SME Times is powered by   
Search News
Just in:   • President roots for lower, acceptable, stable interest rate  • Textiles Minister asks ATIRA to devise a scheme for benefit of SMEs  • Trump sworn-in; Modi, Mukherjee congratulate new Prez of US  • MSME Ministry signs MoU with IORA member countries  • China GDP falls to 26-year low 
Last updated: 17 Dec, 2012  

Dubai.9.Thmb.jpg Dubai telecom firm bags $100-mn loan

Dubai.9.jpg
   Top Stories
» President roots for lower, acceptable, stable interest rate
» Textiles Minister asks ATIRA to devise a scheme for benefit of SMEs
» Trump sworn-in; Modi, Mukherjee congratulate new Prez of US
» MSME Ministry signs MoU with IORA member countries
» 'India can boost exports by $5.5 bn by cutting trade costs'
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:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
68.65
67.00
UK Pound
86.50
83.75
Euro
72.45
70.00
Japanese Yen 58.75 56.85
As on 21 Jan, 2017
  Daily Poll
Do you see a corporate tax cut in coming Budget?
 Yes
 No
 Can't say
  Commented Stories
» Reforms hold key to growth(20)
» Starting an import export business: Basic guide for beginners(4)
» 'Worse is yet to come'; Manmohan takes on Modi(3)
» Will India and China fight a war again?(1)
» Govt mulls 'Online Udyog Aadhaar Form' to ease SME registration(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter