Daily Archives: August 6, 2017

Etisalat’s goodwill value amounts to AED14.65 billion in 2017

ABU DHABI — The value of Etisalat’s goodwill has risen to AED14.65 billion during 2017 from AED14.09 billion in the corresponding period in 2016.

The growth reflects the company’s resounding success in keeping its eminent position as a leading entity in the communications sector, not only in the UAE only but also in the Arabian Gulf and Middle East region as well.

The goodwill of a company takes into account the brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology it owns, and as per accounting criteria, a rise in its goodwill value is a sign of a company’s highly competitive edge and its ability to secure decent gains and profits.

According to official data released by the telecommunications giant, its total assets rose to AED124.5 billion during , 1.6 percent growth from the same period last year when they stood at AED122.5 billion.

Etisalat is one of the best performimg listed companies attracting investments, with biannual dividends amounting to around 40 percent of its capital; lucrative returns which explain the increasing demand for its shares.

A close look at July trading shows that Etisalat was among the best performers in terms of share purchases by overseas investors, amounting to 112.5 million of its shares, which closed on a high note of AED18.75 by the end of July trading.

Source: Emirates News Agency

We will remain committed to Zayed’s philanthropy, wisdom: Sultan Bin Zayed

ABU DHABI — H.H. Sheikh Sultan bin Zayed Al Nahyan, the President’s Representative, has expressed sincere appreciation of the directives made by President His Highness Sheikh Khalifa bin Zayed Al Nahyan to set 2018 as the “Year of Zayed”.

In a word marking the occasion, H.H. Sheikh Sultan said, “It is not strange to find this sense of loyalty displayed by President His Highness Sheikh Khalifa bin Zayed Al Nahyan, his brothers, the rulers of the emirates, and by the UAE people as a whole, to a man whose acts of wisdom and philanthropic work are widespread across the entire globe. Memories of Late Sheikh Zayed are and will remain indelible in our hearts as his noble legacy will continue to remain alive in every detail in our life. His contributions are too colossal to be numerated and the material and spiritual legacy he left behind are too precious for evaluation.”

H.H. Sheikh Sultan added, “Each one of the Emirati people cherishes part of the late founding father’s traits, including love of charity, righteousness, benevolence and courage. Setting a year for commemorating his birth is a symbol that embodies the feelings of love and gratitude we all cherish for a man who made history in his own homeland and in the entire world- a man who challenged difficulties and left no stone unturned to serve his homeland and his countrymen, a man whose noble acts have earned him the epithet of the Wiseman of all Arabs.”

Source: Emirates News Agency

We will remain committed to Zayed’s philanthropy, wisdom: Sultan Bin Zayed

ABU DHABI — H.H. Sheikh Sultan bin Zayed Al Nahyan, the President’s Representative, has expressed sincere appreciation of the directives made by President His Highness Sheikh Khalifa bin Zayed Al Nahyan to set 2018 as the “Year of Zayed”.

In a word marking the occasion, H.H. Sheikh Sultan said, “It is not strange to find this sense of loyalty displayed by President His Highness Sheikh Khalifa bin Zayed Al Nahyan, his brothers, the rulers of the emirates, and by the UAE people as a whole, to a man whose acts of wisdom and philanthropic work are widespread across the entire globe. Memories of Late Sheikh Zayed are and will remain indelible in our hearts as his noble legacy will continue to remain alive in every detail in our life. His contributions are too colossal to be numerated and the material and spiritual legacy he left behind are too precious for evaluation.”

H.H. Sheikh Sultan added, “Each one of the Emirati people cherishes part of the late founding father’s traits, including love of charity, righteousness, benevolence and courage. Setting a year for commemorating his birth is a symbol that embodies the feelings of love and gratitude we all cherish for a man who made history in his own homeland and in the entire world- a man who challenged difficulties and left no stone unturned to serve his homeland and his countrymen, a man whose noble acts have earned him the epithet of the Wiseman of all Arabs.”

Source: Emirates News Agency

Year of Zayed will celebrate values promoted by late Sheik Zayed: Sultan Al Jaber

ABU DHABI — Dr. Sultan bin Ahmad Sultan Al Jaber, Minister of State and Chairman of the Board of Director of National Media Council, NMC, has affirmed that the declaration of President His Highness Sheikh Khalifa bin Zayed Al Nahyan for 2018 to be the Year of Zayed reflects the desire of the wise leadership to preserve the legacy of the late Sheikh Zayed bin Sultan Al Nahyan, who aspired to strengthen values of righteousness and giving, and build a nation that invests in its people and can foresee the future.

“The Year of Zayed is an opportunity to learn from the journey of wisdom and giving of the founder of the nation, to teach our sons and daughters about his journey and enable them to benefit and continue reaping the rewards. The values that the late Sheikh Zayed was keen to promote are derived from the tolerance of the Islamic religion, which encourages people to assist humanity.”

Dr. Sultan noted that the UAE’s prominent international position is a result of the great achievements made by Sheikh Zayed, and the wise leadership is continuing to follow his path. All UAE nationals and residents also have the responsibility of continuing to promote these positive values.

“The Year of Zayed will highlight the nation’s pride in the journey of the late Sheikh Zayed bin Sultan Al Nahyan, who had left a clear mark on the UAE’s journey of success. The wise leadership is continuing to foresee the future, and it remains the duty of the people to continue building for future generations, in the same manner as their predecessors.”

He added that the Year of Zayed is an opportunity for the UAE’s people to express their loyalty to the UAE and the wise leadership, as well as to display their efforts to continue the journey of the founding father.

Source: Emirates News Agency