Executive Summary Etisalat is the monopolist telephone and internet communications operator in the UAE with a vast and expansive network stretching across several countries in the Middle East, Asia, and Africa. Its total number of customers as of 2012 is over 170 million individuals (“Annual Report 2016” 2). Being a large multinational corporation, Etisalat faces numerous risks when running its enterprise, ranging from financial and currency risks, compliance risks in regards to national laws and international internet privacy and security standards, operational and management-related risks, and strategic risks in regards to the implementation of new technology and developing the company’s expansion strategy. While Etisalat has a multitude of strong points, many of which arise from their fortified position within the UAE, it also faces numerous risks that arise out of its current model of operation. This report provides relevant data on Etisalat’s financial and enterprise risks and offers recommendations on overcoming them. Introduction Etisalat is the biggest telephone and internet communications operator in the UAE. It is a multinational corporation that operates in Asia and the Middle East, covering over 16 countries in its web. The total number of customers as of 2012 is stated to be at circa 170 million individuals (“Annual Report 2016” 3). Its primary service lies in wireless and mobile connections, as it is known to be the world’s 14th largest mobile phone operator, and one of the most powerful corporations in the region. According to the financial reports of 2015, the company’s consolidated revenue stands at over 51 billion AED, with net profit at the end of 2015 is over 8 billion AED (“Annual Report 2016” 3). The company’s total market capitalization rate between 2017 and 2018 balances between 87 and 88 billion AED (“Annual Report 2016” 3). Within the UAE, Etisalat has a monopoly on all sorts of communications – other companies are not allowed to operate within the borders of the country without getting permission from Etisalat to connect to its web. Naturally, the only companies that operate in the UAE are daughter-companies and subdivisions of Etisalat created solely for domestic use. The biggest daughter-company is Emirates Integrated Telecommunications Company, also known as dU. Etisalat maintains a host of servers and points of presence in all major continents of the world, server locations found in New York, Paris, London, Amsterdam, Frankfurt, and Singapore, which are considered hub cities due to their developed Internet and server infrastructure (“Company Profile”). The reason for Etisalat’s dominance in the domestic market lies in the fact that it was one of the founding companies in the region that helped develop the country’s widespread telephone and Internet infrastructure. UAE’s vast and all-encompassing internet network was not constructed overnight. It began in 1995, when Etisalat – the country’s leading and only wired and wireless communications provider, began building up the infrastructure required for internet communication within UAE. As it was the only company in the country with the monopoly overall communication, it was in charge of constructing one of the most modernized Internet systems in the Middle East (“History”). The Internet boom in UAE