Latest news with #FahadAlHassawi
Al Bawaba
3 days ago
- Business
- Al Bawaba
du and Transguard Group join forces to drive digital transformation
du, the leading telecom and digital services provider, today signed a Memorandum of Understanding (MoU) with Transguard Group, the region's leading business support and outsourcing provider. The partners aim to collaborate across various domains, fostering innovation, efficiency, and digital transformation aligned with du's over eight years, Transguard Group has been entrusted with providing top-tier Facilities Management services across various du locations, including its headquarters in Dubai Hills. This new agreement expands upon their existing relationship, setting a foundation for future ventures in developing cutting-edge services and solutions that will revolutionize the Al Hassawi, Chief Executive Officer at du said: "We are thrilled to announce a partnership with Transguard Group, a collaboration that marks a milestone in our journey towards achieving excellence in the digital arena. This partnership aims to enhance our services in line with our commitment to embrace digital transformation, shaping the future of telecom solutions in the region."The partnership will explore innovative collaboration models, clearly defining roles and responsibilities with an eye towards crafting digital solutions that enhance operational efficiencies and drive transformative change. 'We are proud to be entering this collaboration with du, which will fortify our already robust digital transformation initiatives,' stated Rabie Atieh, Chief Executive Officer, Transguard Group. 'As longtime partners who have enabled one another's success on multiple occasions, this cooperative effort will have a positive impact on not only our operations but also on the welfare of our site-based colleagues.' The partnership aims to leverage the strengths of both organizations, combining du's expertise in telecom and digital services with Transguard's expertise in business support and outsourcing. It is a leap towards building a digital ecosystem that not only meets the evolving needs of customers but also sets new benchmarks in the industry.
Zawya
3 days ago
- Business
- Zawya
Du and Transguard Group join forces to drive digital transformation
Dubai, UAE: du, the leading telecom and digital services provider, today signed a Memorandum of Understanding (MoU) with Transguard Group, the region's leading business support and outsourcing provider. The partners aim to collaborate across various domains, fostering innovation, efficiency, and digital transformation aligned with du's vision. For over eight years, Transguard Group has been entrusted with providing top-tier Facilities Management services across various du locations, including its headquarters in Dubai Hills. This new agreement expands upon their existing relationship, setting a foundation for future ventures in developing cutting-edge services and solutions that will revolutionize the industry. Fahad Al Hassawi, Chief Executive Officer at du said: "We are thrilled to announce a partnership with Transguard Group, a collaboration that marks a milestone in our journey towards achieving excellence in the digital arena. This partnership aims to enhance our services in line with our commitment to embrace digital transformation, shaping the future of telecom solutions in the region." The partnership will explore innovative collaboration models, clearly defining roles and responsibilities with an eye towards crafting digital solutions that enhance operational efficiencies and drive transformative change. 'We are proud to be entering this collaboration with du, which will fortify our already robust digital transformation initiatives,' stated Rabie Atieh, Chief Executive Officer, Transguard Group. 'As longtime partners who have enabled one another's success on multiple occasions, this cooperative effort will have a positive impact on not only our operations but also on the welfare of our site-based colleagues.' The partnership aims to leverage the strengths of both organizations, combining du's expertise in telecom and digital services with Transguard's expertise in business support and outsourcing. It is a leap towards building a digital ecosystem that not only meets the evolving needs of customers but also sets new benchmarks in the industry. About du du adds life to life with a comprehensive portfolio of mobile, fixed, broadband, entertainment services, and fintech solutions. Through a digital-first approach powered by ultra-reliable fiber and 5G technology, du delivers bespoke solutions leveraging cloud computing, AI-driven analytics, advanced cybersecurity, and IoT integration. As a trusted digital telco enabler spearheading the UAE's digital transformation, we collaborate with a dynamic partner ecosystem to propel industries and society toward operational excellence, shaping a more connected and digitally advanced future across the region.
