SME Times is powered by
CBDT signs 11 advance pricing agreements, 40 more in offing
Austria registers continued GDP growth in Q3
British GDP growth up 0.5 percent in Q3
Gold down on strong US dollar
German engineering services firm to expand India operations
17 Dec, 2012
Dubai telecom firm bags $100-mn loan
Govt. likely to do away with exemptions for industry: Jayant Sinha
World wants cost and quality competitive products, FM tells exporters
'All support to make manufacturing globally competitive'
Inflation in negative for 12th month in a row at (-)3.81 pc in Oct
India's share in world GDP increasing consistently: PHD Chamber
Staff Reporter | 17 Dec, 2012
Dubai telecom operator Du has secured a $100-million loan from the Singapore-based DBS bank in order to upgrade its network performance.
The Emirates Integrated Telecommunications Company, better known as Du, has signed the agreement with DBS bank, Xinhua reported Sunday.
Du's chief executive Osman Sultan said the money will be used to buy equipment from Huawei Technologies, a Chinese telecom company based in Shenzhen.
Du, founded in February 2007, is the second telecom operator of the United Arab Emirates and shares the UAE market with Abu Dhabi-based leader Etisalat in a duopoly.
In the third quarter, Du posted a 34-percent year-on-year rise in net profits amounting to 326.9 million dirhams (about $89 million).
Print the Page
Add to Favorite
Share this on :
Please comment on this story:
(Maximum 1500 characters)
Customs Exchange Rates
As on 28 Nov, 2015
Will market regulator's plan to simplify start-ups' listing help SMEs?
Starting an import export business: Basic guide for beginners
Govt mulls 'Online Udyog Aadhaar Form' to ease SME registration
Centre working on plan to incentivise industry: Official
Exports sops welcome, but not enough
Govt approves interest equalisation scheme for MSME exporters
Advertise with Us
Terms and Conditions
Follow Us :