Etisalat Partners with Arabian Business for 3-Days of conferences and Events

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Abu Dhabi

, 22 November 2011

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Etisalat has announced its sponsorship of 3-days of events organized by Arabian Business. As a result of this partnership, Etisalat is participating as Diamond partner for the Arabian Business Achievement Awards, the Arabian Business Conference and the Arabian Business Women’s Forum which is taking place at the Armani Hotel in Dubai this week.

Group Senior Vice President of Corporate Communications, Ahmed bin Ali, represented Etisalat Group at the Arabian Business Conference, where he participated in a senior panel on the state of the global economy and its impact of foreign investment.

Bin Ali elucidated thattelecom markets developments are fundamental to the promotion of successful and sustainable economies around the world. Sound and efficient investments can ensure that resources are allocated where they are most productive,telecoms today play a critical role to create a reliable infrastructure so that businesses can operate effectively. Etisalat has already invested in advanced networks across its markets, providing access to the latest technologies and services for customers and business. For example Etisalat recently launched its fourth generation mobile network in the UAE. It is considered one of the first telecommunications operators in the world to complete this technological achievement which enhances the country’s global position in terms of providing advanced telecommunication services.

Bin Ali added: “Investment has always required great skill and strategy to overcome the many risks. Today, the opportunities are still there if you have the resources and a sophisticated approach that is robust and meets the challenges of today’s market. Etisalat continues to be in a strong position, with cash reserves, financing agreements with our vendor partners, excellent credit ratings and positive relations with local and global banks.

This provides us the opportunity to explore and participate in any good opportunity that may arise.”

Walid Akawi, CEO of ITP said: “Despite the great challenges that the global economy faces today, there remain opportunities for those who have adopted sophisticated and robust investment practises. In this regards we are delighted to partner with Etisalat who have consistently shown they have the expertise to grow strongly even in the face of the current environment. They are a blue chip example of how a regional and international should develop and we are delighted to welcome their participation at this year's event”

Etisalat has continued its international expansion programme through recent years, exploring possible mergers with regional peers and also, completing transactions which saw it increase its ownership of its existing assets.

Etisalat today services over 140 million subscribers across 18 of the world’s fastest growing markets.

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