Etisalat announced today that its profits for the period ending in September this year has reached a record AED 7.3bn. Its net profits for Q3 rose to a staggering AED 2.1bn. The Q3 profits showed a clear increase of 19pc in comparison to the same period during 2007. The Etisalat statement said that the profit on each share stood at AED 1.21, a clear rise over the AED 0.92 during the same period last year. This came after the announcement of Etisalat of its entry into the Indian market, its 18th market, as Etisalat acquired 45pc stake in India’s Swan Telecom.

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