Etisalat on youtube

I found this on youtube recently about Etisalat...



I think it's completely distasteful to the engineers that designed the tower, and to the workers that built it, and to the numerous guys that work to maintain it.. and of course a big insult to one of the most beloved companies in the UAE - Etisalat.

Completely wrong, I think they should block this video! Disgusting!

PS: now that the egyptian cable has been fixed, you can appreciate this disgusting video even more.

Etisalat Press

Well well well, the Q1 results for 2010 are out and Etisalat has made just under 2 billion dirhams in profits.
This is an offensively large amount of money especially for a small country (UAE has about 5 million people) that is going through a recession of sorts.

If this performance continues all through the year, and you cut a bit off for inefficiencies and what not, you will get a grand profit of about 7 bn dirhams a year! Just to clarify that's about $2bn! This qualifies Etisalat in my opinion to practically print money for its shareholders. It's a printing press, plain and simple.

To get an idea what this money could do, 7 bn shared over the whole UAE population would mean each one of us gets a handsome 1400 Dhs a year.. this equates to about the price of a good mobile phone. Now since it's only possible for Emaratis to buy Etisalat shares, we can safely assume that only Emaratis will profit from their profit.

So, for every Emarati there are 4 expats, this means that each one of us gets 5600 Dhs.. which could handsomely cover my annual fuel bill for my gas guzzling V8 SUV and bike, and this includes the coming 10-15% hike in prices.



http://online.wsj.com/article/BT-CO-20100418-703266.html?mod=WSJ_World_MIDDLEHeadlinesMideast