The UAE has once again been recognised as the global leader in Fibre to the Home (FTTH) penetration, marking the eighth consecutive year the country has held the top position with a penetration rate of 99.3 per cent, the FTTH Council announced in its latest annual report.
The report analysed data from 20 countries that have exceeded 50 per cent FTTH availability and compared global statistics on fibre optic network penetration. It placed the UAE above Singapore (97.1 per cent), Hong Kong (95.3 per cent), China (92.9 per cent), and South Korea (91.5 per cent).
The ranking solidifies the UAE’s position as a global leader in high-speed fibre connectivity and underscores the nation’s strategy to prioritise next-generation digital infrastructure.
Masood M. Sharif Mahmood, CEO of e& UAE, said, “The UAE's proactive strategies and investments in fibre connectivity are a testament to both the nation’s visionary leadership and its confidence to empower people to thrive in the digital age. This commitment has established the country as the benchmark for how nations can enable communities through world-class digital infrastructure."
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.