Business

Celebrate the 54th UAE National Day with Cultural Entertainment, Family Fun & Unbeatable Shopping Offers at Mercato and Town Centre Jumeirah

Mercato and Town Centre Jumeirah are set to celebrate the 54th UAE National Day with an uplifting line-up of cultural entertainment, family activities, and exceptional shopping offers, creating a memorable long weekend for residents, tourists, and the wider community. Celebrate the 54th UAE National Day at Mercato, where culture, family fun, and national pride come together for an unforgettable long weekend. From 1-3 December, Mercato will be adorned with vibrant National Day décor inspired by the iconic colours of the UAE flag, offering a warm and inviting atmosphere for all visitors. Guests can look forward to a rich programme of auth

Business

Madinah Sees Surge in Visitors during Fall Break

Madinah, November 27, 2025, SPA — Madinah is experiencing a surge in visitors during the fall break, drawing crowds due to its pleasant climate and unique position as a center for religious and heritage tourism. The influx is concentrated in the central area around the Prophet’s Mosque and significant historical sites, including Quba Mosque, Sayyid Al-Shuhada Square, and Mount Uhud. Beyond the spiritual landmarks, families are frequenting public parks and recreational areas, reflecting Madinah’s unique status and aligning with Vision 2030’s goals to promote domestic tourism and enhance the overall visitor experience.

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Dubai Electricity and Water Authority PJSC shareholders approve payment of AED 3.1 billion in dividends

Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), the Emirate of Dubai’s exclusive electricity and water services provider and majority owner of the largest cooling services provider, which is listed on the Dubai Financial Market (DFM), reported that its shareholders have, in the general assembly held on March 28th, 2024,  approved the payment of total dividend of AED 3.1 billion with a record date of April 8th, 2024.

General Assembly Details

The meeting, chaired by HE Matar Humaid Al Tayer, Chairman of the Board of Directors of DEWA, was attended by HE Saeed Mohammed Al Tayer, MD&CEO of DEWA and Members of the Board of Directors of DEWA as well as 85.9% of the shareholders. The assembly was held on Thursday (28th March 2024) at the Kempinski Boulevard Hotel in Dubai as well as virtually.

Attractive Dividend Yield

For shareholders who are invested in DEWA’s shares prior to the dividend record date of April 8th, 2024 (with a Last Entitlement Date of April 4th, 2024), the next twelve-month dividend yield is 5.0% with reference to IPO share price of AED 2.48 per share.

“Thanks to the insightful vision and wise directives of our wise leadership, Dubai has become a global hub for trade, finance, tourism, and green economy. DEWA plays a crucial role in ensuring that Dubai’s infrastructure keeps pace with the increasing demand for energy and water. Our unwavering efforts have contributed to DEWA’s record of achievements, highlighted the transition to clean energy and established DEWA’s global leadership,” said HE Matar Al Tayer.

“Looking ahead, I am optimistic about our operating and financial outlook for 2024. The surge in tourism, growth in the residential and commercial demand for our services and the rising active day-time population in the Emirate are promising indicators of further opportunities to grow our business. In 2023, DEWA’s annual revenue exceeded AED 29 billion, operating profit was over AED 8.7 billion and EBITDA was over AED 14.7 billion, all figures reflecting the highest in its history” said HE Saeed Al Tayer.

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