CNBC Correspondent, Moderator
Dan Murphy is a CNBC Correspondent based at the Nasdaq Marketsite in Dubai. He follows news across major markets in the Middle East, providing the CNBC audience with a deeper focus on the regional business, finance and geopolitical story.
Dan has in-depth experience covering a range of global sectors and asset classes. As a multi-platform reporter and presenter, he appears on CNBC’s suite of international programming – including Squawk Box, Street Signs and Capital Connection. He also regularly writes for CNBC.com.
Before launching the CNBC Bureau in Dubai, Dan spent three years as a Correspondent for CNBC in Singapore. In this role, Dan interviewed some of Asia’s most respected corporate leaders, including Singapore Airlines CEO Goh Choon Phong.
An experienced moderator, Dan has also appeared on stage to host panel discussions at major investment conferences and industry events, including The Milken Institute Summit, the Milken Young Leaders Circle among others.
Dubai Electricity and Water Authority (DEWA) was formed on 1 January, 1992, by a decree issued by the late Sheikh Maktoum bin Rashid Al Maktoum to merge Dubai Electricity Company and Dubai Water Department, which had been operating independently before then. Both organisations were established by the late Sheikh Rashid bin Saeed Al Maktoum in 1959. Dubai Government fully supported the Electricity Company and the Water Department to provide Dubai’s citizens and residents with a continuous and reliable supply of electricity and water. Since then, DEWA has made considerable achievements, to be ranked as one of the best utilities in the world. DEWA provides services today to more than 900,000 customers with a happiness rate that reached 95% in 2018.
The UAE, represented by Dubai Electricity and Water Authority (DEWA), has maintained its first global ranking, for the third consecutive year, with scores of 100% in all Getting Electricity indicators in the World Bank’s Doing Business 2020 report. The report measures the ease of doing business in 190 economies around the world. DEWA achieved competitive results in global benchmarking, surpassing the private sector and major European and American utilities in efficiency and reliability. DEWA raised the efficiency of its energy production by using the latest technologies and adopting technological innovations, surpassing European and American utilities, by reducing losses from electricity transmission and distribution networks to 3.3% compared to 6–7% in the US and Europe. DEWA also achieved the lowest customer minutes lost per year (CML) in the world of 2.39 CML compared to 15 minutes in Europe and was also able to reduce water network losses to 6.5% in 2018 compared to 15% in North America, which is one of the best results in the world.