Dina Osama El-Shenoufy is the Chief Information Officer (CIO) of Flat6Labs, a leading startup accelerator and seed funding organisation in the Middle East and North Africa (MENA) region.
She has over 15 years of financial services experience managing venture capital and investment portfolios across MENA and prior to her role at Flat6Labs, from 2009- 2011, she worked as a Senior Analyst for Al-Ahly Capital Holding, where she was responsible for managing the Oil & Gas portfolio valued at over $200 million.
She also represented the company on the board of Egypt’s biggest producer of essential mineral oils, AMOC. Earlier, El-Shenoufy held the position of Portfolio Manager at Beltone Asset Management, where she co-managed the MENA regional portfolio, valued at $28 million, acquiring great insight into the GCC, Levant and North African markets and its trends and business habits.
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.