Abu Dhabi / Emirates Business Etisalat group on Wednesday announced its consolidated financial statement for the third quarter of this year ending on September 30. The company reports six per cent increase in profit to AED2.4 billion in third quarter and said its group’s revenue stood at AED13 billion during period with 149 million subscribers. In the third quarter, consolidated ...

Abu Dhabi / WAM National Central Cooling Company (Tabreed) on Wednesday announced that it has successfully raised AED1.8 billion with a 7-year, 2.5% coupon bond issuance. With orders coming from around 140 high quality local and international investors, the issuance was oversubscribed almost 5 times at its initial size of $400 million, demonstrating strong investor confidence in Tabreed’s solid credit ...

Dubai / WAM The Federal Authority for Government Human Resources has announced that Thursday, October 29, will be a public holiday for federal government employees to mark the birthday of the Prophet Mohammed. A circular issued by the Federal Authority for Government Human Resources on Wednesday added that work will resume on Sunday, November 1.