Connect with us

Technology

e& reports 11.6% increase in consolidated revenue to AED 38.1 billion in H1 2026

Published

on

Consolidated revenue for the first half increased to AED 38.1 billion, achieving 11.6% growth YoYThe Group’s consolidated net profit reached AED 6.0 billion, growing by 2.4% YoY (excluding the gain from the sale of Khazna and the Maroc Telecom settlement in H1 2025)EBITDA reached AED 17.7 billion, an increase of 13.1% compared to the same period last year, with a profit margin of 46.5%Interim DPS of 47.5 fils, an increase of 10.5% compared to the same period last year Strategic portfolio reset to sharpen the focus on strengthening core businesses with the sale of stake in Vodafone at a premium to the market price, and the partial sale of 12.5% stake in Careem Technologies

ABU DHABI, UAE, July 30, 2026 /PRNewswire/ — e& today announced its financial results for the first half of 2026 (H1 2026), delivering strong financial and business performance that reflects the Group’s ability to sustain growth across its home market and international operations. This performance was driven by a clear strategy focused on core businesses, comprehensive digital transformation, and accelerating AI-powered innovation.

During the first six months of this year, e& recorded strong growth in its consolidated revenue, reaching AED 38.1 billion, representing an increase of 11.6 per cent year-on-year (YoY). Consolidated net profit reached AED 6.0 billion, marking YoY growth of 2.4 per cent, excluding the gain on the sale of Khazna and the impact of the Maroc Telecom (MT) settlement in 2025.

EBITDA in H1 2026 reached AED 17.7 billion, a YoY increase of 13.1 per cent, resulting in a strong EBITDA margin of 46.5 per cent. These financial results are supported by the continued growth of the Group’s overall subscriber base, which grew by 30.4% per cent to reach 251.5 million subscribers, while the number of e& UAE subscribers reached 16.5 million, an increase of 6.4 per cent YoY.

This performance reflects growing customer demand for the Group’s portfolio of innovative services and solutions, as well as its ability to meet increasing demand for advanced connectivity infrastructure and deliver differentiated, AI-enhanced digital experiences for consumers and businesses.

Following a comprehensive strategic review of the Group’s international investment portfolio after the end of the second quarter, e& successfully completed the sale of its entire stake in Vodafone Group Plc. The transaction generated gross cash proceeds of AED 21.9 billion (USD 5.95 billion) and net cash return of AED 4.8 billion (equivalent to USD 1.3 billion). Similarly, e& completed the sale of 12.5 per cent of its 50.03 per cent stake in Careem Technologies to Uber for total consideration of AED 367 million (USD 100 million). 

Financial Highlights for H1 2026

H1 2026

H1 2025

% Change

Q2 2026

Q2 2025

% Change

Consolidated
Revenue (1)

38.1 billion
dirhams

34.2 billion
dirhams

11.6 %

19.2 billion
dirhams

17.7 billion
dirhams

8.7 %

Consolidated
Net Profit

6.0 billion
dirhams

5.9 billion
dirhams (2)

2.4 %

3.1 billion
dirhams

3.1 billion
dirhams (2)

1.1 %

EBITDA (1)

17.7 billion
dirhams

15.7 billion
dirhams

13.1 %

9.0 billion
dirhams

8.2 billion
dirhams

9.8 %

Earnings Per
Share

AED 0.69

AED 0.67
(2)

2.4 %

AED 0.36

AED 0.35
(2)

1.1 %

Total Group
Subscribers

251.5 million
subscribers

192.9
million
subscribers
(3)

30.4 %

251.5
million
subscribers

192.9
million
subscribers
(3)

30.4 %

UAE
Subscribers

16.5 million
subscribers

15.5 million
subscribers

6.4 %

16.5 million
subscribers

15.5 million
subscribers

6.4 %

(1)  Financial results of 2026 and comparative 2025 excludes Careem Technologies due to the deconsolidation after the partial sale of 12.5% stake.

(2)   Q2 2025 net profit & EPS adjusted for the impact of MT settlement, while H1 2025 net profit and EPS are adjusted for the impact of MT settlement and
the gain from sale of Khazna 

(3)  Adjusted for Maroc Telecom reported number

Commenting on the financial results, H.E. Jassem Mohamed Bu Ataba Alzaabi, Chairman of e& Group, said: “Our results today confirm that the Group is making steady progress towards leading the digital future. We have successfully navigated regional and global challenges with agility and turned these challenges into real opportunities for business growth. 

“Our financial performance in the first half of 2026 reflects the success of our strategy, which is built on the strength of e&’s core business portfolio, alongside our continued investments in technology infrastructure and advanced digital solutions. This has provided us with a solid foundation to sustain growth and reinforce our leadership across regional and international markets, as clearly demonstrated by consolidated revenue of AED 38.1 billion in the first half of 2026.

