VOL. XLI

No. 10

9-March-1998

UAE

Etisalat Reports Record Profits

Etisalat, the UAE telecommunications company, said on 3 March that it had increasedprofits to a record Dh1.85bn ($504mn) in 1997 compared to Dh1.7bn ($463mn) in 1996, anincrease of 9%. Total revenues increased by 12% in 1997 to Dh4.13bn ($1.1bn). The resultswere announced by Etisalat's Chairman and the UAE's Minister of Communications, Mr AhmadHumaid al-Tayir, following a board meeting in Abu Dhabi. The record profits resulted...