By appointing QMM as its liquidity provider, Space42 aims to contribute to a more robust and dynamic market environment, delivering added value for its current and potential investors.
The company's strong nine-month performance was driven by the successful merger between telecom operator Bayanat and satellite communications firm Yahsat.
The campaign is being run in collaboration with the Ministry of Education and is a part of Thuraya 4s pre-launch One World. Deeply Connected campaign.
Space42 Arena, named after the UAEs first AI-powered SpaceTech company, will host concerts, sporting events, and conferences to enrich the regions corporate and cultural landscape.
Seven satellites will be launched as part of the UAE's Earth Observation space programme.
Space42 aims to develop hybrid connectivity and geospatial services to meet demand from autonomous vehicles and other emerging capabilities.
Trading of the newly issued Bayanat AI PLC shares, following the merger, will begin on October 1.
As part of the Earth Observation Space Programme, this satellite debuts the comprehensive SAR constellation that will deliver high-resolution, persistent monitoring solutions.
Yahsat expects to receive $1bn in new advance payments during the construction period of the Al Yah 4 and Al Yah 5 satellites.
Yahsat accelerates efforts to expand in Zimbabwe following agreement with Satcom Technologies to provide satellite communications in e-learning, Telemedicine, Mobility and Fixed solutions.
Expected to launch in 2027 and 2028, these missions are part of the satellite procurement programme worth $1.1bn.
Airbus will design and manufacture both satellites and will also provide ground control segment components.
As the space race hots up, AI technologies are providing both competitive advantages and pathways to innovation, says Keith J Fernandez. We explore the role of AI in the satellite ...
The agreement focuses on collaboration in satellite and ICT services, broadband connectivity, IoT, geospatial applications, HAPS, and Earth Observation Satellites.
Yahsat and SATCOM Technologies will leverage their expertise to secure government projects by providing reliable and efficient satellite-enabled connectivity solutions tailored to Zimbabwes national needs.
For its 30th anniversary edition, CABSAT boasts a lineup of speakers for its conference events, including the Content Congress and SATExpo Summit.
The certification is granted based on a provisional self-reporting system after completing a 170-item questionnaire evaluated against the WTAs standards.
In a significant move for the UAEs space sector, Bayanat and Yahsat have approved a merger to form SPACE42. Karim Sabbagh, Managing Director Designate, discusses SPACE42s AI-focused strategy and its ...
Adjusted EBITDA reached $67m, marking a 7% year-on-year increase, while a double-digit reduction in normalised costs led to an expanded margin of 67%, compared to 63% in the prior year.
The visit discussed potential for Yahsat to expand its presence in South Africa as part of the countrys plans to enhance communications capabilities.
The merger is subject to further regulatory approvals in the UAE and internationally.
Somani was previously CEO of ABS (Agility Beyond Space) and left the company in January.
The merger is expected to yield considerable cost and revenue synergies, positioning the enlarged entity for enhanced shareholder value creation. ?
The two leading companies join forces to drive global connectivity forward as part of Yahsats recently launched D2D strategy Project SKY.
Visitors to the exhibition will be able to experience a wide range of exciting solutions, including Thurayas IoT devices, which target various sectors, including farming, fishing, and logistics.
Underpinning this impressive performance was revenue growth across all operating segments of the group for the first time since its initial public offering in July 2021.
The mission aims to conduct close flybys of seven main belt asteroids before landing on Justitia.
The project forms part of Yahsats wider strategy to accelerate efforts to venture into emerging sectors with high growth potential.
On completion of the merger, Mansoor Al Mansoori will assume the role of Chairman, Dr Bakheet Al Katheeri as Vice Chairman and Karim Michel Sabbagh will join as Managing Director ...
The merger is expected to take place in the second half of 2024, until then Bayanat and Yahsat will continue to operate independently.
The global MSCI Rating reflects Yahsats extensive efforts in adopting Environmental, Social, and Governance (ESG) international best practices.
Yahsat will represent the UAE space sector at the UAE Space Agency Pavilion, demonstrating its cutting-edge climate tech solutions.
The UAE Space Agency has formed an industrial consortium to develop the "Sirb" project that will potentially see the first satellite launched by 2026.
Yahsats secure connectivity solutions to be installed on EDGEs Made-in-UAE systems.
Bayanat, Yahsat, and ICEYE have broaden SAR satellite fleet to include seven spacecraft encompassing the Middle East.
The Global Satellite Operators Association hopes to play a key role and drive better behaviors in the area of space sustainability.
Led by the UAE Space Agency, the space pavilion at the Dubai Airshow will reportedly be the largest space pavilion in the exhibitions history to date.
Yahsat's anticipated future revenue surged to $6.9bn, which is 15.7 times its revenue from the last 12 months, marking a significant increase from the figures at the end of 2022.
Yahsat is the first UAE space technology company to join the United Nations global initiative to promote corporate sustainability.
Under the MoU both parties will focus on testing, certifying, and enabling Nybl's AI and ML-driven solutions over Thuraya and Yahsat satellites.
The service partnership agreement aims to develop the nations telecommunications infrastructure and enable e-government services.
The company will also forge several new partnerships with leading companies to enrich its portfolio of IoT and AI solutions.
The new mandate will replace two current agreements, which come to an end in November and December 2026, respectively.
On an annualised basis, the group is on track to deliver a dividend of at least $4.48 cents per share, equivalent to $109m in total for the full 2023 financial ...
Recent discussions within the satellite communications industry seem to indicate a shortfall of satcom engineers globally. We asked industry experts working in different sectors for their views on the topic ...
The team met with the UAE Ambassador in Beijing to discuss how the Diplomatic Mission can support Yahsat and other UAE companies to expand operations in China.
The satellite operators net income rose by 5% year-on-year to $48m, generating an improved margin of 23% from the previous years 22%.
The Chief Operations Officer of Yahsat accepted the award for the companys role in developing an advanced satellite communications infrastructure in the UAE.
Chinese embassy officials commend Yahsat for its support in the rescue of five fishermen, who were located using a Thuraya MarineStar terminal.
The Yahsat Asia Week also included its first-ever Asia Partner Conference bringing together service partners from eight countries.
Yahsat Asia Week showcased innovative solutions of its mobility arm, Thuraya, and explored opportunities for forging new partnerships in the Asia Pacific region.
This represents a major milestone in both companies plans to deliver affordable connectivity, underpinning their commitment to drive innovation in the IoT sector.
The programme aims to develop a constellation of five LEO SAR satellites with the first satellite scheduled for launch in Q1 2024.
Yahsat delegation held one-on-one and small group meetings with multiple fund managers.
Yahsat's revenue during the three-month period grew to $100m, up nearly 2% from about $26.96m in Q1 2022.
The solution enables cost-effective communications with extended beyond line-of-sight, improved privacy, productivity and interoperability.
The partnership signifies a milestone for Thurayas IoT ambitions and will be the companys first investment in a LEO satellite constellation.
A new tactical radio solution that addresses existing Push-To-Talk limitations has been launched in collaboration with Cobham Satcom.
The LTS platform will have four variants including personnel, vehicular, maritime and aeronautical terminals.
The MoU signed between national leaders at IDEX 2023 is to build on Yahsats systems integration expertise across various platforms.
