This will be particularly beneficial for merchants in the UAE and the region looking to reach customers abroad, driving cross-border commerce and expanding their market reach
e& enterprise
Latest in e& enterprise
e&
e& revenue grows 6% to $7.71 billion; net profit reaches $1.5 billion
EBITDA at $3.51 billion with a healthy margin of 46%; EPS climbs 17% to AED0.63; Global subscriber numbers top 175 million
acquisition
e& enterprise acquires Turkey’s GlassHouse Technologies
GlassHouse is a leading managed cloud and SAP Infrastructure services provider; Financial details of the deal not disclosed
digital payments
e& enterprise partners with Fils to launch carbon offset solutions
This integration will enable businesses in the UAE to provide customers with precise information on carbon emissions per transaction and the option to offset their carbon footprint using reliable methods
e&
UAE’s e& to acquire controlling stake in PPF Telecom for $2.36bn
PPF Telecom operates in four countries, has 10 million subscribers, and earned close to $2 billion in revenues last year
digital payments
Etisalat by e& launches uTap, a payment solution for SMBs
The new service is available in three monthly packages and will help businesses simplify collections and streamline automation
cloud services
e& announces new cloud platform in partnership with South Korea’s Bespin
The total investment and future commitments in the joint venture (JV) are expected to be over $100 million
carbon emissions
UAE technology conglomerate e& pledges net-zero operations by 2030
The group said it would reduce its carbon footprint through improving energy efficiency and sourcing renewable energy among other initiatives
AI as a Service (AIaaS)
AI ‘democratisation’, adoption in the UAE boosted by E& enterprise, DataRobot deal
Artificial intelligence as a service looks to offer firms machine learning algorithms without a huge initial investment
e&
e& – formerly Etisalat Group – reports net profit of $653mn in Q1 2022 as subscribers reach 13.1mn
e& delivered strong financial performance across all key metrics, driven by higher demand for digital and data services, coupled with the group’s ability to leverage superior networks
Artificial intelligence
UAE’s Etisalat announces rebrand to e& as part of transformation plan
‘e&’ reflects the Group’s commitment to become a global technology and investment conglomerate that accelerates the digital transformation journey while empowering societies