Thursday 13 December 2012

STOCKS NEWS MIDEAST-UAE mkts mixed; Etisalat recovers - Yahoo! News Maktoob

UAE markets end mixed and the country's two telecom operators remain actively traded stocks after the
government set new royalty fees earlier this week.
Shares in Abu Dhabi's Etisalat rise 3.1 percent, recovering from Wednesday's six-month low.
The stock plunged after the government on Monday said Etisalat would now pay royalties, or taxes, on revenue as well as profit. The government also said it would steadily increase royalty fees for du over the next few years.

No comments:

Post a Comment