UAE telecoms operator e& posts 7% rise in 2022 profit

The UAE’s biggest telecoms operator e& — formerly known as Etisalat — reported a nearly 7.4 per cent rise in 2022 profit, despite revenue falling 1.7 per cent.

Profit attributable to the owners of the company in the January-December period jumped to Dh10 billion ($2.72 billion), e& said in a preliminary results statement to the Abu Dhabi Securities Exchange, where its shares are traded.

The company’s revenue during the period reached Dh52.4 billion.

Operating profit surged almost 1 per cent annually to more than Dh12.9 billion, and earnings per share reached Dh1.15, a surge of almost 7.5 per cent.

The company did not disclose its fourth-quarter earnings in the preliminary results.

Abu Dhabi-based e& was founded in 1976 and is the UAE's oldest telecoms company. It has operations in about 16 countries across the Middle East, Asia and Africa, serving more than 156 million customers.

Last February, e& rebranded as it sought to transform into a global technology investment conglomerate.

The company provides innovative digital solutions, smart connectivity and next-generation technology to a variety of customer segments through its business pillars — etisalat by e&, e& international, e& life, e& enterprise and e& capital.

In November, e& launched a $250 million venture capital fund as part of its new investment unit, e& capital, to support the tech start-up ecosystem. The e& capital VC fund will seek to attract, engage and support start-ups and provide them with access to investor and expert networks.

How to get there

Emirates (www.emirates.com) flies directly to Hanoi, Vietnam, with fares starting from around Dh2,725 return, while Etihad (www.etihad.com) fares cost about Dh2,213 return with a stop. Chuong is 25 kilometres south of Hanoi.

Kathryn Hawkes of House of Hawkes on being a good guest (because we’ve all had bad ones)

Arrive with a thank you gift, or make sure you have one for your host by the time you leave.
Offer to buy groceries, cook them a meal or take your hosts out for dinner.
Help out around the house.
Entertain yourself so that your hosts don’t feel that they constantly need to.
Leave no trace of your stay – if you’ve borrowed a book, return it to where you found it.
Offer to strip the bed before you go.

Wicked: For Good

Director: Jon M Chu

Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater

Rating: 4/5

Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.

How to register as a donor

1) Organ donors can register on the Hayat app, run by the Ministry of Health and Prevention

2) There are about 11,000 patients in the country in need of organ transplants

3) People must be over 21. Emiratis and residents can register.

4) The campaign uses the hashtag #donate_hope

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Terror attacks in Paris, November 13, 2015

- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France