e& Posts Record $19.85bn Revenue as Profits Jump 33.6%
The Board has appointed Masood M Sharif Mahmood, currently CEO of e& UAE, to succeed Dowidar as Group CEO effective April 1, while also continuing in his UAE leadership role.
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Mashreq launches first-of-its-kind digital cross-border accounts for non-resident Pakistanis in the UAE
Mashreq has launched a digital cross-border banking service enabling UAE-based Pakistanis to remotely open and manage Mashreq Pakistan accounts through its UAE app. The service includes a unified dashboard, zero minimum balance accounts, and free instant remittances via Quick Remit, simplifying cross-border financial management.
2Africa cable activated in UAE
e& Carrier & Wholesale Services has activated the 2Africa submarine cable at its SmartHub data centre in the UAE. Spanning 45,000 km, the system enhances international capacity, resilience, and latency performance, reinforcing the UAE’s role as a global connectivity hub amid growing demand for cloud and digital services.
e& Revenue Jumps to $19.85bn as Net Profit Climbs 33.6% to $3.92bn in Record 2025 Results
e& posted record 2025 results with revenues up 23.1% to $19.85bn and net profit rising 33.6% to $3.92bn, alongside strong subscriber growth and a higher dividend payout, while announcing a leadership transition effective April 1.
du achieves 89% employee engagement score, ranks among top 10% globally
du achieved an 89% employee engagement score in its latest Microsoft Viva Glint survey, ranking among the top 10% of organisations globally and outperforming regional and tech sector benchmarks. The results underscore du’s commitment to inclusivity, innovation, and a purpose-driven workplace culture.
70% of UAE companies turn to artificial intelligence to counter AI-driven threats
A Kaspersky report shows 70% of UAE firms plan to deploy AI-driven security operations centres to counter AI-powered cyber threats. Companies expect AI to enhance threat detection and automate responses, despite challenges related to talent shortages and integration costs.
e& partners with Aster Pharmacy to launch ‘Pharmacy in a Box’ initiative
e& UAE has partnered with Aster Pharmacy to deploy the ‘Pharmacy in a Box’ solution, providing advanced digital infrastructure to streamline operations, enhance customer experience and support expansion across existing and new outlets.
e& announces updated shareholding in global entity Vodafone
e&’s stake in Vodafone has risen to 17.005% due to Vodafone’s share buyback programme, while its total holdings remain at 3.94 billion shares. The move strengthens e&’s global exposure strategy, following its initial $4.4bn investment in 2022.
Iraqi-UAE Consortium Plans $700 Million Fast Data Cable Network
An Iraqi-Emirati consortium plans to invest $700 million in WorldLink, a subsea-and-terrestrial cable connecting the UAE to Turkey via Iraq. The five-year project aims to reduce congestion, enhance route diversity, and strengthen regional AI-ready connectivity amid rising Gulf competition in digital infrastructure.
AEC Wallet Receives UAE Central Bank Approval to Enable Crypto-Funded Dirham Payments
The UAE Central Bank has approved AEC Wallet to enable AE Coin top-ups via cryptocurrency settlement, integrating regulated stablecoin payments into mainstream retail transactions and advancing the nation’s digital payments infrastructure.