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02 October 10:17 AM

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21 August 07:03 PM e&, GCC telcos units launch 1st regional Sustainability Hackathon
Mubasher: Emirates Telecommunications Group (e&) and the GCC’s leading telecom operators have launched the region’s first Sustainability Hackathon, according to a press release. The initiative aims to accelerate green technology adoption and …
Companies Investments
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3 August 09:52 AM e&’s profits to owners hit AED 8.8bn in H1-25; dividends announced
Abu Dhabi – Mubasher: The net profits attributable to the owners of Emirates Telecommunications Group (e&) jumped by 60.70% to AED 8.82 billion in the first half (H1) of 2025 from AED 5.49 billion in H1-24. Total consolidated revenues hiked by …
Cash Dividends
Eyad Alkassar and Mahmoud Fouz,Founders of Qlub
21 July 05:31 PM Qlub fuels global expansion plans via $30m funding co-led by e&
UAE – Mubasher: Qlub, the ultra-fast payment system in restaurants, has raised $30 million in a new funding round to fuel global expansion, according to a press release. The transaction was co-led by Shorooq Partners and Cherry Ventures, with …
Companies Investments
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30 April 11:40 AM e& delivers 130% higher consolidated profits in Q1-25; revenues hit AED 16.8bn
Abu Dhabi – Mubasher: e& recorded 129.90% year-on-year (YoY) higher consolidated net profits at AED 5.55 billion in the first quarter (Q1) of 2025, compared to AED 2.45 billion. The consolidated revenues amounted to AED 16.86 billion as of 31 …
Financial Results
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16 April 06:11 PM e&’s shareholders approve 2024 cash dividends
Abu Dhabi – Mubasher: The annual general meeting (AGM) of e& approved a cash dividend of AED 0.83 per share for 2024, according to a press release. The dividends amount supports the group's commitment to delivering consistent value through a …
General Assembly
SBB Serbia
2 April 06:37 PM e& subsidiary concludes acquisition of SBB in EUR 825m deal value
Abu Dhabi – Mubasher: e& PPF Telecom Group BV (e& PPF Telecom), a subsidiary of Emirates Telecommunications Group Company (e&), has completed the takeover of SBB d.o.o. Serbia, according to a bourse disclosure.  The transaction value is worth EUR …
Mergers and Acquisitions
Khazna Data Centers
30 March 07:38 PM UAE’s Khazna welcomes new strategic minority investors; e& exits
Abu Dhabi – Mubasher: Khazna Data Centers has welcomed MGX and Silver Lake as new minority shareholders, alongside the majority shareholder G42. Meanwhile, as part of this transition, the listed telecom operator e& exited from its investment in …
Companies Investments
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18 March 11:27 AM e&, RAIN Technology join forces to boost healthcare solutions in MEA
Abu Dhabi – Mubasher: e& enterprise, the digital transformation arm of e&, has entered into a strategic partnership with AI-powered healthcare solutions leader RAIN Technology, according to a press release. This partnership contributed to …
Companies Investments
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16 February 01:15 PM e&’s profits leap in 2024 on heightened demand for digital services
Abu Dhabi – Mubasher: The consolidated net profits attributable to the owners e& increased by 4.30% year-on-year (YoY) to AED 10.75 billion in 2024 from AED 10.30 billion. The telecom group recorded a 10.10% growth in consolidated revenue …
Financial Results
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4 December 2024 00:17 PM e& Egypt, pmaestro team up to foster digital transformation in MENA
Cairo – Mubasher: e& Egypt by ADX-listed e& inked a strategic partnership with pmaestro to reinforce digital transformation across Egypt and the MENA region, according to a press release. The partnership aims to support Digital Inclusion to ensure …
Companies Investments
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26 November 2024 02:49 PM e& enterprise, Cloudera to drive digital transformation across Middle East
Abu Dhabi – Mubasher: e& enterprise, the digital transformation unit of e&, entered into a strategic partnership with Cloudera, the only true hybrid platform for data, analytics, and AI. The two entities aim to accelerate digital transformation by …
Global Economy
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31 October 2024 04:34 PM e&’s revenues jump 7% in 9M-24; profits cross AED 8.2bn
Abu Dhabi – Mubasher: e& registered net profits valued at AED 8.21 billion in the first nine months (9M) of 2024, an annual decline from AED 8.36 billion. Revenues climbed by 7% year-on-year (YoY) to AED 42.72 billion in 9M-24 from AED 40.01 …
Financial Results
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16 October 2024 03:13 PM e&, AWS forge over $1bn partnership agreement
