We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

Latest News

Ringing it in

Ringing it in

Telecom operators in the UAE have weathered the crisis well, and now seem set for further growth.


October 19, 2009 1:34 by

In the second quarter of the year, du saw revenues of AED1.3 billion, up 12 percent from the previous quarter and up 44 percent from the same period in 2008. Its net profit for the quarter reached AED115 million, up from AED47 million in the first quarter of 2009, though this was a drop of AED44 million against the second quarter of 2008.

The country’s telecom industry has ridden out the financial storm well; according to Al Mal Capital, the sector is expected to reach AED9.72 billion in value in 2009. However, the Telecommunications Regulatory Authority (TRA) has rejected a market study that argued the case for a third telecom operator in the UAE.

Mohamed al-Ghanim, the TRA’s director general, told Maktoob Business that the study was conducted before the crisis hit the region. “This study has to be completely abolished and a fresh one has to be made,” he said. “After the crisis we had to go and revisit all the variables.”

With rising mobile and internet penetration in the country (according to a research report by Reportlinker, the number of mobile subscribers is expected to grow at a rate of more than 7 percent  during 2009-2012) and no immediate threat of a third telecom operator, it seems both Etisalat and du have their numbers going in the right direction.

Pages: 1 2 3


Tags: , , , , , ,

Leave a Comment