Search Site

Roche to buy Poseida Therapeutics

The $1.5 billion deal is due to close in early 2025.

BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

DEWA to launch second nanosatellite for remote sensing this month

On 26th October, 2023, the dividend will be paid to all shareholders via Dubai CSD.
  • The satellite will blast off from Vandenberg Air Force Base in California and will be launched by SpaceX Falcon 9 rocket
  • DEWA's Research and Development Centre designed and developed the nanosatellite in cooperation with NanoAvionics in Lithuania

Dubai, UAE–Dubai Electricity and Water Authority (DEWA) has completed preparations to launch its second nanosatellite for remote sensing applications in April 2023.

The 6U nanosatellite is part of DEWA’s Space-D programme. DEWA Sat-2 will be launched by SpaceX Falcon 9 rocket from Vandenberg Air Force Base in California, USA.

The nanosatellite was designed and developed at DEWA’s Research and Development Centre, in cooperation with NanoAvionics in Lithuania.

The new satellite features a high-resolution camera (4.7 meters) that will be used for Earth observation missions.

The high-resolution camera provides continuous line-scan imaging in 7 spectral bands from approximately 500km orbit. The new satellite is also equipped with Infrared equipment to measure greenhouse gases.

The combined use of DEWA SAT-2 images and Internet of Things (IoT) measurements from DEWA SAT-1 will enable DEWA to improve the operational performance of power generation and water desalination plants by providing accurate estimates of seawater temperature, seawater salinity, detection of red-tide, as well as fog monitoring and forecasting.

DEWA launched DEWA-SAT1 in January 2022. It uses LoRa IoT communication technology, a new wireless protocol designed for long-range and low-power communications, to expand the coverage of the existing terrestrial communications network.

DEWA is the first utility in the world to launch nanosatellites to improve its planning, operation, and maintenance activities.

Using satellite network communication, IoT and Artificial Intelligence contributes to improving the efficiency of photovoltaic solar panels at the Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site solar park in the world, using the Independent Power Producer (IPP) model.