Total power generation reached 10.5 TWh, while desalinated water production hit a record 35.61 billion imperial gallons, up 4.56% year-on-year. 'Under the leadership of Dubai's visionary rulers, we are on track to deliver our Net Zero 2050 goals,' said Saeed Mohammed Al Tayer, DEWA's Vice Chairman and MD & CEO. 'We've invested AED2.26 billion this quarter in infrastructure tied to our energy transition, and we aim to have 34% of our generation mix from clean sources by 2030.' Customer growth also continued, with 11,614 new accounts added during the quarter, bringing DEWA's total to a 3.7% increase year-on-year. The utility currently has an installed generation capacity of 17,579 MW, of which 20% comes from clean sources. DEWA also commissioned two 132kV substations and 441 low-voltage substations in Q1, further strengthening Dubai's energy infrastructure. News Source: Emirates News Agency
Arabian Business
27-01-2025
- Automotive
- Arabian Business
UAE petrol prices to change for February 2025
The UAE is set to announce petrol prices for February 2025 later this week. Petrol prices were frozen in January, as the UAE announced there would be no change for motorists filling up on Super 98, Special 95, E-Plus 91 and diesel. It is cheaper to fill up a tank than at the start of the year, with all categories becoming more affordable, despite prices fluctuating throughout the past 12 months. UAE petrol prices 2025 In January 2024, E-Plus 91 was priced at AED2.64 a litre, while diesel was set at AED3 a litre. On current prices, E-Plus 91 is cheaper (at AED2.43 a litre) than at the start of last year. Special 95 and Super 98 are also cheaper now than at the start of the year, falling from AED2.71 to AED2.50 a litre and AED2.82 to 2.61 a litre respectively. From January 1, the cost of filling up vehicles in the UAE has been: Diesel: AED2.68 a litre as in December 2024 Super 98: AED2.61 a litre as in December 2024 Special 95: AED2.50 a litre as in December 2024 E-Plus: AED2.43 a litre as in December 2024 In response to the COVID-19 pandemic in 2020, the Fuel Price Committee froze petrol prices in the UAE, preventing any changes. However, in March 2021, as global oil prices began to rise, the controls were lifted to allow market forces to determine petrol prices once again. Moreover, the fluctuation in petrol prices is also influenced by changes in crude oil prices worldwide. UAE fuel prices Prices in AED per litre E-Plus 91 Special 95 Super 98 Diesel January 2025 2.43 2.50 2.61 2.68 December 2024 2.43 2.50 2.61 2.68 November 2024 2.55 2.63 2.74 2.67 October 2024 2.47 2.54 2.66 2.60 September 2024 2.71 2.78 2.90 2.78 August 2024 2.86 2.93 3.05 2.95 July 2024 2.80 2.88 2.99 2.89 June 2024 2.95 3.02 3.14 2.88 May 2024 3.15 3.22 3.34 3.07 April 2024 2.96 3.03 3.15 3.09 March 2024 2.85 2.92 3.03 3.16 February 2024 2.69 2.76 2.88 2.99 January 2024 2.64 2.71 2.82 3
