Dubai / WAM Dubai Electricity and Water Authority (Dewa) on Thursday reported its second quarter 2022 financial results, recording quarterly revenue of AED7.01 billion and a net profit of AED2.61 billion. For the first half 2022, Dewa’s revenue is AED12.08 billion, and net profit is AED3.30 billion. Dewa’s first half revenue increase of 15% to AED12.08 billion was mainly ...

  DUBAI / WAM Dubai Clear, a subsidiary of the Dubai Financial Market (DFM), and the Securities Clearing Centre Company “Muqassa”, a subsidiary of Saudi’s Tadawul group, signed a memorandum of cooperation, creating a broad framework to strengthen collaboration and share knowledge on central clearing services as well as to actively explore ways of enhancing these services in line with ...

  Abu Dhabi / WAM International Holding Company (IHC) on Thursday announced the acquisition of a 50% stake in Turkish clean energy market leader “Kalyon Enerji” for AED1.8 billion through its subsidiary International Energy Holding. Kalyon Enerji is owned by the giant Turkish group Kalyon Holding, which operates in the Construction, Energy and Aviation industries. In this transaction, IHC’s subsidiary, ...