INSEAD Day 4 - 728x90

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Salik profit slips in H1

The company said traffic recovery supported resilience.

Alpha Dhabi profit jumps 48%

AI and technology investments boost earnings.

Abu Dhabi’s Yahsat to use SpaceX for its satellite launch

The contract will involve providing the UAE Government with secure and reliable satellite capacity.
  • Next Gen satellite to be launched in 2023
  • SpaceX’s Falcon 9 was selected primarily due to its high reliability and advanced capabilities

Yahsat, the Abu Dhabi’s satellite company, has picked up SpaceX to launch its next generation Thuraya communications satellite in the second half of 2023.

SpaceX’s Falcon 9 was selected primarily due to its high reliability and advanced capabilities, the Abu Dhabi stock exchange listed company said in a statement.

The statement didn’t disclose the terms of the contract.

Yahsat, a subsidiary of state investor Mubadala, is one of the largest providers of satellite communications services in the world. It also owns satellite company Thuraya.

Thuraya 4-NGS is expected to support Yahsat’s growth across new and existing product lines, while increasing capacity and coverage across Europe, Africa, Central Asia and the Middle East. Operations are scheduled to commence in 2024