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AD Ports to invest in Kazakh port

Under the deal, AD Ports Group owns 51% stake.

PIF acquires stake in Saudi Re

The acquisition was made by way of a capital increase.

ADNOC Gas awards contracts

The $2.1bn contracts are aimed at enhancing LNG supply infrastructure.

ADNOC L&S buys stake in Navig8

The company will acquire the remaining stake in mid-2027.

DAE to acquire Nordic Aviation Capital

The terms of the transaction have not been disclosed.

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