Emirates Integrated Telecommunications Company (EITC) boasted on Monday significant progress, revealing a net profit of $65.4 million in the second quarter of this year in contrast to its $58.5 million recorded at the same time last year. EITC has officially witnessed an 11 percent year-on-year (YoY) increase in net profits for the second quarter of 2021. The UAE telecom industry is primed for growth, as Emirates Integrated Telecommunications […]
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Imagine you arrive to The United Arab Emirates, expecting heatwaves and a humid climate. Seconds after stepping foot into what is supposed to be a desert climate, unforeseen raindrops appear on the side of the road. This year has definitely not been short of surprises. It would have been a common weather experience in countries based in Southeast Asia. However, this is the UAE, in the height of its summer season […]
Over the next five years, the UAE will witness a digital transformation to its economy as the country launched The National Program for Coders on Saturday. The initiative offers golden visas to 100,000 coders, as well as code training with tech giants. The UAE is going the extra mile to attract the best coders from around the globe, while offering them with the basis needed to develop innovative tech ideas. IT specialists and […]
UAE-based telco Etisalat partnered up on Wednesday with Swedish telecoms vendor Ericsson through a global 5G program that is designed to help communications service providers (CSPs) accelerate 5G commercialization and monetization. Ericsson’s program seeks to foster innovation around 5G technologies between startups and Etisalat to mutually create new business opportunities in the market. Through this collaboration, Etisalat will receive a list of companies that develop services, devices, and applications […]
The UAE’s Central Bank announced on Monday plans to rollout a new digital currency in accordance with its monetary 2023-2026 strategy, according to the state-run WAM news agency. However, while the report surfaced for a short period of time, the state-run news agency had pulled it from its platform for unknown reasons. In preparation for the digital […]
UAE-based telecoms provider Etisalat announced on Thursday that it has started developing and looking 6G via conducting research, developing international standards, and R&D, the company said during the Mobile World Congress in Barcelona. Haitham Abdulazzak, Chief Technology Officer, Etisalat shared these insights during his address at the session titled “Setting the roadmap to 6G” at […]
Cryptocurrency has dominated worldwide headlines, taken over the minds of basically every tech enthusiast, FinTech genius, business, and global governments across the spectrum. Everyone is either buying it, investing in it, or mining it; through rise and fall, people are in full swing with crypto wallets popping up as far as the finger can scroll. […]
Dubai-based telco du announced Tuesday that is has raised a long-term debt finance of almost one billion dollars from a consortium of banks, as it looks to heavily grow and expand within the 5G market. According to operator, the debt will be split a $539 million five-year revolving credit facility and a $484 million seven-year […]
The UAE’s Telecommunications and Digital Government Regulatory Authority (TDRA) announced on Monday a new brand identity that reflects its organization of the telecoms sector. The announcement – which was made in a virtual press conference – is in line with a decree published in September 2020 including the addition of the “digital government” to its […]
The Central Bank of the UAE (CBUAE) conducted on Sunday a first-of-its-kind cyberattack simulation exercise designed to test the resilience of the country’s banking sector against cyber threats. “The exercise affirms CBUAE’s preparedness to prevent or mitigate cyber threats that may cause disruptions to the UAE’s economy and financial stability,” a statement by CBUAE explained. […]