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e& Announces Record 2024 Financial Results with Dh10.8 Billion Net Profit and 83 Fils Dividend

In a landmark decision, e& shareholders have enthusiastically approved the Board's recommendation for a cash dividend of 83 fils (Dh0.83) per share for fiscal year 2024, marking another year of exceptional performance for the global technology leader.

Jassem Mohamed Bu Ataba Alzaabi, Chairman of e&, proudly announced: "2024 stands as a testament to our strategic vision and execution excellence. We've achieved unprecedented milestones with record consolidated revenues soaring to Dh59.2 billion - an impressive 10.1% growth - while net profit climbed to Dh10.8 billion, reflecting a solid 4.3% increase. Our transformation into a global tech powerhouse continues gaining momentum through strategic geographic expansion and digital innovation."

The company's Group CEO Hatem Dowidar emphasized their breakthrough year: "2024 redefined what 'more' means for e& - more technological impact, more market opportunities, more sustainable growth, and more commitment to excellence than ever before. Our presence across 38 countries has enabled us to deliver superior value through cutting-edge telecom services and digital solutions powered by AI innovation."

The financial highlights reveal an organization firing on all cylinders:

Record-breaking profitability: Dh10.8 billion net profit (4.3% YoY growth)
Revenue surge: Consolidated revenues hit Dh59.2 billion (10.1% increase)
Sustained EBITDA growth: Reached Dh26.5 billion at constant exchange rates
Expanding customer base: Total subscribers grew 11.% to reach million worldwide

UAE Banks Shine in Q1 2026: Record Profits Amid Global Economic Headwinds

The UAE's banking sector has defied global economic challenges to deliver an impressive first quarter performance in 2026, with the nation's top lenders reporting robust growth across key financial metrics. Fresh analysis from Alvarez & Marsal (A&M) reveals the UAE's ten largest listed banks collectively saw net income surge to Dh22.2 billion - an impressive 8.4% increase compared to the previous quarter. This stellar performance was driven by a remarkable 59.3% reduction in impairment charges a

e& Reports Record Growth in Q1 2026, Solidifying Its Position as a Global Tech Leader

e& has kicked off 2026 with outstanding financial results, demonstrating remarkable growth across all business segments and reinforcing its status as an innovator in the digital landscape. The company's strategic vision continues to drive significant value creation, positioning it as one of the most dynamic players in the global technology sector. The Group reported consolidated revenues of Dh16.9 billion for the first quarter, marking an impressive 18.7% year-over-year increase. Net profits soa

e& UAE Launches Innovative Kids SIM Card with Advanced Parental Controls

In a groundbreaking move to promote child digital safety, UAE telecom giant e& (formerly Etisalat) has unveiled a specialized SIM card tailored specifically for young users, empowering parents with unprecedented control over their children's online experiences. The innovative Kids SIM solution offers two budget-friendly monthly packages at Dh49 and Dh99, packed with features that blend connectivity with security: Generous local calling allowances Uninterrupted data access around the clock Compl

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UAE Banks Shine in Q1 2026: Record Profits Amid Global Economic Headwinds

The UAE's banking sector has defied global economic challenges to deliver an impressive first quarter performance in 2026, with the nation's top lenders reporting robust growth across key financial metrics. Fresh analysis from Alvarez & Marsal (A&M) reveals the UAE's ten largest listed banks collectively saw net income surge to Dh22.2 billion - an impressive 8.4% increase compared to the previous quarter. This stellar performance was driven by a remarkable 59.3% reduction in impairment charges a

Sharjah Islamic Bank Boosts Nasdaq Dubai's Sukuk Market with $500 Million AT1 Listing

In a landmark move for Islamic finance, Sharjah Islamic Bank (SIB) has successfully listed a $500 million Additional Tier 1 (AT1) sukuk on Nasdaq Dubai, further cementing the exchange's position as a global hub for Sharia-compliant securities.

UAE Drivers Alert: Major Road Closures This Sunday - Plan Your Route Now!

Attention all UAE motorists! The Roads and Transport Authority (RTA) has issued an important travel advisory for this Sunday, June 15, as essential maintenance works will temporarily disrupt traffic flow on two key highways. Commuters heading towards Sharjah and using Sheikh Mohammed bin Zayed Road should prepare for possible delays.

Dh332 Million Umm Suqeim Street Upgrade Nears Completion, Set to Slash Travel Time by 61%

Dubai's ambitious Umm Suqeim Street Improvement Project, a Dh332 million initiative designed to revolutionize connectivity between Al Khail Road and Sheikh Mohammed Bin Zayed Road, is now over 70% complete. The transformative infrastructure development features an impressive 800-meter tunnel with four lanes in each direction, promising to dramatically enhance traffic flow across the city.

Dubai Unveils Dh1.4 Billion Stormwater Drainage Upgrade to Future-Proof City Infrastructure

In a landmark move to safeguard against climate challenges, Dubai Municipality has launched four ambitious infrastructure projects worth Dh1.439 billion as part of its revolutionary 'Tasreef' stormwater drainage initiative. This strategic investment will transform the emirate's water management systems to meet future demands while setting new benchmarks for urban resilience.

Le Mans Legends: Where History, Speed and Investment Collide

For racing enthusiasts, few names carry the weight of Le Mans. This hallowed French circuit represents to motorsport what Wimbledon does to tennis or Augusta National to golf - a sacred proving ground where legends are made. The storied Sarthe River circuit has witnessed automotive history since hosting France's inaugural Grand Prix in 1906, though its roots stretch back further than the Roman conquest of 47 BC.

Suzuki Swift Production Halt Linked to China's Rare Earth Export Restrictions

In a move highlighting the growing impact of global supply chain disruptions, Suzuki Motor has temporarily suspended production of its popular Swift subcompact due to China's tightening rare earth export policies. Industry insiders reveal this marks the first major Japanese automaker affected by Beijing's recent trade measures.

Bentley Continental GT Speed Hybrid: Where Timeless Elegance Meets Electrifying Performance

In the realm of automotive aristocracy, Bentley stands as a crown jewel. Born from racing heritage with legendary victories, the marque evolved through its Rolls-Royce era before emerging stronger under Volkswagen's stewardship. The Continental GT became its renaissance masterpiece - a perfect marriage of breathtaking design, thunderous performance, and peerless craftsmanship. Now in its fourth iteration, we experienced Bentley's vision of "fine driving" in the exclusive Continental GT Speed Hybrid First Edition - here's why this grand tourer redefines automotive excellence.