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Timeframe: How Dubai Holding has been driving the emirate's growth for 19 years

Timeframe: How Dubai Holding has been driving the emirate's growth for 19 years
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Goldman Sachs – Channel EYE

Goldman Sachs – Channel EYE
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Tourism game changers in Dubai

Tourism game changers in Dubai
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Du to continue investing in core areas to support pandemic-led communications boom

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Emirates Integrated Telecommunications Company – also known as du – will continue to inject capital into strengthening its network and its digital transformation to build capacity for a pandemic-led communications boom.
The UAE s second-biggest telecoms operator has committed 19.7 per cent of its quarterly revenues to capital expenditure on an ongoing basis, Fahad Al Hassawi, acting chief executive of EITC, said.
Focus areas for investment include digital transformation, core network improvements and a 5G rollout.
“Digital transformation was always our priority but the pandemic has accelerated our focus and the pace of momentum,” Mr Al Hassawi, told
The National in an interview. ....

United Arab Emirates , Fahad Al Hassawi , Abu Dhabi , Al Hassawi , Alkesh Sharma , Emirates Investment Authority , Emirates Integrated Telecommunications Company , Mubadala Investment Company , Emirates International Telecommunications , Dubai Media City , ஒன்றுபட்டது அரபு அமீரகங்கள் , அல்கேஷ் ஷர்மா , அமீரகங்கள் முதலீடு அதிகாரம் , அமீரகங்கள் ஒருங்கிணைந்த தொலைத்தொடர்பு நிறுவனம் , அமீரகங்கள் சர்வதேச தொலைத்தொடர்பு , துபாய் மீடியா நகரம் ,

Telecom company du's Q1 net profit slips

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Emirates Integrated Telecommunications Company, also known as du, reported a 27 per cent drop in its first-quarter net profit this year.
The company declared a net profit of Dh257 million ($69.9m) during the first quarter, compared with Dh355m in the same period last year, du said in a statement on Tuesday to the Dubai Financial Market, where its shares trade.
However, net profit for the January-March period more than quadrupled against the fourth quarter of 2020, on the back of an improving economy, the company said.
The UAE s second-biggest telecoms operator s revenue slid almost 3.6 per cent annually to Dh2.8 billion. On a quarterly basis, it surged 5.2 per cent. ....

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