Abu Dhabi – Mubasher: e& entered into a strategic partnership with Amazon Web Services (AWS) and signed a $1 billion-plus (AED 3.70 billion), according to a press release. The deal aims to accelerate the impact of cloud-driven innovation and …
Companies Investments
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29 September 2024 11:54 AM Yahsat pays AED 205m dividends for H1-24
Abu Dhabi – Mubasher: The shareholders of Al Yah Satellite Communications Company (Yahsat) approved interim cash dividends of AED 204.94 million for the first half (H1) of 2024. Yahsat disbursed a dividend of 8.40 fils per share on 26 September …
Cash Dividends
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25 September 2024 02:32 PM e& obtains regulatory nod for stake acquisition of PPF Telecom Group
Abu Dhabi – Mubasher: e& received the European Commission’s (EC) approval to complete the acquisition of a controlling stake in PPF Telecom’s assets in Bulgaria, Hungary, Serbia, and Slovakia. The ADX-listed company planned to acquire a 50% …
Companies Investments
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18 August 2024 09:53 AM Bayanat, Yahsat launch UAE’s 1st SAR satellite
Abu Dhabi - Mubasher: Bayanat AI and  Al Yah Satellite Communications Company (Yahsat) launched their first low earth orbit (LEO) synthetic aperture radar (SAR) satellite into orbit. The two companies partnered with ICEYE to carry out the launch …
Global Economy
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1 August 2024 01:46 PM e&’s profits to shareholders hit AED 5.4bn in H1-24; dividends proposed
Abu Dhabi – Mubasher: The net profits attributable to the owners of e& amounted to AED 5.49 billion in the first half (H1) of 2024, an annual leap from AED 4.70 billion. The company posted revenues valued at AED 28.30 billion in H1-24, up …
Financial Results
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30 July 2024 01:54 PM Yahsat achieves strong financial performance in H1-24; revenues hit $200m
Abu Dhabi – Mubasher: Al Yah Satellite Communications Company (Yahsat) recorded net profits worth $68.29 million in the first half (H1) of 2024, compared to $40.88 million. The revenues at $199.74 million in H1-24, down from $205.07 million in …
Financial Results
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25 July 2024 11:51 AM Moody's Ratings maintains e&'s Aa3 ratings; outlook stable
Abu Dhabi – Mubasher: Moody's Ratings has affirmed Emirates Telecommunications Group’s (e&) long-term issuer rating at ‘Aa3’, with a stable outlook. The rating agency also affirmed the company’s baseline credit assessment (bca), senior unsecured …
Ratings
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4 July 2024 02:31 PM ADNOC, e& to develop largest private 5G wireless network
Abu Dhabi – Mubasher: Abu Dhabi National Oil Company (ADNOC) has joined forces with e& for a strategic project to build the energy industry’s largest private 5G wireless network, according to a press release. The joint venture (JV) spans 11,000 …
Companies Investments
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1 July 2024 02:54 PM Yahsat awards SpaceX launch of 2 new Al Yah satellites
Abu Dhabi – Mubasher: Al Yah Satellite Communications Company (Yahsat), the UAE’s satellite solutions provider, has chosen SpaceX to launch its new geostationary satellites, Al Yah 4 (AY4) and Al Yah 5 (AY5). The new satellites are scheduled to be …
Companies Investments
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30 June 2024 03:11 PM e& anchors SMEs growth in UAE via new partnership
Abu Dhabi – Mubasher: The Abu Dhabi Chamber of Commerce and Industry sealed a deal with e&, aimed at boosting cooperation to back SMEs in Abu Dhabi, according to a press release. The partnership seeks to foster the growth of the business community …
Companies Investments
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26 June 2024 02:05 PM e& Enterprise acquires Turkish cloud provider GlassHouse
Abu Dhabi – Mubasher: e& enterprise, the digital transformation unit of e&, has acquired Turkey-based GlassHouse Technologies in a deal that underscores its ambitions to expand globally. The acquisition establishes Turkey as a new key market for …
Mergers and Acquisitions
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23 June 2024 04:38 PM e& teams with Microsoft to bolster AI tools for businesses
Abu Dhabi – Mubasher: e& plans to bring Copilot for Microsoft M365, the transformative AI tool, to small and medium-sized businesses (SMBs) and enterprises, according to a press release. Copilot is an AI-powered assistant that integrates with …
Companies Investments
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13 June 2024 11:56 AM e& opens CX centre in Riyadh
Abu Dhabi – Mubasher: e& has launched a new contact and customer experience centre in Riyadh. The new facility is planned to create 1,500 jobs, according to a press release. The centre is outfitted with state-of-the-art communication technologies, …
Companies Investments