• Most Popular
  • Most Shared

UAE's Etisalat to see more profit from foreign ops

Thu Apr 17, 2008 8:01am EDT

DUBAI, April 17 (Reuters) - Emirates Telecommunications Corp ETEL.AD (Etisalat), the largest Arab telecom company by market value, said foreign operations will contribute more to profit this year as its United Arab Emirates home market matures.

Operations in countries such as Saudi Arabia, where Etisalat has a stake in the one of two mobile phone operators, will lead the diversification of revenue, Chief Executive Officer Mohammed al-Qamzi told Reuters on Thursday, after the company said it posted a record profit on more mobile phone users in the UAE.

Profit growth this year will exceed 15 percent, Qamzi said. (Reporting by James Cordahi; Editing by John Irish)



More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    PICTURES
    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    Oddly Enough
    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

    Global Markets