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</script> <span id="addthiswd"><script type="text/javascript" src="https://web.archive.org/web/20110911161721js_/http://s7.addthis.com/js/250/addthis_widget.js#username=affan2"></script></span> </span> </div> </div> </li> <li><a href="javascript:;" onclick="window.open('/uae-s-etisalat-has-not-ruled-out-iraq-expansion-says-exec-389754.html/?view=email','email','width=1018,height=650,scrollbars=yes')" title="Email" class="scbut-email"></a></li> <li><a href="javascript:doaction('?service=printer&page=')" title="Print" class="scbut-print"></a></li> </ul> <script type="text/javascript"> function doaction(str){ var wLocation = window.location + str; wLocation = wLocation.replace("??", "?"); window.open(wLocation,'print','width=1018,height=650,scrollbars=yes'); } </script> </div> </div> </div> <div class="colgroup"> <div class="col g3"> <input type="hidden" value="" class="currentarea"/> <div class="spacer"></div> <div class="story-image g3l"> <img src="/web/20110911161721im_/http://www.arabianbusiness.com/incoming/article357667.ece/ALTERNATES/g3l/etisalat.jpg" width="474" height="318" alt="Etisalat, which is majority-owned by the government, is pushing to expand its overseas operations to offset declining revenues in the UAE"/> <div class="captionoverlay"> <p>Etisalat, which is majority-owned by the government, is pushing to expand its overseas operations to offset declining revenues in the UAE</p> </div> </div> <div class="storyContent"> <div class="body"> <script language="JavaScript" type="text/javascript" src="/web/20110911161721js_/http://www.arabianbusiness.com/resources/js/jquery.jHelperTip.1.0.js"></script> <style type="text/css">a.smartlink,a.smartlink:link,a.smartlink:visited{color: #cc0000;text-decoration: underline; border-bottom: 1px solid #cc0000;}a.smartlink:active,a.smartlink:hover{color:#cc0000;border-bottom: 2px solid #cc0000;} #jHelperTipContainer{background:#ffffff;padding:5px;color:#cc0000;font:9px verdana;}</style> <script language="JavaScript" type="text/JavaScript"> $(function(){$.fn.jHelperTip.defaults = {trigger: "hover",topOff: 3,leftOff: 10,source: "ajax",type: "GET",url: '/smartlink.php', data: '',loadingImg: "/ab/skins/ab.main/gfx/ajax-loader.gif", loadingText: "Loading...",attrName: '',ttC: "#jHelperTipContainer", dC: "#jHelperTipDataContainer",aC: "#jHelperTipAttrContainer",opacity: 1.0,autoClose: false}}); </script> <p>UAE telecom Etisalat has not ruled out expansion into Iraq after dropping its $12bn bid for a chunk of Kuwait’s Zain that would have given it access to the market, a senior executive said.</p> <p>“We are looking at all opportunities,” said Ahmed Bin Ali, group senior vice president of corporate communications. “If we think it is worth it we are on the same speed of expansion whenever there is a chance to do so.”</p> <p>Etisalat, which is majority-owned by the government, is pushing to expand its overseas operations to offset declining revenues in the UAE, where it no longer holds a monopoly.</p> <p>A successful bid for 46 percent of Zain would have given the telco access to new markets including Jordan, Morocco and Iraq. </p> <div class="articleMPU">  <script language="JavaScript" type="text/javascript">if(typeof(DFP_ord) == "undefined"){var DFP_ord = 1315757838;} if(typeof(DFP_host) == "undefined"){var DFP_host = (("https:" == document.location.protocol) ? 