Latest news with #SaeedMohammedAlTayer
Gulf Today
24-05-2025
- Business
- Gulf Today
DEWA's AI-powered model converts press releases into podcasts
Dubai Electricity and Water Authority (DEWA) has adopted Google's advanced NotebookLM to convert its press releases into podcasts. The move underlines DEWA's leadership in adopting artificial intelligence (AI) across its operations, making it the first government entity in the world to use this AI-powered model in this manner, enabling the public to follow DEWA's news in an interactive and seamless manner. 'In line with the proactive vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and the directives of His Highness Sheikh Hamdan Bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of the Executive Council of Dubai, to consolidate Dubai's position as a global hub for artificial intelligence, we work in accordance with a strategic road map to become the world's first AI-native utility by integrating AI into all our operations. Adopting Google's NotebookLM will redefine the way we communicate with our audiences, moving from traditional press releases to innovative content that caters to a wider audience with diverse interests by leveraging generative AI technologies,' said Saeed Mohammed Al Tayer, MD & CEO of DEWA. Saeed Mohammed Al Tayer MD&CEO of DEWA 'This initiative is part of our efforts to achieve digital leadership and smart communication. It marks a qualitative shift in how news and information are delivered, in a way that aligns with the aspirations of the new generation, enhances transparency and innovation in government work, and builds stronger, more interactive relationships with all stakeholders,' Al Tayer added. NotebookLM is one of Google's most advanced generative AI tools. It can analyse documents, extract key ideas and format them into natural, seamless dialogue. This enhances understanding and transforms traditional content into interactive audio experiences that can be enjoyed on the go or while performing daily tasks. The podcasts generated from DEWA's press releases will be available on its website ( ), official social media accounts and leading global podcast platforms. This innovative approach improves access to information in an engaging format, particularly for People of Determination and young people who prefer audio content.
Hi Dubai
22-05-2025
- Business
- Hi Dubai
DEWA Participates in 2025 World Utilities Congress as Supporting Sponsor
Dubai Electricity and Water Authority (DEWA) is highlighting its clean energy initiatives and global leadership in utilities at the fourth edition of the World Utilities Congress, currently underway in Abu Dhabi. Held at the ADNEC Centre from 17 to 29 May 2025 and hosted by TAQA, the congress gathers leading voices from the energy and water sectors to explore future-focused innovations, trends, and sustainable solutions. As a supporting sponsor, DEWA is using the platform to showcase its flagship projects and deepen collaboration to achieve net-zero goals. 'We are pleased to support the World Utilities Congress for the second consecutive year to advance the development of innovative solutions,' said Saeed Mohammed Al Tayer, MD & CEO of DEWA. He stressed that DEWA's partnership with TAQA reflects its commitment to global cooperation, sustainable development, and long-term resource security. Jasim Husain Thabet, Group CEO and Managing Director of TAQA, emphasized the congress's role in shaping the future of utilities amid the challenges of climate change and energy security. He noted DEWA's ongoing support as a key driver in fostering industry-wide innovation and collaboration. The World Utilities Congress continues to serve as a global forum for utility leaders to exchange knowledge and forge partnerships aimed at sustainable growth and improved quality of life. News Source: Emirates News Agency
Business Wire
14-05-2025
- Business
- Business Wire
DEWA PJSC added to the MSCI Emerging Markets Index
DUBAI, United Arab Emirates--(BUSINESS WIRE)--MSCI Inc. (NYSE:MSCI), a leading provider of critical decision support tools and services for the global investment community, announced that Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), the Emirate of Dubai's exclusive electricity and water services provider, which is listed on the Dubai Financial Market (DFM), is in the MSCI Emerging Markets Index, effective as of the market close on 30 May 2025. 'DEWA is proud to be the largest listed company on the Dubai Financial Market, with a market capitalization exceeding AED 130 billion. Our inclusion in the MSCI Emerging Markets Index marks a pivotal milestone in DEWA's journey as a publicly listed company and reinforces our growing relevance on the global investment stage. DEWA was among largest additions to the MSCI Emerging Markets Index measured by full company market capitalization. This addition positions DEWA among a select group of emerging market companies sought after by international investors for their stability, scale, and sustainable growth outlook. With a strong track record of delivering predictable dividends, advancing clean energy targets, and supporting Dubai's net zero ambitions, DEWA offers a compelling proposition for long-term global capital. Our fundamentals, governance, and operating standards reflect global best practices. We remain fully committed to delivering consistent growth, operational excellence, and long-term value to all our stakeholders,' said HE Saeed Mohammed Al Tayer, Vice Chairman and MD & CEO of DEWA. The MSCI Emerging Markets Index is a leading global benchmark that captures large- and mid-cap representation across 24 emerging markets, including China, India, Brazil, Saudi Arabia, and the United Arab Emirates. With over 1,400 constituents and approximately US$7 trillion in assets benchmarked to it, the index is widely tracked by passive funds that replicate the performance of market index, and institutional investors worldwide. Being added to the MSCI Emerging Markets Index can trigger automatic capital inflows from passive investment vehicles and index-linked funds that replicate the index composition. These flows are typically non-discretionary, creating steady buy-side demand for the stock from the date of inclusion. As a new constituent, DEWA is expected to benefit from increased visibility, enhanced trading liquidity, and passive inflows from index-linked investment products. Index inclusion typically prompts buying activity from passive investment funds that mirror MSCI benchmarks.
