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FINANCIAL NEWS
UAE’s etisalat to settle USD799m deal with Pakistan
09 Jun 2014
(MENAFN) UAE’s etisalat is expected to settle USD799 million it owes from a 2006 in Pakistan’s former telecom monopoly, according to Gulf News.
Etisalat, the UAE’s largest telecom operator by revenue and subscribers, has already bought 26 percent stake in Pakistan Telecommunication Co (PTCL) for USD2.6 billion.
But etisalat, which also obtained majority voting rights in PTCL, withheld USD799 million it owes on the deal because of Pakistan’s failure to reassign ownership of 3,248 properties to PTCL as per the sale agreement.
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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