DUBAI, United Arab Emirates--(BUSINESS WIRE)--Oct 21, 2026--
DEWA International signed four memorandums of understanding (MoUs) with leading global entities during the Water, Energy, Technology and Environment Exhibition (WETEX 2026).
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HE Saeed Mohammed Al Tayer, MD&CEO of Dubai Electricity and Water Authority (DEWA) and Chairman of DEWA International, said: “We are committed to building strategic partnerships with leading international institutions that possess extensive expertise in developing and implementing energy, water and infrastructure projects, while exploring future collaboration opportunities across key sectors. Through these MoUs, we aim to exchange knowledge and expertise and leverage best practices and advanced technologies. These efforts will help accelerate the transition to clean energy, enhance the resilience and efficiency of electricity and water infrastructure, and expand our presence in the UAE, across the GCC and in global markets. They will also support our sustainable growth, diversify our investment portfolio and create long-term value,” said Al Tayer.
The MoUs were signed by Waleed bin Salman, Executive Vice President of Business Development and Excellence and Vice Chairman of DEWA International.
EDF Middle East
The MoU signed with Luc Koechlin, CEO of EDF Middle East, explores cooperation between DEWA International and France’s EDF Power Solutions in the energy and renewable energy sectors. It identifies potential investment opportunities in the Middle East and North Africa (MENA) region and global markets
China Energy International Group
The MoU signed with Xin Zongyi, Vice President of China Energy International Group, explores the potential for the leading Chinese company to serve as an engineering, procurement and construction (EPC) partner for major projects in the energy, water and infrastructure sectors. It draws on the company’s global project delivery capabilities to support the expansion of DEWA International’s project portfolio.
Capital Dynamics
The MoU signed with UK-based Capital Dynamics explores establishing a strategic partnership to jointly invest in operational clean energy assets in Europe, and the establishment of an investment vehicle for future investments in clean energy infrastructure.
Tata Consultancy Services
The MoU signed with Shiju Varghese, President Middle East & Africa, at Tata Consultancy Services explores its potential as a technical consultancy partner for DEWA International in technology strategy, information technology/operational technology (IT/OT) integration, and asset performance management solutions.
WETEX 2026 coincides with the 12th World Green Economy Summit, held on 21-22 October 2026 at the Dubai World Trade Centre.
*Source:AETOSWire
DEWA International signs 4 MoUs with global partners during WETEX 2026 (Photo: AETOSWire)
NEW YORK (AP) — The U.S. stock market rose Wednesday following strong profit reports from SpaceX, Capital One Financial and other big companies.
The S&P 500 added 0.6% and pulled within 0.8% of its all-time high set earlier this month. The Dow Jones Industrial Average gained 360 points, or 0.7%, and the Nasdaq composite climbed 1.1%.
SpaceX helped lead the market and climbed 7.8% after reporting a stronger profit for the summer than analysts expected. Elon Musk, who runs the company that makes money from artificial-intelligence technology, rockets and other businesses, also said that SpaceX took a step to consider a possible merger with Tesla, his electric-vehicle company.
Tesla rose 3.4% and was one of the strongest forces lifting the S&P 500.
Other stocks rallying on profit reports that topped analysts’ expectations included Capital One Financial, which rose 2.5%, and Winnebago Industries, which climbed 10.7%.
Expectations are high for profit growth for all kinds of companies during the summer, and they need to meet them to justify the big runs their stock prices have made despite worries about high inflation, higher interest rates and other challenges weighing on Wall Street.
Winnebago was able to report a more resilient profit than expected even as high fuel prices and frustration among U.S. shoppers restrain interest in recreational vehicles, for example. CEO Michael Happe said its more expensive towable RVs are a tougher sell, but customers are interested in its “more accessible” offerings.
On the losing side of Wall Street was Netflix, which fell 5.3% even though the streaming service reported a stronger profit than analysts expected. Investors focused instead on worries that Netflix’s momentum may be slowing. The company’s forecast for revenue growth in the final three months of the year fell short of analysts’ expectations.
AT&T fell 6.4% even though it likewise delivered a stronger profit for the latest quarter than analysts expected. It gave a forecast for growth this year in an underlying measure of earnings before income taxes and some other things that fell short of some analysts’ expectations.
Among AI stocks, which have been at the center of the market’s action in recent weeks, the movements remained unsettled.
After leading the rest of the market for years because of the frenzy around AI, stocks in the industry have become shaky on worries that the build out of data centers may slow because of how much more expensive it’s become to borrow money.
CoreWeave, which has borrowed money to buy AI chips that it rents out to customers over the cloud, has been particularly volatile. Its stock bounced between an early gain of nearly 4% and a drop of 4.5% Wednesday morning before finishing with a dip of 0.5%. A day earlier, it careened between a gain of 5% and a drop of more than 6%.
Other AI-linked stocks were more resilient, and Nvidia’s rise of 2.5% was the strongest force lifting the S&P 500.
Besides SpaceX’s profit report showing strength for AI spending, another encouraging signal for the industry came from Super Micro Computer, which sells AI servers and services. It said it expects to report stronger revenue for the summer than it had earlier forecast because of “increased demand for AI platforms,” and its stock rallied 9.5%.
All told, the S&P 500 rose 44.60 points to 7,757.17. The Dow Jones Industrial Average added 360.21 to 52,856.09, and the Nasdaq composite climbed 278.04 to 26,702.86.
In the bond market, the yield on the 10-year Treasury erased an early dip and climbed back to 5.12%, where it was late Tuesday.
It swung with oil prices, which remained unsteady. The price for a barrel of Brent crude drifted between $108 and $111 before settling at $108.82.
It’s been yo-yoing between $97 and $112 through October on uncertainty about when the war with Iran will allow the global energy industry to return to normal.
In stock markets abroad, indexes rose in Europe following a mixed finish in Asia. South Korea’s Kospi jumped 3.3% for one of the world’s biggest moves as AI stocks regained strength.
AP Business Writers Michelle Chapman and Elaine Kurtenbach contributed to this report.
A general view shows the floor of the New York Stock Exchange, Friday, Oct. 16, 2026, in New York. (AP Photo/Yuki Iwamura)
FILE - Signs at the intersection of Broad and Wall Streets stand near flags flying from the New York Stock Exchange on Sept. 4, 2024, in New York. (AP Photo/Peter Morgan, File)
A currency trader passes by a screen showing the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rate between U.S. Dollar and South Korean Won at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, Oct. 21, 2026. (AP Photo/Ahn Young-joon)
A currency trader talks with her colleague near a screen showing the Korea Composite Stock Price Index (KOSPI), and the foreign exchange rate between U.S. Dollar and South Korean Won at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, Oct. 21, 2026. (AP Photo/Ahn Young-joon)
A person looks at an electronic stock board showing Japan's Nikkei index at a securities firm Tuesday, Oct. 20, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)
A screen shows the Korea Composite Stock Price Index (KOSPI), the foreign exchange rate between U.S. Dollar and South Korean Won, SK Hynix and Samsung Electronics Co. stock price at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, Oct. 21, 2026. (AP Photo/Ahn Young-joon)
