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Eissa al-Suwaidi

Ouster of Etisalat chairman may herald foreign strategy shift

When Gulf telecommunications giant Etisalat replaced its veteran chairman last week, he became the latest casualty of a multi-billion dollar foreign expansion which has failed to translate into profits and may prompt the firm to sell overseas assets to offset a decline in income.

July 12, 2012 1:00

UAE overhauls Etisalat board after profit slump

Eissa al-Suwaidi named chairman, replacing Mohammad Omran; Abu Dhabi ruler also appoints six new directors; Omran was Etisalat's chairman since 2005

July 3, 2012 5:22