The UAE has ranked first globally in mobile internet speed for the month of June, with a download speed of 204.24 Mbps and an upload speed of 22.72 Mbps, according to performance analysts Ookla.
Their Speedtest Global Index showed the UAE topped the rankings for most of the first half of 2023 (January, February, March, May, and June), while it ranked second in April.
As for fixed broadband speed, the UAE ranked second globally and first regionally in June, with a download speed of 239.2 Mbps. Singapore topped the list with a speed of 247.29 Mbps.
Quarterly reports issued by Ookla showed that etisalat by e& recorded the fastest median download speeds across both mobile and fixed, at 216.65 Mbps and 261.98 Mbps, respectively, in Q2 2023.
etisalat by e& also had the fastest median 5G download speed at 680.88 Mbps and the lowest median mobile multi-server latency at 35 ms.
ADNOC Distribution has reported a net profit growing by 15.6 per cent year-on-year to $579 million in the first nine months, with an EBITDA increase of 12 per cent to $885 million, its strongest performance since listing in 2017.
TECOM Group has announced a 20 per cent revenue growth reaching more than AED 2.1 billion, with a net profit exceeding AED 1.1 billion, marking an 18 per cent year-on-year increase.
The Dubai Financial Market (DFM) has announced its consolidated financial results for the nine months ending September 30, reporting a net profit before tax of AED 930.8 million, an increase of 212 per cent compared to the same period in 2024.
DMCC — Dubai’s leading international business district — has announced plans to create a new Financial Centre that will anchor trade finance, fintech innovation and digital asset solutions across its 26,000-member community.
The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.15 per cent to 3.90 per cent, effective from Thursday, October 30.
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Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.