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Etisalat, alongside US-based Verizon Communications, South Africa's MTN and Turkcell in Turkey, are rumoured to be in the bidding. </p> <p>Mobile penetration rates in Iraq top 70 percent. The country’s two largest operators, Zain and Asiacell, have more than 12 million and 8.13 million subscribers respectively. </p> <p>Etisalat chairman Mohammed Omran said last week the company would invest $15bn in overhauling its networks over the next five years.</p> <p>The telecoms firm has already invested $4.4bn in growing its African operations, Ben Ali said.</p> <p>“The original paid investment was $2.8bn… that was only for license and related issues. And additional investment has been done for the operation in each country since 2004,” he said.</p> <p>Etisalat in February reported a 14 percent decline in full-year profit. Net income fell to AED7.63bn ($2.1bn), 97 fils a share, from AED8.84bn, or AED1.12, a year earlier.</p> <div> </div> </div> </div> </div> <div class="col g1"> <input type="hidden" value="" class="currentarea"/> <div class="widget stories_multiWidgetHeadline" id="bestof"> <h5 class="wt wtc"> <span class="hedl"> <strong>Related:</strong> </span> </h5> </div> <div class="widget storiesDefault iam"> <h4 class="wt wtm"> <span class="hedl"> <strong>Stories</strong> </span> </h4> <div class="colgroup g1l1"> <div class="story g1 uCol"> <h3 class="li096 li-let"> <a href="/web/20110911161721/http://www.arabianbusiness.com/etisalat-s-12bn-zain-deal-have-been-landmark-for-gulf-389396.html">Etisalat’s $12bn Zain deal to have been landmark for Gulf</a> </h3> </div> </div> <div class="colgroup g1l1"> <div class="story g1 uCol"> <h3 class="li096 li-let"> <a href="/web/20110911161721/http://www.arabianbusiness.com/etisalat-invest-15bn-overhaul-networks-over-five-years--387569.html">Etisalat to invest 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ban for bounced cheques</a> </li> </ul> </div> </div> </div> </div> </div> <script type="text/javascript"> $('#uid14397').tabs({fx:{opacity:'toggle',duration:165}}); </script> </div> </div> <div class="colgroup"> <div class="col g2"> <input type="hidden" value="" class="currentarea"/> <div class="widget ad" style="text-align:center;"> <div class="advert">  <div id="id61597" class="admpu" style="display:-moz-inline-box; display:-webkit-inline-box; display:inline-block; margin:0; width:auto; height:auto; overflow:visible;">  <script language="JavaScript" type="text/javascript">if(typeof(DFP_ord) == "undefined"){var DFP_ord = 1315757840;} if(typeof(DFP_host) == "undefined"){var DFP_host = (("https:" == document.location.protocol) ? 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The same for perpetrators of 9/11. It was a political motivation... <a class="more" href="/web/20110911161721/http://www.arabianbusiness.com/time-close-book-on-9-11-says-al-habtoor-419595.html;jsessionid=654B27BA357946BAD1A70706825D5D3A?tab=Comments">more</a> </p> <span class="info"> Sunday, 11 September 2011 4:33 PM - Peace minded </span> </li> <li> <span class="commentbubble plural ">3</span> <h5><a href="/web/20110911161721/http://www.arabianbusiness.com/kuwait-s-alshaya-launch-mideast-s-first-texas-roadhouse-419707.html;jsessionid=654B27BA357946BAD1A70706825D5D3A?tab=Comments">Kuwait’s Alshaya to launch MidEast's first Texas Roadhouse</a></h5> <p class="commentbody"> such a shame. I left North America for a change of culture. Now I find myself wading through the malls and streets of fast food and fat food chains of... <a class="more" href="/web/20110911161721/http://www.arabianbusiness.com/kuwait-s-alshaya-launch-mideast-s-first-texas-roadhouse-419707.html;jsessionid=654B27BA357946BAD1A70706825D5D3A?tab=Comments">more</a> </p> <span