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Etisalat appoints new chairman

UAE telecoms operator, Etisalat has named Eisa Mohammad Al Suwaidi as the firm's new chairman as part of a management reshuffle, Gulf News has reported. The company replaced its long-serving chairman Mohammad Omran and named six new directors. "Etisalat has been reporting declining profits in eight of the past nine quarters amid small growth in international revenues, coupled with the India 2G spectrum scandal and a failed attempt to take over Kuwait-based Zain," said Matthew Reed, a senior analyst at Informa Telecoms and Media.