A view of the Etisalat office building. File/ WAM
Etisalat’s pioneering efforts in 5G will pave the way for the ‘Future of Connectivity’ with innovation and digital transformation, says Hatem Bamatraf, Chief Technology Officer, Etisalat International at 5G Mena 2019 in Dubai, at which Bamatraf was the keynote speaker.
Etisalat Group on Tuesday announced that its consolidated revenues amounted to Dhs13 billion and consolidated net profit after Federal Royalty amounted to Dhs2.2 billion representing a year over year (y-o-y), increase of five percent and resulting in a net profit margin of 17 per cent.
In a landmark development, Etisalat has become the first mobile operator in Mena to provide 5G coverage inside an international airport. The Midfield Terminal Building (MTB), Abu Dhabi’s new international airport,
The Bank of Japan (BOJ) on Tuesday upgraded its growth forecast for the world’s third-biggest economy but kept its monetary policy unchanged.
India’s growth rate is expected to shoot up from the estimate of 4.8 per cent for the current fiscal year by 1 per cent to 5.8 per cent in 2020-21. The International Monetary Fund’s Chief Economist Gita Gopinath
Many investors are eyeing to acquire stake in ailing Malaysia Airlines. Proposals to invest in Malaysia Airlines include one from Air France-KLM, which wants as much as 49% while Japan Airlines is looking at a 25% stake, people with knowledge of the matter said.
Uber, the multinational ride hailing application, has sold its online food-ordering business in India to local rival Zomato in exchange for a 9.99 per cent stake in the startup. The deal is reportedly worth over $350m or close to Rs2,500 crore. Zomato is backed by China's Ant Financial.