Search Site

Trends banner

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

TSMC Q2 profit up 60%

TSMC is the world's largest contract maker of chips.

Yahsat of Abu Dhabi figures in MSCI’s global indices

  • Yahsat’s inclusion will be effective on December 1, 2021
  • The company began trading on the Abu Dhabi Securities Exchange (ADX) in July following its initial public offering (IPO)

Al Yah Satellite Communications Company (Yahsat) of Abu Dhabi has been included in MSCI’s global indices.

MSCI Inc., a leading provider of research-based indexes and analytics, has included Yahsat as a constituent of the MSCI Small Cap Indices, including the MSCI All Country World Index (ACWI) Small Cap Index, MSCI Emerging Markets Small Cap Index, and the MSCI UAE Small Cap Index after fulfilling the necessary listing requirements.

Yahsat’s inclusion will be effective on December 1, 2021. The company began trading on the Abu Dhabi Securities Exchange (ADX) in July following its initial public offering (IPO).

It recently announced a profit of $13.2 million for the third quarter of 2021, down by 37.8 percent from $21.2 million in the same period in 2020.