Fibre optics unit will bid on overseas projects



The Etisalat subsidiary that is rolling out the Middle East's first national fibre-optic internet system will use the experience to bid for similar contracts overseas. Tamdeed, a unit of Etisalat's services division, is responsible for bringing the system into every home and workplace in the country, all the way from digging and laying cables to rewiring villas, offices and apartment buildings. "For now, we're focused on the UAE, but we will capitalise on this experience to go outside, and also to serve Etisalat International whenever they need us," said Ahmed Darwish, the general manager of Tamdeed. "Most countries in the GCC are going for an FTTH system, but Etisalat is far ahead," he said. "Abu Dhabi will be the first capital in the world, by the third quarter of this year, to completely migrate to FTTH. A team of more than 2,000 technicians are working seven days a week installing the fibre-to-the-home (FTTH) network, in one of the country's most ambitious infrastructure modernisation projects. The network, planned to reach every home in the country by 2011, already connects to 300,000 homes and offices. Fibre-optic cables transmit information as beams of light, offering an almost unlimited capacity for data transmission, with the potential for internet speeds up to 100 times faster than systems based on copper wire. The project is part of Etisalat's role as an agent for national development, and the company does not consider notions of cost versus benefit when evaluating whether to extend optic fibre to remote or difficult-to-reach areas. "Anywhere in the UAE served by Etisalat, by 2011 we will reach all of them," Mr Darwish said. "It is part of our commitment to the country - we should serve everywhere, without looking to the economics of it." Homes connected to the network will be able to access increasingly fast internet services, alongside high-definition television and standard telephone service. While fibre has a theoretical transmission speed of up to one terabyte (1,000 gigabytes) per second, actual download speeds will be limited by the bandwidth and capacity of Etisalat's international connections. "Within the country, there is no limit," Mr Darwish said, "but most content is not in the UAE. I can guarantee your speed in the UAE, but if you are downloading from the US or Europe, you will also be dependent on the international connections." Etisalat offers a 16 megabyte-per-second internet connection to homes already reached by the FTTH system, and is expected to introduce faster offerings, as well as packages incorporating digital television, as the network expands. The company says it will soon launch a video-on-demand service over the network, letting viewers choose from thousands of films to be streamed live to their television sets. tgara@thenational.ae

Abu Dhabi GP schedule

Friday: First practice - 1pm; Second practice - 5pm

Saturday: Final practice - 2pm; Qualifying - 5pm

Sunday: Etihad Airways Abu Dhabi Grand Prix (55 laps) - 5.10pm

Election pledges on migration

CDU: "Now is the time to control the German borders and enforce strict border rejections" 

SPD: "Border closures and blanket rejections at internal borders contradict the spirit of a common area of freedom" 

Company Profile

Company name: NutriCal

Started: 2019

Founder: Soniya Ashar

Based: Dubai

Industry: Food Technology

Initial investment: Self-funded undisclosed amount

Future plan: Looking to raise fresh capital and expand in Saudi Arabia

Total Clients: Over 50

The specs: 2018 Mercedes-Benz E 300 Cabriolet

Price, base / as tested: Dh275,250 / Dh328,465

Engine: 2.0-litre four-cylinder

Power: 245hp @ 5,500rpm

Torque: 370Nm @ 1,300rpm

Transmission: Nine-speed automatic

Fuel consumption, combined: 7.0L / 100km

NO OTHER LAND

Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

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Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

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A MINECRAFT MOVIE

Director: Jared Hess

Starring: Jack Black, Jennifer Coolidge, Jason Momoa

Rating: 3/5

COMPANY PROFILE

Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed 

The Kingfisher Secret
Anonymous, Penguin Books

Top investing tips for UAE residents in 2021

Build an emergency fund: Make sure you have enough cash to cover six months of expenses as a buffer against unexpected problems before you begin investing, advises Steve Cronin, the founder of DeadSimpleSaving.com.

Think long-term: When you invest, you need to have a long-term mindset, so don’t worry about momentary ups and downs in the stock market.

Invest worldwide: Diversify your investments globally, ideally by way of a global stock index fund.

Is your money tied up: Avoid anything where you cannot get your money back in full within a month at any time without any penalty.

Skip past the promises: “If an investment product is offering more than 10 per cent return per year, it is either extremely risky or a scam,” Mr Cronin says.

Choose plans with low fees: Make sure that any funds you buy do not charge more than 1 per cent in fees, Mr Cronin says. “If you invest by yourself, you can easily stay below this figure.” Managed funds and commissionable investments often come with higher fees.

Be sceptical about recommendations: If someone suggests an investment to you, ask if they stand to gain, advises Mr Cronin. “If they are receiving commission, they are unlikely to recommend an investment that’s best for you.”

Get financially independent: Mr Cronin advises UAE residents to pursue financial independence. Start with a Google search and improve your knowledge via expat investing websites or Facebook groups such as SimplyFI. 

MATCH INFO

Juventus 1 (Dybala 45')

Lazio 3 (Alberto 16', Lulic 73', Cataldi 90 4')

Red card: Rodrigo Bentancur (Juventus)

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COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
UAE Rugby finals day

Games being played at The Sevens, Dubai

2pm, UAE Conference final

Dubai Tigers v Al Ain Amblers

4pm, UAE Premiership final

Abu Dhabi Harlequins v Jebel Ali Dragons