Etisalat and du power UAE telecom infrastructure to top billing in region

Abu Dhabi: The UAE was ranked first in the Gulf and wider region on its telecom infrastructure, according to the UN e-government survey. It was ranked second in Asia in the same rankings. “The TRA (Telecom Regulatory Authority) has developed plans and strategies that contribute to strengthening the telecommunications sector infrastructure, out of its belief […]

Etisalat shows COVID-19 immunity with Dh4.6b in first-half 2020 net profit

Abu Dhabi: The Etisalat Group had net profits of Dh4.6 billion for the first-half of 2020, with the numbers showing immunity that swept other businesses in the country. The telecom giant pulled out a 3 per cent growth year-on-year. It had consolidated revenues of Dh25.6 billion, with consolidated EBITDA (earnings before interest, taxes, depreciation and […]

Ebay sells classifieds business to Norway’s Adevinta in $9.2 billion cash-share deal

Ebay sells classifieds business to Norway’s Adevinta in $9.2 bln deal OSLO: Ebay has agreed to sell its classified ads business to Norwegian group Adevinta in a cash share deal worth $9.2 billion, the companies said on Tuesday. Ebay will receive $2.5 billion in cash and 540 million shares of Adevinta, making it the largest […]

How to deal with international arbitration in maritime during pandemic

In conversation with Richard Briggs, Executive Partner at Hadef & Partners and Vice Chairman at EMAC Covid-19 has impacted all industries and every aspect of our lives. What is the extent of impact of the pandemic on international arbitration? International arbitration can proceed through the pandemic and much of international arbitration is now online. While […]

Private education sector contributes Dh18 billion to Dubai economy

Dubai: The private education sector in Dubai contributes Dh18 billion to the emirate’s economy, according to a report by the Knowledge and Human Development Authority (KHDA). The report was placed at the Strategic Affairs Council meeting chaired by Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler and First Deputy Chairman of The Executive Council […]

Etisalat rings in 3% gain in first-half 2020 net profits to Dh4.6b

Abu Dhabi: The Etisalat Group had net profits of Dh4.6 billion for the first-half of 2020, with the numbers showing immunity that swept other businesses in the country. The telecom giant pulled out a 3 per cent growth year-on-year. It had consolidated revenues of Dh25.6 billion, with consolidated EBITDA (earnings before interest, taxes, depreciation and […]

UAE Maritime industry: Steering through the coronavirus crisis with resilience

The maritime industry has been hit hard by the coronavirus crisis. A plunge in trade and output, a change in freight rates owing to demand shock for containerised goods, and restrictions imposed by governments around the world on repatriation and crew changes are just some of the ways that the pandemic is adding even more […]