Latest news with #Dowidar
Hi Dubai
30-04-2025
- Business
- Hi Dubai
e& Posts Strong Q1 as Revenue and Profit Surge Amid Global Tech Push
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
Arabian Business
12-02-2025
- Business
- Arabian Business
AB Majlis podcast: e& accelerates AI push with 900 projects as telco economics shift rapidly
e& is advancing its artificial intelligence strategy with more than 900 AI-related projects underway, as the technology company positions itself for growth beyond traditional telecommunications. Speaking on the sidelines of the World Government Summit in Dubai, as part of a special series by AB Majlis, e& Group CEO Hatem Dowidar outlined how AI is reshaping the company's operations. 'AI now is different because AI has moved from being something that only a data scientist or a specialist can work with to something that is touching everybody's work, touching everybody's life every day', Dowidar said. The company's transformation comes at a critical juncture for the industry. e& UAE CEO Masood M. Sharif Mahmood highlighted the fundamental challenge facing traditional telcos: 'The billions that we're pouring in the infrastructure, we have to continue pouring billions. So the investments go like this, but the price that our customers are willing to pay is going like this. Two forces moving in the opposite direction.' This pressure has catalysed e&'s evolution from a traditional telecom provider to a technology company. The transformation is already showing results, with customer complaint volumes dropping 40 per cent and satisfaction indices rising by 20 per cent over the past three years, according to Mahmood. The company's AI initiatives span from network operations to customer service. 'Normally now we are solving customers issues even before the customer knows there's an issue', Dowidar noted. The push into AI aligns with the UAE's broader technology ambitions, which saw the country become the first to appoint a minister of AI in 2017. Tune in to AB Majlis' WGS Special series with e& visit our RSS feed or check out AB Majlis on Spotify, Apple Podcasts, and other platforms. Episodes are also available on: Tune in every Monday for weekly episodes that will help you stay ahead of the curve and enrich your understanding of the Gulf region.
Emirates 24/7
12-02-2025
- Business
- Emirates 24/7
e& supports future of governments as Technology Partner at WGS 2025
e& Group CEO Hatem Dowidar underscored the urgency of bridging the digital divide. With 2.5 billion people in the world remaining disconnected, he emphasised that connectivity is a fundamental driver of progress, calling for collective action to accelerate global access. His remarks came during a keynote address during the plenary session at the World Governments Summit 2025 (WGS), held in Dubai from 11th to 13th February. e&, as the global technology group and Technology Partner of the WGS 2025, is actively participating under the summit's theme, "Shaping Future Governments." The company contributes to the dialogue on how technology can reshape government operations and citizen engagement, driving smarter, more connected governance. Dowidar joined Vodafone CEO Margherita Della Valle and Rakuten CEO Hiroshi Mikitani in the panel discussion "Can We Innovate Our Way to a More Connected World?" He emphasised that what's good for business is also good for society—connecting people unlocks opportunities across fintech, cybersecurity, cloud computing, and beyond, driving both economic growth and societal benefits. He highlighted the need for regulatory frameworks that foster innovation and collaboration, ensuring AI and connectivity work for everyone. Addressing the AI divide, Dowidar pointed out that while only 20 percent of the global population speaks English, 70 percent of the learning of AI today is based on English. He also underscored the importance of sovereign AI, emphasising the need for secure cross-border data flows. As key participants in the WGS 2025, e &'s leadership will engage in diverse sessions this week, sharing their expertise during critical dialogues on innovation, digital transformation, and inclusion. Alongside Hatem Dowidar, senior executives from across e &'s portfolio will participate in fireside chats, panel discussions, roundtables, and moderator capacities. Masood M. Sharif Mahmood, CEO of e& UAE, will join a fireside chat on "What Does the Great Digital Leap Need to Become a Reality?" highlighting the transformative journey in the digital age. Khalid Murshed, CEO of e& enterprise, will explore the intersection of AI and cybersecurity. Khalifa AlShamsi, CEO of e& life and e& international, will moderate and engage in roundtable discussions, including one focused on "The Future of Investments," exploring the evolving landscape of investments in technology and governance. Dena Almansoori, Group Chief AI and Data Officer, will discuss how AI can unlock its projected value, emphasising the crucial role of Chief AI Officers in driving this transformation. Ali Al Mansoori, Group Chief People Officer, will contribute insights on human-centric strategies in building future-ready organisations. e& participation at this summit aims to galvanise a global effort that embraces digital transformation for the greater good, demonstrating that, as the evolving governance models are converging, collaboration is a fundamental strategy to tackle the world's most pressing interconnected challenges, from digital divides to economic volatility, and climate challenges. Championing the role of technology, connectivity, and digital intelligence, e& leadership will bring actionable insight to highlight how AI, digital finance, intelligent infrastructure, and connectivity can shape governance models of tomorrow, drive economic resilience, and enable human-centric digital progress by embracing intelligent technologies for the greater good. Follow Emirates 24|7 on Google News.
Hi Dubai
12-02-2025
- Business
- Hi Dubai
e& Calls for Collective Action to Bridge Global Digital Divide at WGS 2025
At the World Governments Summit 2025 (WGS) in Dubai, e& Group CEO Hatem Dowidar called for urgent action to address the global digital divide, which still leaves 2.5 billion people disconnected. Speaking during the plenary session on 12th February, Dowidar emphasized that connectivity is essential for progress and urged global collaboration to accelerate access to technology. As the Technology Partner of the summit, e& is playing a key role in discussions on how technology can transform government operations and improve citizen engagement. Dowidar joined Vodafone CEO Margherita Della Valle and Rakuten CEO Hiroshi Mikitani in a panel titled "Can We Innovate Our Way to a More Connected World?" In his remarks, he stressed that connecting people not only drives business growth but also unlocks opportunities across sectors such as fintech, cybersecurity, and cloud computing, benefiting society as a whole. Dowidar also addressed the AI divide, noting that while only 20 percent of the global population speaks English, 70 percent of AI learning today is based on English. He advocated for regulatory frameworks that promote innovation and collaboration, ensuring that AI and connectivity are inclusive. Alongside Dowidar, senior executives from e& are engaging in various sessions at WGS 2025, sharing insights on digital transformation, AI, and governance. Masood M. Sharif Mahmood, CEO of e& UAE, will discuss the future of digital transformation, while Khalid Murshed, CEO of e& enterprise, will explore AI's impact on cybersecurity. e&'s participation underscores its commitment to fostering global digital collaboration, championing technology's role in shaping the future of governance and creating resilient economies. News Source: Emirates News Agency