class="info"> Sunday, 11 September 2011 1:28 PM - a shwarma at al ijaza </span> </li> <li> <span class="commentbubble plural ">3</span> <h5><a href="/web/20110911161721/http://www.arabianbusiness.com/qatar-among-best-nations-for-child-fall-sick-in-419517.html;jsessionid=654B27BA357946BAD1A70706825D5D3A?tab=Comments">Qatar among best nations for child to fall sick in</a></h5> <p class="commentbody"> I personally think the Healthcare system in Qatar needs a big improvement. The professionalism is not good and most of the doctors come from India with... <a class="more" href="/web/20110911161721/http://www.arabianbusiness.com/qatar-among-best-nations-for-child-fall-sick-in-419517.html;jsessionid=654B27BA357946BAD1A70706825D5D3A?tab=Comments">more</a> </p> <span class="info"> Sunday, 11 September 2011 4:33 PM - Asif </span> </li> <li> <span class="commentbubble plural ">2</span> <h5><a href="/web/20110911161721/http://www.arabianbusiness.com/bank-account-holders-face-1-year-ban-for-bounced-cheques-419831.html;jsessionid=654B27BA357946BAD1A70706825D5D3A?tab=Comments">Bank account holders face 1-year ban for bounced cheques</a></h5> <p class="commentbody"> Fine .Will the central bank also ensure the prompt payment from client and borrowers so that cheques can be honoured with out any difficulty? While it... <a class="more" href="/web/20110911161721/http://www.arabianbusiness.com/bank-account-holders-face-1-year-ban-for-bounced-cheques-419831.html;jsessionid=654B27BA357946BAD1A70706825D5D3A?tab=Comments">more</a> </p> <span class="info"> Sunday, 11 September 2011 6:00 PM - Anand </span> </li> </ul> <div class="readmore"> <a href="https://web.archive.org/web/20110911161721/http://www.arabianbusiness.com/opinion/reader-comments/">Read all user comments <span>»</span></a> </div> </div> </div> </div> <div id="tabbingGroupContent-273930-86262-86260-2" class="ui-tabs-panel ui-tabs-hide"> <div class="popularList tabbedView"> <div class="content"> <ul class="comments"> <li> <span class="commentbubble plural ">49</span> <h5><a href="/web/20110911161721/http://www.arabianbusiness.com/dubai-residents-say-house-prices-fall-up-20--418202.html;jsessionid=654B27BA357946BAD1A70706825D5D3A?tab=Comments">Dubai residents say house prices to fall up to 20%</a></h5> <p class="commentbody"> Interestingly, apartments in "preferred areas" and even villas have taken a tumble now in this article below. That is a big drop for areas not normally... <a class="more" href="/web/20110911161721/http://www.arabianbusiness.com/dubai-residents-say-house-prices-fall-up-20--418202.html;jsessionid=654B27BA357946BAD1A70706825D5D3A?tab=Comments">more</a> </p> <span class="info"> Tuesday, 6 September 2011 10:38 AM - charles </span> </li> <li> <span class="commentbubble plural ">38</span> <h5><a href="/web/20110911161721/http://www.arabianbusiness.com/uk-doctor-fails-attend-dubai-road-rage-trial-418924.html;jsessionid=654B27BA357946BAD1A70706825D5D3A?tab=Comments">UK doctor fails to attend Dubai road rage trial</a></h5> <p class="commentbody"> What this comes down to is the fact there is no witnesses or proof here, it was dark, his windows were up so he could have shrugged or gestured as if to... <a class="more" href="/web/20110911161721/http://www.arabianbusiness.com/uk-doctor-fails-attend-dubai-road-rage-trial-418924.html;jsessionid=654B27BA357946BAD1A70706825D5D3A?tab=Comments">more</a> </p> <span class="info"> Thursday, 8 September 2011 10:32 AM - Fed up with nothing being done about dangerous tail gaters </span> </li> <li> <span