Gulf Business
14-05-2025
- Business
- Gulf Business
MSCI adds Dubai's DEWA to emerging markets index effective May 30
Image: DEWA DEWA, Dubai's exclusive electricity and water services provider and the largest listed company on the Dubai Financial Market (DFM) by market capitalisation, was among the largest additions to the index by full company value. 'This inclusion marks a pivotal milestone in DEWA's journey as a publicly listed company and reinforces our growing relevance on the global investment stage,' said Saeed Mohammed Al Tayer, vice chairman and MD and CEO of DEWA. 'Our fundamentals, governance, and operating standards reflect global best practices.' DEWA has a market cap exceeding Dhs130bn DEWA has a market capitalisation exceeding Dhs130bn, a strong dividend track record, and a clean energy agenda aligned with Dubai's net-zero ambitions. The company's inclusion is expected to result in increased visibility, improved liquidity, and passive capital inflows from institutional and index-linked funds that track MSCI benchmarks. The MSCI Emerging Markets Index, tracked by an estimated $7tn in assets, is a widely followed benchmark that captures large- and mid-cap representation across 24 emerging markets including China, India, Brazil, Saudi Arabia, and the UAE. Index additions often lead to non-discretionary capital inflows from passive investors, creating consistent buy-side pressure on newly added stocks. DEWA's addition underscores the growing relevance of the UAE's capital markets and reflects rising investor appetite for stable, yield-generating infrastructure assets in the region. The utility major's Robust quarter earnings The inclusion in the MSCI Emerging Markets Index follows a robust financial performance for Q1 2025. DEWA reported quarterly revenue of Dhs 5.96 billion, EBITDA of Dhs2.43bn, and a net profit of Dhs496m. Operating profit stood at Dhs838m, while net cash from operations reached a record Dhs3.85bn — 17.86 per cent higher than the same period last year—raising the company's cash and cash equivalents to Dhs8.17bn. The utility also saw continued demand growth, generating 10.5 TWh of electricity (including 1.86 TWh from clean sources) and producing 35.61 billion imperial gallons of desalinated water during the quarter. With 17,579 MW of installed generation capacity — 20 per cent of which comes from clean energy sources — DEWA remains a key player in Dubai's energy transition. It plans to expand clean energy capacity to 7.5 GW by 2030, representing 34 per cent of the generation mix.
Hi Dubai
14-05-2025
- Business
- Hi Dubai
DEWA Joins MSCI Emerging Markets Index
Dubai Electricity and Water Authority (DEWA) has been added to the MSCI Emerging Markets Index, a major global benchmark, in a move expected to draw significant international investor interest. The inclusion takes effect after market close on 30 May 2025. DEWA, the sole provider of electricity and water in Dubai and the largest company listed on the Dubai Financial Market (DFM), becomes one of the UAE's key representatives in the index. With a market capitalisation exceeding AED130 billion, DEWA was among the largest additions by full company size in this index review. Saeed Mohammed Al Tayer, Vice Chairman and MD & CEO of DEWA, called the inclusion a "pivotal milestone" and highlighted the company's alignment with Dubai's clean energy goals and strong dividend record. 'Our fundamentals, governance, and operating standards reflect global best practices,' he said, adding that DEWA remains committed to long-term value creation. The MSCI Emerging Markets Index captures large and mid-cap equities across 24 countries and is tracked by funds managing over US$7 trillion. Inclusion typically triggers automatic capital inflows from passive and index-linked investment products, offering increased visibility and liquidity to new entrants. Analysts expect DEWA to benefit from heightened foreign investor interest and deeper market participation. The move also strengthens the UAE's growing role in global capital markets and underscores the appeal of its infrastructure assets. DEWA's 2022 IPO was one of the region's largest, and its latest milestone signals continued momentum in its evolution as a publicly traded company. News Source: Emirates News Agency