“The ongoing and rigorous assessment of our international investments is one of the key pillars through which we maintain e&’s financial strength and ensure the highest value and returns for shareholders. The completion of the sale of our stake in Vodafone in July 2026 generated AED 21.9 billion in cash proceeds and resulted in a net cash gain of AED 4.8 billion.

“Guided by the vision and support of the UAE’s wise leadership, e& will continue to play a role in shaping the digital landscape and advancing social and economic progress. We will continue to strengthen our position and explore new technological frontiers, building on solid foundations to drive long-term growth and strengthen our leadership as a trusted partner in enabling comprehensive digital transformation. We will also continue to deliver innovations that strengthen the UAE’s position on the global technology map.”

Masood M. Sharif Mahmood, Group Chief Executive Officer of e& Group, said: “Despite the recent regional and global challenges, e& demonstrated the strength of its operating model and its ability to adapt throughout the first half of 2026. We also achieved a consolidated net profit of AED 6.0 billion and EBITDA of AED 17.7 billion, with a strong margin of 46.5% while maintaining healthy cash flows. This financial performance was further supported by continued growth in the Group’s total subscriber base, which increased by 30.4% to reach 251.5 million subscribers.

“These results are a testament to our proactive risk management, the diversification of our portfolio across telecommunications and digital businesses, and the integration of innovative AI applications, this reinforces shareholder confidence in our ability to lead the digital future.

“Our strategy for long term growth is built on our ability to strengthen and improve our operating model, ensuring it remains responsive to regional and global shifts. This enables us to deliver strong returns that reflect disciplined capital management and flexibility in capital and asset rotation. Our strong financial position allows us to capture promising opportunities and continue developing future-ready digital infrastructure.

The Group Chief Executive Officer concluded: “e&’s greatest strength lies in its ability to ensure business continuity while delivering reliable digital services enhanced by advanced AI capabilities. e& maintained service continuity, strengthened network readiness, supported remote work and education ecosystems, and provided reliable digital infrastructure for individuals, businesses, and government entities. The Group has demonstrated its ability to fulfil its national and economic role, guided by the forward-looking vision of the UAE’s wise leadership.”

CONTACT: Nancy Sudheer, +971 50 705 5290, email: nsudheer@eand.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/e-reports-11-6-increase-in-consolidated-revenue-to-aed-38-1-billion-in-h1-2026–302838999.html

SOURCE e&

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Clarkson University Partners with Industry Executives to Launch Introduction to Manufacturing Seminar Course

Published

on

By

POTSDAM, N.Y., July 31, 2026 /PRNewswire/ — As manufacturers race to adopt artificial intelligence, strengthen supply chains and expand production, Clarkson University is giving students a front-row seat to the industry’s transformation through a new seminar course led by executives from some of the world’s leading manufacturing companies.

The new one-credit seminar, Introduction to Manufacturing, will launch during the fall 2026 semester through Clarkson University’s Center for Advanced Materials Processing (CAMP). The course will introduce students to the technical, business and strategic dimensions of modern manufacturing.

The weekly seminar is open to graduate students and upper-class undergraduates from all majors, including non-engineering disciplines. Members of the public are also invited to attend the lectures free of charge. Registration information is available on Clarkson’s Introduction to Manufacturing webpage.

The seminar will feature senior executives, CEOs, entrepreneurs, policymakers, and technology leaders who have helped shape industries ranging from semiconductors and aerospace to medical devices, consumer products, robotics, advanced sensors, and modular construction. Speakers will share insights into how products move from concept to commercialization, the challenges of leading complex manufacturing organizations, and the technologies transforming factories around the world.

“Manufacturing is evolving rapidly, and students entering the workforce and professionals need an understanding of both the technology and the business decisions that drive our industry,” said John Whitman, corporate vice president at Micron Technology Inc. “Clarkson’s Introduction to Manufacturing course creates an opportunity for students and professionals to hear directly from industry leaders about the challenges, opportunities and innovations shaping manufacturing today.”

Students and professionals will also explore manufacturing strategy, product development, operations, automation, artificial intelligence, smart manufacturing, supply chain resilience, digital transformation, quality systems, sustainability, workforce development, and the growing role of manufacturing in economic competitiveness and national security.

“Advanced manufacturing continues to be a major driver of New York’s economy, making workforce development more important than ever,” said Hope Knight, president, CEO and commissioner of Empire State Development. “Clarkson’s Introduction to Manufacturing course gives students and professionals valuable exposure to industry perspectives while helping prepare the next generation of talent that will support continued growth across the state’s manufacturing sector.”