class="commentbubble plural ">31</span> <h5><a href="/web/20110911161721/http://www.arabianbusiness.com/canadian-travel-trade-body-calls-for-action-over-uae-visa-issue-363071.html;jsessionid=654B27BA357946BAD1A70706825D5D3A?tab=Comments">Canadian travel trade body calls for action over UAE visa issue</a></h5> <p class="commentbody"> @John, any airline flying to/from Canada needs to secure landing rights. <br>Regarding free market, well check any economic freedom index and see where... <a class="more" href="/web/20110911161721/http://www.arabianbusiness.com/canadian-travel-trade-body-calls-for-action-over-uae-visa-issue-363071.html;jsessionid=654B27BA357946BAD1A70706825D5D3A?tab=Comments">more</a> </p> <span class="info"> Saturday, 10 September 2011 10:21 AM - Telcoguy </span> </li> <li> <span class="commentbubble plural ">30</span> <h5><a href="/web/20110911161721/http://www.arabianbusiness.com/uae-kuwait-qatar-face-ban-on-filipino-maids--418458.html;jsessionid=654B27BA357946BAD1A70706825D5D3A?tab=Comments">UAE, Kuwait, Qatar face ban on Filipino maids </a></h5> <p class="commentbody"> DFA should ban AGENCIES that are not protecting DH and that are not providing good employer, especially Middle East. <br> <a class="more" href="/web/20110911161721/http://www.arabianbusiness.com/uae-kuwait-qatar-face-ban-on-filipino-maids--418458.html;jsessionid=654B27BA357946BAD1A70706825D5D3A?tab=Comments">more</a> </p> <span class="info"> Sunday, 11 September 2011 11:01 AM - lueeze </span> </li> <li> <span class="commentbubble plural ">16</span> <h5><a href="/web/20110911161721/http://www.arabianbusiness.com/india-should-curb-flights-from-gulf-says-official-419620.html;jsessionid=654B27BA357946BAD1A70706825D5D3A?tab=Comments">India should curb flights from Gulf, says official</a></h5> <p class="commentbody"> Privatise please!! <br>Give AI to the Ambanis, Tatas, Birlas etc and they'll make it the largest Airline in the world in no time. <a class="more" href="/web/20110911161721/http://www.arabianbusiness.com/india-should-curb-flights-from-gulf-says-official-419620.html;jsessionid=654B27BA357946BAD1A70706825D5D3A?tab=Comments">more</a> </p> <span class="info"> Sunday, 11 September 2011 5:24 PM - Liju </span> </li> </ul> <div class="readmore"> <a href="https://web.archive.org/web/20110911161721/http://www.arabianbusiness.com/opinion/reader-comments/">Read all user comments <span>»</span></a> </div> </div> </div> </div> <div id="tabbingGroupContent-273930-86262-86260-3" class="ui-tabs-panel ui-tabs-hide"> <div class="popularList tabbedView"> <div class="content"> <ul class="comments"> <li> <span class="commentbubble plural ">78</span> <h5><a href="/web/20110911161721/http://www.arabianbusiness.com/uae-residents-without-id-cards-risk-daily-fines-417790.html;jsessionid=654B27BA357946BAD1A70706825D5D3A?tab=Comments">UAE residents without ID cards risk daily fines</a></h5> <p class="commentbody"> Why are these cards required? Is anybody asking that question? What is the government planning to do with that card (and our personal info connected... <a class="more" href="/web/20110911161721/http://www.arabianbusiness.com/uae-residents-without-id-cards-risk-daily-fines-417790.html;jsessionid=654B27BA357946BAD1A70706825D5D3A?tab=Comments">more</a> </p> <span class="info"> Thursday, 8 September 2011 10:31 AM - Ted </span> </li> <li> <span class="commentbubble plural ">49</span> <h5><a href="/web/20110911161721/http://www.arabianbusiness.com/dubai-residents-say-house-prices-fall-up-20--418202.html;jsessionid=654B27BA357946BAD1A70706825D5D3A?tab=Comments">Dubai