UAE In-Focus: Eutelsat collaborates with DEWA; DFM brings listed companies to London for roadshow

The Space-D programme aims to build DEWA’s capabilities and train Emirati professionals to use space technologies (DEWA)
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Updated 31 May 2022
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UAE In-Focus: Eutelsat collaborates with DEWA; DFM brings listed companies to London for roadshow

DUBAI: Eutelsat has signed an agreement to provide technical support for Dubai Electricity and Water Authority’s Space-D program and to launch its 3U nanosatellite DEWA-SAT1.

The development of nanosatellite Internet of Things terminals will help DEWA’s assets communicate better with their nanosatellite, according to a statement from the Dubai Media Office.

Waleed Bin Salman, executive vice president of Business Development and Excellence at DEWA, said: “The Space-D program aims to build DEWA’s capabilities and train Emirati professionals to use space technologies to enhance its electricity and water networks.”

Together, the two companies are exploring the possibility of integrating Eutelsat Earth Low Orbit satellites into the Space-D program and expanding the fleet of nanosatellites, the statement said.

The two parties will develop the first IoT use-case, using Eutelsat ELO satellites in conjunction with IoT sensors, at DEWA’s Research and Development Center.

DFM investors roadshow to attract global institutions based in London

Dubai Financial Market has teamed up with HSBC to host its annual International Investors Roadshow in London on June 9-10.

Senior executives from equities, sukuk, and bond issuers on Dubai’s capital markets will meet with representatives from a number of investment institutions worldwide.

A total of nine companies listed on DFM and Nasdaq Dubai are participating in the DFM international investors roadshow, including DEWA, Dubai Islamic Bank, Emaar Properties, Emaar Development, Emirates NBD, DP World, Amanat, Aramex, and DFM Company.

Hamed Ali, CEO of DFM and Nasdaq Dubai, said: “Dubai’s numerous development plans and initiatives aimed at implementing its ambitious strategy to develop its financial markets have reinforced their presence on the radar of global investment institutions, which is clearly reflected on the performance indicators recently.”

The DFM attracted 51,404 new investors during the first quarter of 2022, with 73.4 percent of them being foreign investors. 

This brings DFM’s total investor base to 903,077 investors from 209 nationalities, which indicates a growing interest in the DFM’s opportunities, whether through trading or public offerings, Ali added.

As part of the COVID-19 precautionary measures, roadshows have been virtually organized for the past two years.


Jordan’s capital spending hits $1.97bn in 2025, achieves record budget execution rate

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Jordan’s capital spending hits $1.97bn in 2025, achieves record budget execution rate

JEDDAH: Jordan’s capital spending surged 20 percent in 2025 to 1.4 billion dinars ($1.97 billion), achieving a record 96 percent execution rate as the government boosted growth, infrastructure, and development projects nationwide.

This aligns with government directives to implement capital projects funded under the General Budget Law, aimed at stimulating economic growth and accelerating economic activity, according to Jordan News Agency, Petra.

Jordan’s record 2025 capital spending supports its Economic Modernization Vision, funding strategic infrastructure, energy, and industrial projects to drive growth, create jobs, and strengthen fiscal and economic resilience.

The increase also reflects the government’s strategy to encourage private sector participation while enhancing public services and infrastructure across the Kingdom.

“According to preliminary financial data, capital spending increased by approximately 230 million dinars by the end of 2025, or 20 percent, compared with 2024,” Petra reported.

It added: “With this increase, the ratio of actual capital spending to targeted allocations under the 2025 General Budget Law reached about 96 percent, marking the highest execution rate on record, compared with an average of 82 percent in previous years.”

Detailed figures show that approximately 333 million dinars were spent on projects under the Economic Modernization Vision, while around 180 million dinars were allocated to municipal development and 123 million dinars to decentralization initiatives in the governorates.

An additional 55 million dinars supported projects of the Jordan Tourism Board, as per the same source.

Capital funding also targeted major initiatives, including 50 million dinars for initial works on the National Carrier Project, part of the government’s planned 250 million dinars investment. 

A further 29 million dinars went toward completing Princess Basma Hospital, supplying natural gas to industrial zones, maintaining school buildings, and rehabilitating roads nationwide.

Allocations were also directed to upgrading computer systems and advancing the digital transformation of services across several ministries.

Looking ahead, Jordan’s 2026 budget is set to build on the momentum of 2025 by prioritizing the second phase of the Economic Modernization Vision.

With capital spending estimated at 1.6 billion dinars, including 400 million dinars for EMV projects, the government plans over $10 billion in strategic investments across water, energy, and transport, health, as well as infrastructure, largely in partnership with the private sector and funded primarily from external sources.

Flagship projects such as the National Water Carrier, the Aqaba–Shidiyah/Maan–Ghor Al-Safi railway, and the Risheh gas pipeline are expected to spur growth, create jobs, and enhance public services, while fiscal discipline and transparent oversight seek to maintain macroeconomic stability and expand reliance on domestic revenue for public spending.