The course will be taught and moderated by Fram Akiki ’86, president of Joun Technologies and a member of Clarkson University’s Board of Trustees. Akiki has more than 40 years of experience in the semiconductor industry, including executive leadership positions with IBM, Qualcomm and Siemens.

Featured speakers for the Fall 2026 seminar include:

Priya Abani ’97, CEO and president, AliveCor Inc.Greg Akiki ’82, senior director, GlobalFoundriesTom Capek P’15, senior vice president and chief engineer, Corning Inc.Hannah Henley ’10, president, INFICON Intelligent Sensor SolutionsBill Kleftis, CEO, Spartan Consulting ServicesSteve Landry, retired executive, TreeHouse Foods, The J.M. Smucker Co. and Procter & GambleHope Knight, president, CEO and commissioner, Empire State DevelopmentKen McAvey ’97, senior vice president and general manager, GlobalFoundriesRoland Menassa ’85, vice president of Manufacturing Technology, Skyline Champion Corp.Chris Monoski, executive vice president of Manufacturing, CACI International Inc.Elisabeth Reynolds, professor, Massachusetts Institute of Technology, and former White House National Economic Council officialAmy Villeneuve ’86, board director, advisor and former COO and president, Amazon RoboticsJohn Whitman, corporate vice president, Micron Technology Inc.

Introduction to Manufacturing is the third executive seminar series launched at Clarkson, following the success of Introduction to Semiconductors and Introduction to Energy and Utilities. Together, the courses connect students and professionals with industry experts while providing insight into emerging technologies, workforce trends and the challenges shaping critical sectors of the global economy.

For more information about Introduction to Manufacturing, visit the Clarkson Introduction to Manufacturing webpage

View original content to download multimedia:https://www.prnewswire.com/news-releases/clarkson-university-partners-with-industry-executives-to-launch-introduction-to-manufacturing-seminar-course-302840142.html

SOURCE Clarkson University

Continue Reading

Technology

Government of Canada renames Canada Impact+ Research Chairs program in honour of Eddie Goldenberg

Published

on

By

New name recognizes Mr. Goldenberg’s decades of leadership in advancing Canadian research and innovation

OTTAWA, ON, July 31, 2026 /CNW/ — Today, the Honourable Mélanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions, and the Honourable Marjorie Michel, Minister of Health, announced that the Canada Impact+ Research Chairs program has been renamed the Eddie Goldenberg Research Chairs of Canada.

The name change honours the late Eddie Goldenberg, a distinguished public servant and former chief of staff to Prime Minister Jean Chrétien, whose decades of leadership helped shape Canada’s modern research and innovation landscape. A passionate advocate of excellence and opportunity, Mr. Goldenberg recognized that attracting the world’s brightest minds was essential to Canada’s prosperity and global competitiveness. His commitment to strengthening Canada’s research ecosystem helped inspire the ideas and collaborations that continue to attract exceptional talent to Canada today.

Working alongside the Right Honourable David Johnston, former Governor General of Canada, and Dr. Alan Bernstein, Mr. Goldenberg helped play a pivotal role in advancing the Canada Global Impact+ Research Talent Initiative, launched in December 2025 as part of a $1.7 billion investment announced in Budget 2025. The initiative reflects a conviction that guided Mr. Goldenberg throughout his life and career: that Canada’s greatest strength lies in the talent, ideas and ambition of its people.

At the heart of this investment is the Eddie Goldenberg Research Chairs of Canada, which will provide up to $1 billion over 12 years to support Canadian post-secondary institutions in recruiting exceptional international researchers and expatriate Canadian researchers leading transformational research projects. These chairs will help ensure that the next generation of researchers, innovators and leaders have the opportunity to build their futures in Canada and contribute to discoveries that will benefit people across the country and around the world.

By honouring Eddie Goldenberg in this way, we recognize not only his extraordinary contributions to public service but also his lifelong commitment to building a stronger Canada–one that attracts the best and brightest, supports bold ideas and believes in the power of knowledge to shape a better future.