residents say house prices to fall up to 20%</a></h5> <p class="commentbody"> Interestingly, apartments in "preferred areas" and even villas have taken a tumble now in this article below. That is a big drop for areas not normally... <a class="more" href="/web/20110911161721/http://www.arabianbusiness.com/dubai-residents-say-house-prices-fall-up-20--418202.html;jsessionid=654B27BA357946BAD1A70706825D5D3A?tab=Comments">more</a> </p> <span class="info"> Tuesday, 6 September 2011 10:38 AM - charles </span> </li> <li> <span class="commentbubble plural ">39</span> <h5><a href="/web/20110911161721/http://www.arabianbusiness.com/dubai-police-chief-calls-for-slowdown-on-real-estate-415750.html;jsessionid=654B27BA357946BAD1A70706825D5D3A?tab=Comments">Dubai police chief calls for slowdown on real estate</a></h5> <p class="commentbody"> @ Telcoguy, you seem to have an issue with practically everything about Dubai, your anti Dubai tirade has become an obsession and is well known by now... <a class="more" href="/web/20110911161721/http://www.arabianbusiness.com/dubai-police-chief-calls-for-slowdown-on-real-estate-415750.html;jsessionid=654B27BA357946BAD1A70706825D5D3A?tab=Comments">more</a> </p> <span class="info"> Friday, 19 August 2011 11:10 PM - Essa al Hassan </span> </li> <li> <span class="commentbubble plural ">38</span> <h5><a href="/web/20110911161721/http://www.arabianbusiness.com/uk-doctor-fails-attend-dubai-road-rage-trial-418924.html;jsessionid=654B27BA357946BAD1A70706825D5D3A?tab=Comments">UK doctor fails to attend Dubai road rage trial</a></h5> <p class="commentbody"> What this comes down to is the fact there is no witnesses or proof here, it was dark, his windows were up so he could have shrugged or gestured as if to... <a class="more" href="/web/20110911161721/http://www.arabianbusiness.com/uk-doctor-fails-attend-dubai-road-rage-trial-418924.html;jsessionid=654B27BA357946BAD1A70706825D5D3A?tab=Comments">more</a> </p> <span class="info"> Thursday, 8 September 2011 10:32 AM - Fed up with nothing being done about dangerous tail gaters </span> </li> <li> <span class="commentbubble plural ">37</span> <h5><a href="/web/20110911161721/http://www.arabianbusiness.com/eid-al-fitr-holiday-begin-tuesday-august-30-416646.html;jsessionid=654B27BA357946BAD1A70706825D5D3A?tab=Comments">Eid Al Fitr holiday to begin Tuesday, August 30</a></h5> <p class="commentbody"> It will be interesting to see how many holidays will be given for Eid Al Adha which will fall on Monday, November 7. Probably, Thursday, November 10 will... <a class="more" href="/web/20110911161721/http://www.arabianbusiness.com/eid-al-fitr-holiday-begin-tuesday-august-30-416646.html;jsessionid=654B27BA357946BAD1A70706825D5D3A?tab=Comments">more</a> </p> <span class="info"> Tuesday, 6 September 2011 8:28 PM - Juma </span> </li> </ul> <div class="readmore"> <a href="https://web.archive.org/web/20110911161721/http://www.arabianbusiness.com/opinion/reader-comments/">Read all user comments <span>»</span></a> </div> </div> </div> </div> </div> </div> <script type="text/javascript"> $('#uid39712').tabs({fx:{opacity:'toggle',duration:165}}); </script> </div> </div> </div> </div> <div id="bottom"> <div class="widget ad" style="text-align:center;"> <div class="advert"> <div id="id75742" class="adeyeblaster"></div> <script type="text/javascript"> if( ITP.flashVersion >= ITP.minFlashVersion ){ ITP.insertAd({ 'DFP_site' : "ab_en", 'DFP_page' : "/industries/technology/", 'sz' : "1x2", 'dcopt' : "ist", 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