Khaleej Times
20-05-2025
- Business
- Khaleej Times
Dubai telecom operator du reports 19.8% net profit increase in Q1 2025
Emirates Integrated Telecommunications Company PJSC (du) reported its financial results for the first quarter of 2025, marked by robust growth in both revenues and profitability. Total revenues increased by 7.4 per cent year-over-year, driven by solid performance across both service and non-service segments. EBITDA rose by an impressive 15.0 per cent supported by improved revenue mix and efficient cost management, resulting in an exceptional EBITDA margin of 47.4 per cent. This operational strength translated into a net profit increase of 19.8 per cent, underscoring our continued momentum and financial discipline, according to a press statement released by the company today. Fahad Al Hassawi, CEO commented, 'We started the year with a very strong first quarter, delivering growth across all key financial metrics and making meaningful progress on our strategy to diversify revenue streams as witnessed by the strategic partnership with Microsoft to develop a hyperscale data centre. The resilient UAE environment coupled with the quality of our offerings and our ability to respond to evolving customer needs contributed to the solid growth in our subscriber base with our mobile base now exceeding the 9 million mark and our revenues witnessing a remarkable 7.4 per cent growth." He added, "We also achieved a strong margin expansion, with EBITDA margin rising to 47.4 per cent while net profit grew by 19.8 per cent, reflecting disciplined execution of our strategy and effective cost management. Our balance sheet remains robust supported by strong cash generation and the continuing normalisation of capital expenditures in our connectivity business, enabling us to strategically expand into high-potential growth areas. We have reiterated our guidance, highlighting our confidence in maintaining this strong momentum throughout the year.' According to the company's statement, Q1 revenues grew by 7.4 per cent year-over-year reaching Dh3.8 billion with growth in both service and non-service revenues primarily driven by the strong macro environment in the UAE, our ability to gain market share, as well as our sustained focus on high ARPU products and mix improvement. Q1 Mobile service revenues increased by 7.4 per cent year-over-year to Dh1.7 billion driven by the growth of our customer base, improved mix and enhanced ability to capture demand for higher ARPU products through higher offer personalisation and data driven Customer Value Management, as well as some non-recurring revenues. Q1 Fixed service revenues rose by 10.2 per cent year-over-year reaching Dh1.1 billion mainly driven by the higher fibre penetration and the continuing success of our Home Wireless product and Enterprise connectivity solutions. Q1 'Other revenues' grew by 4.8 per cent year-over-year to Dh1.1 billion driven by the expansion of our ICT business as we continue to seek new revenue streams beyond our core business. The growth was also driven by higher in-bound roaming revenues supported by higher tourists' inflow and higher interconnection revenues reflecting our higher mobile base. This was partly offset by lower handset sale mainly reflecting a phasing effect, with Q1'24 handset sales benefitting from a pull-forward in demand due to supply constraints in the prior quarter, resulting in a higher comparison base. Q1 EBITDA grew by 15.0 per cent to Dh1.8 billion, with an EBITDA margin of 47.4 per cent. The strong revenues' growth, improved Mix, increased ARPU, lower handset sales and lower authentication costs, as well as the positive impact of the non-recurring revenue items resulted in higher gross margin. This was coupled with improved collections performance and our continuous focus on operational efficiency and strong control of indirect costs. Q1 Net Profit witnessed a 19.8 per cent growth year-over-year to Dh722 million, representing a Net Profit margin of 18.8% reflecting the strong EBITDA performance and positive interest result. Q1 Capex was at Dh377 million (Q1 2024: Dh359 million), a capex intensity of 9.8 per cent (Q1 2024 capex intensity of 10.0 per cent). Our core investments remain focused on 5G densification, enhancing indoor coverage and expanding Fibre deployment, and we will further allocate capital to continue developing our ICT activities. We will also continue improving our infrastructure and transforming our IT systems to further enhance the quality of our network and elevate customer experience. Q1 Operating free cash flow (EBITDA – Capex) increased by 17.9 per cent to Dh1.4 billion, mainly driven by EBITDA growth.
