Middle East & North Africa Telecommunications

This initiative which has been done in conjunction with Etisalat’s content partner Dar Al Khibra (DAK), comes as a result of Etisalat’s strategy in providing innovative services allowing shareholders the convenience of receiving financial market updates such as stock price changes, financial news and market financial reports of Most - Active, Winners and Losers, from both Abu Dhabi & Dubai Stock Markets. Alerts are sent to shareholders’ registered mobile number via SMS and through their emails.

Subscribers can now reap the advantages of the new service by registering online at http://uaefinance.weyak.ae. On registration, an Activation Key will be sent to the subscriber’s mobile phone via SMS. After the account is activated, subscribers can select one of two available alert packages: the Starter package, which offers monitoring of a single (1) stock at AED 15 per month or the Advanced package at AED 50 per month, which offers monitoring up to five (5) stocks. Investors can also purchase additional stock alerts, on top of the subscribed package per month.

Both packages include stock price movement updates, closing price report related to the subscribed stock(s) and market reports of the most active, winners and losers relating to stocks from Abu Dhabi and Dubai financial markets. Investors who want to subscribe to the new service need to have an Etisalat Dial-Up or Al Shamil Internet account where the service charges will be added to their monthly Internet bill.

In order for the shareholders/investors to start receiving the alert, they have to select the company stock that they need to monitor and set up the upper and lower stock price value. Alert will only be sent, via SMS, once the conditions entered are met. Subscribers can also receive similar information through their email if they have opted, on registration, to receive stock price alerts and the stock market reports through their emails in addition to the SMS alerts.

Abdulla Hashim, Assistant General Manager, Marketing, Etisalat, said: ‘The commercial launch of our UAE Finance Alert Service is in line with Weyak portal strategy to provide more value added services to our customers. Introduction of this new service is a reflection of our desire to enhance the customer experience and customer satisfaction. The UAE Finance Alert Service will enable our customers to receive stock updates any time and anywhere, teaming flexibility with quick access to key information.’

Ali Anoon Al Nuaimi, General Manager of Dar Al Khibra (DAK), said: ‘We are pleased to partner with Etisalat to provide this value added Stock Alert Service as a reliable source of financial and market data in the UAE via its new exciting portal Weyak. DAK is committed to the continuous enhancement of the UAE Finance service offerings for the benefit of the financial community and investors.’

In addition to the Stock Alert Service, the UAE Finance Channel provides many features that are of interest to both national and the international business community. Company news , foreign currency exchange rates, commodity prices, the main indices of stock markets, and a business Forum to discuss business related topics all are part of the UAE Finance Channel.