John Defterios is CNN Business’ Emerging Markets Editor and Anchor. Based in the network’s Abu Dhabi bureau since 2011, his reporting focuses on the top business stories from emerging economies, with a specialty in trade, geo-politics and energy.
Defterios has built a long-standing reputation for securing exclusive interviews with high-level figures during breaking news situations including: HH Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister of the UAE and Ruler of Dubai, King Abdullah II of Jordan, Ali Al Naimi & Khalid Al Falih, Energy Ministers of Saudi Arabia, HH Prince Alwaleed Bin Talal Al Saud and Mexico’s President Enrique Peña Nieto as well many of the leading CEOs in the Fortune 100.
He has three decades of financial news and current affairs experience covering some of the landmark events during that period including the Gulf War, the fall of the Berlin Wall, the World Trade Centre bombings, G8/G20 summits, and the L.A. Riots from his postings in London, Washington, New York, Los Angeles, Rome and the UAE.
Prior to CNN, Defterios worked for Reuters Television as European Correspondent, US West Coast Correspondent and special series producer in a joint-venture with The Nightly Business Report on PBS-TV.
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.