Day: August 26, 2022

Dubai, UAE – Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, recently shared its digital transformation best practices during a recent virtual meeting joined by 22 representatives from Dubai Electricity and Water Authority (DEWA) and the Knowledge and Human Development Authority in Dubai (KHDA),

During the meeting, attendees discussed collaboration opportunities and various e-services designed to enhance customer happiness, which remains a key focus area for Dubai Chamber of Commerce as the Chamber continues to strive for excellence following its top ranking on the Dubai Government Customer Happiness Index 2021.

Saif Ali Hattawi, Executive Director of Digital and Commercial Services, at the Dubai Chamber of Commerce, elaborated on the Chamber’s digital transformation strategy, as well as new plans and initiatives designed to further enhance customer happiness. He spoke about the Chamber’s ongoing efforts to continuously innovate and expand its range of digital services with the aim of enhancing the customer experience and meeting the changing needs of business in Dubai.

The Chamber processed 435,000 e-transactions between January and July 2022, Hattawi revealed, marking a 10.4% year-over-year increase. He noted that other government entities and chambers of commerce regularly visit Dubai Chambers’ headquarters and customer happiness centre to learn about its smart systems and processes, which are seen as a benchmark for business e-services in Dubai.

Dubai Chamber of Commerce provides more than 50 smart services covering which cover all the needs and requirements of the business community, ranging from certificates of origin, attestation, ATA Carnets and credit reports, among many others.

Source: Dubai Chamber of Commerce & Industry

ABU DHABI, The UAE financial markets on Friday posted gains of around AED8.3 billion in market cap driven by upbeat sentiments at the realty, banking and telecom sectors and cash inflows by institutions and individuals alike.

Realty and banking blue chips accounted for the lion’s share of transactions that amounted to more than 14,700 worth around AED1.67 billion over 353.7 million shares.

Dubai General Index (DFMGI) advanced 0.007 percent to 3,462.890 pts as blue-chip developer Emaar properties continued to hike, closing higher at AED6.100 after drawing AED155.9 million in cash flows.

Among other stocks, Emirates NBD, Dubai Islamic Bank, and TECOM increased 1.84 percent, 0.84 percent and 0.41 percent respectively.

Abu Dhabi index (FTFADGI) rose 0.133 percent to 10,035.060 pts, with conglomerate International Holding Company (IHC.AD), traded as ASMAK, closing slightly down at AED341.00, after AED312 million of liquidity and NBAD edging higher to AED20.200.

Among other stocks, Abu Dhabi Islamic Bank rose 1.32 percent to AED9.200 and ADNOC Distribution moved higher to AED4.690.

Source: Emirate News Agency

Dubai Electricity and Water Authority (DEWA) organised a virtual seminar with 90 leading Turkish companies in the energy and water sectors. HE Saeed Mohammed Al Tayer, MD&CEO of DEWA, gave a speech during the seminar, which was attended by 117 participants. He highlighted DEWA’s key projects and initiatives, especially in clean and renewable energy. He also talked about the development of trade relations between the United Arab Emirates and the Republic of Türkiye. Al Tayer invited Turkish companies to take part in the 24th Water, Energy, Technology and Environment Exhibition (WETEX) and Dubai Solar Show, which DEWA organises from 27-29 September 2022 at the Dubai International Convention and Exhibition Centre.

Al Tayer said that the United Arab Emirates and the Republic of Türkiye have formed strong ties that have grown stronger under the leadership of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE; His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. Our two nations have strong economic ties together. The UAE is Türkiye’s first trade partner in the Arab region and it ranks second in direct investments among the GCC countries. The two countries have ratified a Comprehensive Economic Partnership Agreement (CEPA) which is expected to double the bilateral trade between us from the current AED50.32 billion (USD 13.7 billion).

“In line with the vision of our wise leadership, we have a clear strategy and specific goals to increase the share of clean and renewable energy in Dubai’s energy mix. In line with this direction of our government, we have launched pioneering projects and initiatives to diversify clean energy sources. These include different clean and renewable energy sources and technologies such as solar photovoltaic systems, Concentrated Solar Power (CSP), green hydrogen production using solar power as a new clean energy source of the future and pumped-storage hydroelectric power technology. We will continue to work hard to achieve these ambitious goals. The Mohammed bin Rashid Al Maktoum Solar Park is part of DEWA’s efforts to support the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Emissions Strategy 2050 to achieve 100% production capacity from clean energy sources by 2050. Implemented through our Independent Power Producer (IPP) model, the solar park is the largest single-site solar park in the world with a planned total capacity of 5,000MW by 2030, with investment of AED 50 billion (USD 13.6 billion),” added Al Tayer.

“DEWA plans to invest over AED 40 billion in capital expenditure in five years, mainly for the expansion of renewable and clean energy projects. Today, DEWA has a strong world-class infrastructure to meet the ever-increasing demand, support the growth of a green economy and create a competitive advantage for generating clean energy and adopting energy-efficiency technologies. We have already moved away from the conventional engineering, procurement, and construction (EPC) model for power and water production projects, to the Independent Power and Water Producer (IPWP) model which has proven highly beneficial for DEWA. This has reduced our capital expenditure per megawatt of installed capacity, attracted investments of around AED 40 billion (USD 10.9 billion) into Dubai, and succeeded in establishing several world records for the lowest solar power and desalinated water Levelised Costs, that have become a global benchmark,” Al Tayer explained.

“In Dubai, we are always interested in exploring advancements in international technology to further broaden our horizons and team up with international partners in energy for deploying their innovative technology and improve our services. In this regard, I am convinced that there is much that companies in Türkiye can offer to the UAE and the region,” concluded Al Tayer.

Dr. Yousef Al Akraf, Executive Vice President of Business Support and Human Resources at DEWA, gave a presentation on WETEX and Dubai Solar Show, which is organised by DEWA. WETEX is the largest exhibition of its kind in the region and one of the largest specialised exhibitions in the world. It brings together prominent global companies to showcase the latest technologies, solutions, and innovations in energy, water, sustainability, green technologies, renewable and clean energy, conservation, green buildings, electric vehicles and other vital sectors.

Source: Dubai Electricity & Water Authority