DUBAI / WAM The Board of Directors of the Dubai Financial Services Authority (DFSA) has announced the appointment of Ian Johnston to the position of Chief Executive Officer of the DFSA, effective September 1. Ian Johnston, who served as the DFSA’s Chief Executive from 2012 to 2018, will succeed F. Christopher Calabia who stepped down from his position. Over ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) has enhanced integration between different energy resources in its smart grid through its Virtual Power Plant (VPP), the first of its kind in the region. The first phase has aggregated the Distributed Energy Resources (DERs) operated by Dewa’s R&D Centre, and managed them as a single mixed portfolio of generation ...

Bloomberg Exxon Mobil Corp posted its best-ever profit, reaping the rewards from surging commodity prices as supply disruptions run headlong into rising demand and consumers feel the pinch. Second-quarter adjusted earnings of $4.14 per share beat the $3.98 forecast by the Bloomberg Consensus. Net income reached $17.9 billion, surpassing the previous record set in 2008. The biggest North American oil ...