Dubai's daily electricity load peaked to 9,074 MW this year, compared to 8,516 MW in 2019.
That's according to Dubai Electricity and Water Authority (DEWA), which added that the 6.6 per cent year-on-year increase is the highest since 2012.
"This increase in the peak load is a testimony to the boost of social and economic activities in Dubai. DEWA has an installed capacity of 11,700MW of electricity and 470 MIG of water per day," explained Saeed Mohammed Al Tayer, MD & CEO of DEWA.
Meanwhile, DEWA reduced losses in electricity transmission and distribution networks to 3.2 per cent, compared to 6-7 per cent recorded in Europe and the US.
This comes as water network losses decreased to 6.6 per cent, compared to 15 per cent in North America.
Al Tayer highlighted that DEWA achieved a new world record in electricity Customer Minutes Lost (CML) per year. DEWA recorded 1.86 minutes, in Dubai, compared to around 15 minutes recorded by leading electricity companies in the European Union.
Banks, financial institutions and insurance companies across the UAE continue to operating normally, without disruptions, confirmed Khaled Mohamed Balama, Governor of the Central Bank of the United Arab Emirates (CBUAE).
Dubai's DP World has announced that all terminals at Jebel Ali port are operating normally, adding that it is continuously monitoring developments in close coordination with relevant authorities.
Apple on Tuesday unveiled updated MacBook Air and MacBook Pro models, featuring its latest M5-series chips and bigger base storage, in a bid to lure buyers in a softening PC market squeezed by rising memory costs.
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and President of Ecuador Daniel Noboa have announced the signing of a Comprehensive Economic Partnership Agreement (CEPA) between the two nations on Sunday.
Broadcasting every weekday, Georgia Tolley goes beyond the headlines to speak to government ministers, decision makers, analysts and local experts to find out how the news will impact those of us living in the UAE.
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