logo
e& Posts Strong Q1 as Revenue and Profit Surge Amid Global Tech Push

e& Posts Strong Q1 as Revenue and Profit Surge Amid Global Tech Push

Hi Dubai30-04-2025

e& has kicked off 2025 with a sharp rise in revenue and profit, solidifying its position as a global technology leader and signalling strong momentum in its digital growth strategy.
In its Q1 2025 results, the group reported consolidated revenue of AED 16.9 billion, marking an 18.7% year-on-year increase. Net profit soared to AED 5.4 billion — a 129.9% jump compared to the same period last year. EBITDA stood at AED 7.4 billion, up 15.4% year-on-year.
The UAE-based tech and telecom giant also saw its global subscriber base climb to 194.8 million, a 12.9% increase, with 15.3 million subscribers in the UAE alone. The growth highlights strong demand for its 5G networks, AI-powered solutions, and digital services across markets.
Group CEO Hatem Dowidar said the results reflect 'disciplined execution and dedicated customer focus,' crediting the company's ability to innovate, scale, and deliver across a competitive global landscape.
Dowidar pointed to key milestones, including e&'s investment in PPF Telecom at the end of 2024 and the monetisation of its stake in Khazna Data Centres in March, as strategic moves that underscore the group's ambition to build a digital ecosystem spanning three continents.
He added that e& is not only delivering strong financials but also shaping the digital future by leveraging AI, expanding network infrastructure, and creating long-term value for shareholders.
The strong Q1 performance sets a confident tone for the rest of the year as e& continues to evolve from a telecom operator into a diversified global tech player.
News Source: Emirates News Agency

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

ADNOC Gas awards $5bln in contracts for first phase of its Rich Gas Development Project
ADNOC Gas awards $5bln in contracts for first phase of its Rich Gas Development Project

Zawya

time20 minutes ago

  • Zawya

ADNOC Gas awards $5bln in contracts for first phase of its Rich Gas Development Project

ADNOC Gas Plc and its subsidiaries (together referred to as 'ADNOC Gas' or the 'Company') announced today it has taken a FID and awarded $5 billion in contracts for the first phase of its Rich Gas Development (RGD) Project, marking a key milestone in the company's largest-ever capital investment. The contracts involve expanding key processing units to increase throughput and improve operational efficiency across four ADNOC Gas Facilities: Asab, Buhasa, Habshan (Onshore), and the Das Island liquefaction facility (Offshore). The company intends to take FIDs on two additional phases of the RGD project at Habshan and Ruwais to enable the delivery of greater production capacity to meet growing market demands. The RGD project will enable the development of new gas reservoirs, which are key to boosting liquid gas exports, supporting gas self-sufficiency in the UAE, and providing essential feedstock to the country's growing petrochemical industry. Engineering, Procurement, and Construction Management (EPCM) contracts have been awarded in three tranches for phase 1. The first tranche, valued at $2.8 billion, has been awarded to Wood for the Habshan facility. The remaining two tranches – $1.2 billion for the Das Island liquefaction facility and $1.1 billion for the Asab and Buhasa facilities – have been awarded to two consortia: Petrofac; and Kent Plc. Fatema Al Nuaimi, Chief Executive Officer of ADNOC Gas, said: 'The FID and contract awards for the first phase of the Rich Gas Development project mark a significant milestone in ADNOC Gas' strategy to deliver +40% EBITDA growth between 2023 and 2029. This strategic investment is expected to deliver significant new value for our shareholders and enable continued sustainable growth for the company, our employees, and the UAE.' Phase 1 of the RGD project focuses on optimizing and debottlenecking existing gas assets while unlocking new and valuable gas streams. As part of ADNOC Gas' long-term strategy, which is focused on growth and futureproofing its business, the RGD project aligns with the company's vision to deliver important growth initiatives between 2025 and 2029. Additionally, the RGD project highlights ADNOC Gas' commitment to enhancing In-Country Value (ICV), with plans to create hundreds of new, field-based technical positions by 2029, further contributing to the UAE's economic growth.

UAE: First finfluencers hail new licence, say will reduce misinformation
UAE: First finfluencers hail new licence, say will reduce misinformation