Quotes

“Eddie Goldenberg devoted his life to advancing Canada’s ambitions and strengthening our place in the world. His vision and unwavering belief in the power of research, innovation and talent helped shape the institutions and investments that continue to fuel our country’s success. Renaming our world-class international research chairs program in his honour is a fitting tribute to his extraordinary legacy and a commitment to carrying his vision forward by inspiring the next generation of global research leaders to choose Canada.”
– The Honourable Mélanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions

“Research is one of Canada’s greatest strengths. Throughout his career, Eddie Goldenberg helped foster an environment where bold ideas could grow into lasting impact. The renaming of this program honours his contributions to strengthening Canada’s research ecosystem and advancing discovery.”
– The Honourable Marjorie Michel, Minister of Health

Quick facts

The Eddie Goldenberg Research Chairs of Canada remains the centrepiece of the Canada Global Impact+ Research Talent Initiative. The names of the initiative’s other three programs remain unchanged:Canada Impact+ Emerging Leaders programCanada Impact+ Research Infrastructure FundCanada Impact+ Research Training AwardsAll four programs under this initiative will continue to operate under the same objectives, eligibility criteria, and terms and conditions.After a career spanning more than three decades in public policy and public affairs, Eddie Goldenberg served as chief of staff to Prime Minister Jean Chrétien in 2003.In 2013, Mr. Goldenberg was appointed a Member of the Order of Canada in recognition of his contributions to public policy in Canada and his championing of innovation and research excellence.

Stay connected

Find more services and information on the Innovation, Science and Economic Development Canada website.

Follow Innovation, Science and Economic Development Canada on social media.
X (Twitter): @ISED_CA | Facebook: Canadian Innovation | Instagram: @cdninnovation | LinkedIn: Innovation, Science and Economic Development Canada

SOURCE Innovation, Science and Economic Development Canada

Continue Reading

Technology

In HelloNation, Prescription Savings Expert Carl Stecker Outlines How to Lower Prescription Costs Without Insurance

Published

on

By

Uninsured Patients Have More Tools to Reduce Prescription Drug Costs Than Many Realize, From Generics to Patient Assistance Programs.

GREENVILLE, S.C., July 31, 2026 /PRNewswire/ — How can people without health insurance lower what they pay for prescription medications? A HelloNation article details practical strategies for reducing prescription costs without insurance, walking through options from generic medications and pharmacy price comparison to community health resources and manufacturer assistance programs.

The article starts with generic medications as the first and most accessible option for uninsured patients. A generic drug contains the same active ingredient as its brand-name equivalent and must meet the same safety and effectiveness standards set by the Food and Drug Administration. Prices for generic medications are typically far lower than brand-name versions, sometimes by 80 percent or more, making this one of the most immediate ways to reduce what a patient pays at the pharmacy.

Pharmacy price comparison is described in the article as one of the most effective steps uninsured patients can take. Prescription drug prices are not fixed across all pharmacies, and the same medication can cost significantly different amounts depending on where it is purchased. Online price comparison tools allow patients to search for a specific drug and see what multiple pharmacies in their area charge, with some patients finding savings of 50 percent or more by filling a prescription at a different nearby location.

Discount prescription programs are also highlighted as a widely available resource that does not require insurance enrollment. Prescription Savings Expert Carl Stecker’s work aligns closely with this part of the article, which explains that patients can present a discount card or use a smartphone app at the pharmacy counter to receive a reduced price, sometimes lower than what insured patients pay through their own coverage. Many of these programs are free to join and accepted at thousands of pharmacies nationwide.

The article encourages patients to speak openly with their pharmacist about cost, noting that this step is often overlooked. Pharmacists are knowledgeable about pricing options and may be aware of discounts, alternative formulations, or therapeutic substitutes that a physician has not mentioned. In some cases, a pharmacist can contact a prescribing doctor to discuss whether a lower-cost alternative would work just as well for the patient.

Pharmaceutical manufacturers offer patient assistance programs for many brand-name drugs, the article notes. These programs are designed to help people who cannot afford their medication, particularly those who are uninsured or who have exhausted other options. Many programs provide medications at no cost or at a significantly reduced price to qualifying patients, with information typically available through the drug manufacturer’s website or through a pharmacist.

Federally qualified health centers and community health clinics are identified as another resource for patients without insurance. These facilities serve patients on a sliding fee scale based on income and many have arrangements with local pharmacies to provide medications at discounted prices. Some states also operate their own pharmaceutical assistance programs for residents who meet income and eligibility requirements.

The article concludes by emphasizing that managing prescription costs without insurance takes effort but that real options exist at every step of the process. From the doctor’s office to the pharmacy counter, Prescription Savings Expert Carl Stecker’s perspective reinforces the article’s message that asking the right questions is one of the most reliable ways to keep medication costs manageable for uninsured patients.

How to Lower Prescription Costs When You Do Not Have Insurance features insights from Carl Stecker, Prescription Savings Expert of Greenville, South Carolina, in HelloNation.

About HelloNation

HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused digital publications and innovative “edvertising” approach, HelloNation delivers expert-driven, good-news content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

www.hellonation.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/in-hellonation-prescription-savings-expert-carl-stecker-outlines-how-to-lower-prescription-costs-without-insurance-302840150.html

SOURCE HelloNation

Continue Reading

Trending