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UAE's e& records $2.8bn profit for 2023; revenue hits $14.6bn

Leading UAE telecom company e& has delivered a solid performance for FY 2023 with a consolidated net profit of AED10.3 billion, up 3% over the previous year, thanks mainly to the strong growth in subscriber base which soared to hit more th

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e& posts robust Q3 results; revenue surges to $3.6bn

UAE's leading telecom services company e& has recorded solid results for the third quarter, with its consolidated revenues surging to AED13.4 billion ($3.6 billion), registering a year-on-year increase of 3.3%. &nb

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5.7m employees subscribe to Unemployment Insurance

Some 5.73 million employees have subscribed to the Unemployment Insurance Scheme since its launch on January 1, 2023, the UAE Ministry of Human Resources and Emiratisation (MoHRE) has revealed. This includes more than 5.6 million subscribers i

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5.7m employees subscribe to Unemployment Insurance

Some 5.73 million employees have subscribed to the Unemployment Insurance Scheme since its launch on January 1, 2023, the UAE Ministry of Human Resources and Emiratisation (MoHRE) has revealed. This includes more than 5.6 million subscribers i

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EITC’s Q3 net profit up 12.7% to hit $86.8 million

Emirates Integrated Telecommunications Company (EITC) has posted a net profit of AED319 million ($86.8 million)  during the third-quarter (Q3) of the year, marking an increase of 12.7% on sustained demand for broadband and mobile services.

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Etisalat reports $1.28bn consolidated net profit for H1

UAE-based Etisalat Group has reported a consolidated net profit after Federal Royalty of AED4.7 billion ($1.28 billion) for the first-half (H1) of the year, representing a year over year (YoY) increase of 3.9% and resulting in a net profit margi

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UAE telecom subscribers top 21.8m in August

The number of subscribers in telecommunications services in the UAE, including mobile phones, landlines and Internet, grew to 21.808 million by the end of August, 1 percent up compared to the preceding month. The latest st

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Etisalat Group Q1 revenues up 1pc to top $3.5bn

UAE-based Etisalat Group has posted consolidated revenues of Dh13.1 billion ($3.56 billion) for the first quarter (Q1) of 2020, representing a year over year increase of 1 per cent. Consolidated net profit after Federal Royalty am

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Etisalat posts consolidated net profit of $2.36bn

UAE-based telecom group Etisalat has reported a consolidated net profit of Dh8.7 billion ($2.36 billion) for 2019 an increase of 1 per cent compared to the previous year, while consolidated revenues reached to Dh52.2 billion. The

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Telematics subscribers ‘to reach 340m by 2024’

The number of telematics service subscribers using embedded systems will grow at a compound annual growth rate (CAGR) of 27.1 percent from 80.4 million subscribers at the end of 2018 to 339.3 million subscribers at the end of 2024, a report said

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