Mid East Info
14-05-2025
- Business
- Mid East Info
du the Official Technology & Communication Partner of the World Police Summit 2025 - Middle East Business News and Information
Key showcases at du's stand will reflect the integration of connectivity and technology for public entities, demonstrating practical applications that span from seamless service experience to innovations that strengthen the capabilities of the police industry. Dubai, UAE, May, 2025: du, the leading telecom and digital services provider, today announced its sponsorship of the upcoming World Police Summit, taking place from 13-15 May at the Dubai World Trade Center. As the event's official Technology & Communications Partner, du is set to play a key role in uniting global forces for a safer tomorrow, showcasing cutting-edge public safety technologies to advance digital innovation from du Business and du Tech. Fahad Al Hassawi, CEO of du said: 'We are proud to be the Official Technology & Communications Partner at the World Police Summit in line with our commitment to spearheading seamless connectivity and technology advancements in public safety and digital solutions. Our showcases will highlight innovative solutions to demonstrate the critical role of connectivity and digital transformation enhancing the operational efficiency and safety measures of police forces.' At the event, du Business will spotlight its expertise in cloud connectivity, key peering, and service hubs, tailored to meet the needs of international enterprises and carriers that positions du as a key provider of digital solutions, and advanced network capabilities such as 5G SD-WAN Control, and 5G MPN Mobile Private Networks. The showcases will also feature a live demonstration of the Nokia 5G 360 Camera utilising du's state of the art 5G network, integrated with video analytics to provide real-time insights, emphasizing the use of advanced telco capabilities in enhancing public safety and situational awareness. du Tech showcases at the event will focus on the latest AI uses cases and other advanced technologies like IoT, data analytics etc. The 901 Non-Emergency AI Agent showcase, transforms emergency response systems with capabilities such as image recognition, document verification, and real-time accident status updates. Another showcase includes The Vital Monitor Solution, which is an end-to-end remote monitoring system offering real-time AI & data insights into health metrics of personnel, integrating seamlessly with command and control centres. Additionally, Real-Time Location Services (RTLS) showcase offers precise tracking to monitor movement and interactions within the entity's operations, through the use of IoT & AI providing valuable insights for operational efficiency taking digital transformation in the policing industry to the next level The World Police Summit, renowned for being the largest international police meeting in the Middle East, will bring together the global police force, including key players from the AI, cloud, digital infrastructure, edge, software, and technology sectors. With the participation of the Ministry of Interior and Dubai Police as key stakeholders, the event is set to draw over 20,000 attendees, including 70% senior-level delegates and more than 220 speakers from 138 countries. About du: du adds life to life with a comprehensive portfolio of mobile, fixed, broadband, entertainment services, and fintech solutions. Through a digital-first approach powered by ultra-reliable fiber and 5G technology, du delivers bespoke solutions leveraging cloud computing, AI-driven analytics, advanced cybersecurity, and IoT integration. As a trusted digital telco enabler spearheading the UAE's digital transformation, we collaborate with a dynamic partner ecosystem to propel industries and society toward operational excellence, shaping a more connected and digitally advanced future across the region.
Al Bawaba
14-05-2025
- Business
- Al Bawaba
du the Official Technology & Communication Partner of the World Police Summit 2025
du, the leading telecom and digital services provider, today announced its sponsorship of the upcoming World Police Summit, taking place from 13-15 May at the Dubai World Trade Center. As the event's official Technology & Communications Partner, du is set to play a key role in uniting global forces for a safer tomorrow, showcasing cutting-edge public safety technologies to advance digital innovation from du Business and du Al Hassawi, CEO of du said: 'We are proud to be the Official Technology & Communications Partner at the World Police Summit in line with our commitment to spearheading seamless connectivity and technology advancements in public safety and digital solutions. Our showcases will highlight innovative solutions to demonstrate the critical role of connectivity and digital transformation enhancing the operational efficiency and safety measures of police forces."At the event, du Business will spotlight its expertise in cloud connectivity, key peering, and service hubs, tailored to meet the needs of international enterprises and carriers that positions du as a key provider of digital solutions, and advanced network capabilities such as 5G SD-WAN Control, and 5G MPN Mobile Private Networks. The showcases will also feature a live demonstration of the Nokia 5G 360 Camera utilising du's state of the art 5G network, integrated with video analytics to provide real-time insights, emphasizing the use of advanced telco capabilities in enhancing public safety and situational awareness. du Tech showcases at the event will focus on the latest AI uses cases and other advanced technologies like IoT, data analytics etc. The 901 Non-Emergency AI Agent showcase, transforms emergency response systems with capabilities such as image recognition, document verification, and real-time accident status updates. Another showcase includes The Vital Monitor Solution, which is an end-to-end remote monitoring system offering real-time AI & data insights into health metrics of personnel, integrating seamlessly with command and control centres. Additionally, Real-Time Location Services (RTLS) showcase offers precise tracking to monitor movement and interactions within the entity's operations, through the use of IoT & AI providing valuable insights for operational efficiency taking digital transformation in the policing industry to the next levelThe World Police Summit, renowned for being the largest international police meeting in the Middle East, will bring together the global police force, including key players from the AI, cloud, digital infrastructure, edge, software, and technology sectors. With the participation of the Ministry of Interior and Dubai Police as key stakeholders, the event is set to draw over 20,000 attendees, including 70% senior-level delegates and more than 220 speakers from 138 countries. © 2000 - 2025 Al Bawaba ( Signal PressWire is the world's largest independent Middle East PR distribution service.