Khaleej Times

time37 minutes ago

  • Khaleej Times

UAE: First finfluencers hail new licence, say will reduce misinformation

Regulating financial advice given on social media will help reduce misinformation, UAE's first finfluencers said to Khaleej Times days after the Securities and Commodities Authority (SCA) licensed them. The region's first finfluencer license aims to regulate digital financial content. The initiative seeks to establish a governance framework for individuals offering investment analysis, recommendations, and financial promotions across digital platforms. On June 3, the SCA published its first list of 10 licensed finfluencers authorised to create financial content in the country. Many of these individuals come from backgrounds in banking, law, or finance, leveraging their expertise to educate the public and inspire informed financial decisions. Muhammad Alamer, one of the ten finfluencers listed by the SCA, noted that financial content in the UAE has significantly blossomed in recent years. 'In recent years, financial content in the UAE has matured significantly, driven by increased investor education, regulatory enhancements, and the growing presence of specialised professionals,' he stated, emphasising a shift toward prioritising quality over quantity, with a focus on credibility and actionable insights. On the SCA finfluencer license, Muhammad remarked that it would help reduce misinformation. 'This regulation will enhance trustworthiness, encourage professional standards, and ultimately benefit investors and the broader financial community,' he added. 'This regulatory initiative is expected to promote higher professionalism and mitigate misinformation, positively shaping the UAE's financial advisory landscape toward greater transparency and investor protection.' As a private wealth specialist, trader, and investor with 17 years of experience in UAE banks, his journey into financial advisory stemmed from a deep interest in understanding market dynamics and leveraging technology to enhance decision-making processes, particularly through advanced analytical tools and artificial intelligence. He works closely with ultra-high-net-worth individuals to grow and preserve their wealth, sharing insights through his LinkedIn platform. Mohammed Al Hattawi, another finfluencer listed by the SCA, entered the field of financial content out of passion. He emphasised the significance of the SCA's licensing decision, describing it as a crucial and timely measure that enhances credibility and ensures that those providing financial content are held to both legal and moral standards. 'The license boosts credibility, as it is issued by an official government agency, instilling greater confidence among followers. I appreciate the rigorous requirements for obtaining it, as they ensure that influencers are qualified and trustworthy.' He stated, 'I began my journey in financial content because of my lifelong passion for investing and my realisation that many people needed accurate information, free from misinformation.' The SCA's initiative aims to enhance transparency, trust, and regulation in the rapidly expanding world of financial content. 'My love for the field and my desire to be a trusted source of clear information motivated me to become a finfluencer,' he explained. 'As a financial influencer, my role extends beyond merely sharing information; I aim to inspire people to think critically about their financial decisions, basing them on understanding rather than emotion.' With a background in law and currently pursuing a PhD in Political Science and Economics, he observed that financial content in the UAE has evolved from basic concepts to a truly informed community. Industry experts have also welcomed this decision. While not a finfluencer himself, Ali Abuamriyeh, a Forensic Accounting & Financial Litigation Advisor, stated, 'The UAE's finfluencer license is a timely regulatory step that introduces structure, accountability, and transparency to the fast-growing digital financial content space, particularly in high-risk areas like cryptocurrency and speculative assets.' He believes this move aligns with the UAE's broader efforts to establish a resilient and well-regulated financial ecosystem. 'Similar to licensed investment advisors, finfluencers will now be required to meet clear standards. They must disclose their identity, credentials, affiliations, and the basis of their advice, ensuring that content is based on fact rather than hype or emotional persuasion.' From a forensic and litigation perspective, he highlights several key benefits: Transparency is enhanced through mandatory disclosures, providing a clearer view of a finfluencer's intentions and interests. Legal accountability is reinforced, as oversight from the SCA introduces an enforcement mechanism to deter irresponsible or deceptive advice. Additionally, licensing requirements create a digital audit trail, improving the quality and admissibility of content in legal investigations.

ADGM FSRA implements amendments to
digital asset regulatory framework
ADGM FSRA implements amendments to
digital asset regulatory framework

Economy ME

time41 minutes ago

  • Economy ME

ADGM FSRA implements amendments to
digital asset regulatory framework

The Financial Services Authority (FSRA) of ADGM has announced the implementation of amendments to its regulatory framework for digital assets. This implementation follows extensive engagement with the industry and feedback received on Consultation Paper No. 11 of 2024. The primary focus of the implemented amendments is on revising the process through which Virtual Assets (VAs) are accepted as Accepted Virtual Assets (AVAs) in ADGM, along with establishing appropriate capital requirements and fees for Authorised Persons conducting Regulated Activities related to VAs (VA Firms). Additionally, the amendments introduce a specific product intervention power concerning VAs, while also reinforcing existing rules that prohibit the use of privacy tokens and algorithmic stablecoins within ADGM. Furthermore, the amendments broaden the scope of investments for which Venture Capital Funds may invest. The FSRA has updated the Guidance – Regulation of Virtual Asset Activities in ADGM to reflect these measures and provide further assistance to VA Firms regarding the application of the AVA assessment criteria. Read more: ADGM FSRA publishes IT Risk Management Guidance Regulatory certainty for industry Emmanuel Givanakis, chief executive officer of ADGM's FSRA, stated: 'The implementation of these changes marks a significant milestone in the evolution of the FSRA's framework for digital asset regulation. Through extensive consultation with industry stakeholders, we have further enhanced our framework to provide the regulatory certainty that industry participants need, while addressing the evolving risks of the digital asset ecosystem. We believe this further positions ADGM as a premier jurisdiction for digital asset-related activities and shows our commitment to fostering responsible innovation in financial services.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store