EN
A new model equation governing the propagation of nonlinear pulses in optical fibres has been derived on the assumption of a saturated nonlinearity of the refractive index. This equation is a combination of the exponential nonlinear Schrödinger equation and the derivative one. It is valid for the long fibres. A modulational stability has been calculated to find out a cut-off in an angular frequency of a carrier wave. Moreover, it has been shown that the equation possesses family of stationary solutions. An initial value problem has been discussed on the basis of the implicit pseudo-spectral scheme.