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The president said this at a televised meeting with security officials on updating the country's nuclear deterrence doctrine
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UAE's Etisalat posts 19 percent surge in profits in 2008
DUBAI - The main telecoms operator in the United Arab Emirates, Etisalat, posted Thursday a 19 percent increase in its net profits in 2008.
The government-owned giant said net profits jumped to 8.7 billion dirhams (2.4 billion dollars) over 7.297 billion dirhams (1.99 billion dollars) in 2007, according to preliminary results.
Net profits in the fourth quarter of 2008 surged 18 percent to 2.1 billion dirhams (0.6 billion dollars), it said in a statement.
Total assets also increased by 18 percent to 62.1 billion dirhams (16.9 billion dollars).
Etisalat, one of the Middle East's largest companies by market value, operates in major markets including Egypt and Saudi Arabia, and also has stakes in telecommunications operators in Africa and Asia.
It announced earlier this month winning with an Iranian company the licence to operate Iran's third mobile telephone network.
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