Company Insights Al Yah Satellite Communications Telecoms Al Yah Satellite Communications Overview A subsidiary of Mubadala Investment Company, Al Yah Satellite Communications Company – or Yahsat – was a satellite services provider. In 2024 Yahsat’s shareholders agreed to a merger with Bayanat, an analytics provider majority-owned by Abu Dhabi’s G42 AI company. The merger resulted in the creation of Space42, the world’s most valuable publicly listed space company. Space42 aims to revolutionise space technology through AI-driven satellite solutions. It also wants to drive growth in autonomous vehicles, space mining and “sustainable space solutions”. Al Yah Satellite Communications News Analysis Tech How the UAE can make its push into space pay off Two years ago, the UAE’s Rashid Rover crashed into the moon’s Atlas crater during an attempted landing, marking an abrupt end to the country’s first mission to the moon’s surface. Now, back on Earth, the UAE is once again seeking to stake its claim as part of an elite club of countries with business to […] January 17, 2025 Tech UAE space company launches earth-monitoring craft Space42, a space technology company that has its headquarters in Abu Dhabi, deployed the second phase of its Foresight satellite constellation on Tuesday as the UAE continues its push to compete with the world’s leaders in the industry. The project is in collaboration with ICEYE, a provider of high-resolution images of the earth’s surface. The […] January 15, 2025 Telecoms Space42 bags $5bn contract from UAE government Space42, a global space technology company based in Abu Dhabi, has signed an AED18.7 billion ($5.1 billion) contract with the UAE government to provide critical, secure satellite communication services for an additional 17 years beyond 2026 until 2043. Under the contract, the Abu Dhabi-listed company, a subsidiary of UAE company G42, will provide satellite capacity […] December 17, 2024 Analysis Markets State-backed UAE companies lead the pack for share price gains The stock market performance of UAE companies that have gone public in the past few years varies greatly – but government-backed businesses have delivered the biggest gains. There have been 21 notable initial public offerings of UAE companies since the start of 2021 – 13 on the Abu Dhabi Securities Exchange and eight on the […] November 19, 2024 Tech Yahsat H1 profit rises despite revenue dip The UAE satellite provider, Al Yah Satellite Communications Company (Yahsat), said its net profit for the first half of 2024 rose 62 percent year on year despite falling revenue. Net earnings stood at AED269 million ($73 million) during the period, compared with AED166.4 million a year earlier. Revenue fell 3 percent year on year to AED734 […] July 30, 2024 Opinion Space A GCC spaceport could bring galactic gains It would support the development of the space economy in its multiple dimensions July 4, 2024 Tech Yahsat taps Musk’s SpaceX for next satellite launches The UAE’s satellite provider Al Yah Satellite Communications Company (Yahsat) has chosen Elon Musk’s company SpaceX to launch its next-generation geostationary satellites, Al Yah 4 and Al Yah 5. The two communications satellites are due to be launched into orbit in 2027 and 2028 respectively. Under the deal – part of an AED3.9 billion ($1.1 […] July 1, 2024 Markets Fees and procedures make UAE IPOs more complex UAE companies seeking to go public must undertake complex and often costly procedures to complete an initial public offering, although fees remain reasonable by international standards because of competition among advisers, according to experts. This decade, Abu Dhabi and Dubai have part-privatised many government-owned companies, sparking an IPO flurry that runs counter to slowdowns in […] June 26, 2024 Tech Yahsat appoints Airbus to build $1.1bn new satellites Al Yah Satellite Communications Company, known as Yahsat, has appointed a unit of US-headquartered Airbus Group to manufacture its two new geostationary telecommunications satellites. The company initially authorised Airbus Defence and Space to commence activities on the Al Yah 4 (AY4) and Al Yah 5 (AY5) satellite programme in the second quarter of 2023. Airbus will design […] June 10, 2024 Tech Bayanat increases funding for climate disaster R&D Geospatial services provider Bayanat has increased its investment into climate disaster research and development following a strong profit rise in the first quarter of 2024. Abu Dhabi-based Bayanat said gross profit for the first quarter reached AED32 million ($8.7 million), representing a gross margin of 28 percent. Revenues were 12 percent up year on year […] May 15, 2024 Posts navigation 1 2 3 Next
Analysis Tech How the UAE can make its push into space pay off Two years ago, the UAE’s Rashid Rover crashed into the moon’s Atlas crater during an attempted landing, marking an abrupt end to the country’s first mission to the moon’s surface. Now, back on Earth, the UAE is once again seeking to stake its claim as part of an elite club of countries with business to […] January 17, 2025
Tech UAE space company launches earth-monitoring craft Space42, a space technology company that has its headquarters in Abu Dhabi, deployed the second phase of its Foresight satellite constellation on Tuesday as the UAE continues its push to compete with the world’s leaders in the industry. The project is in collaboration with ICEYE, a provider of high-resolution images of the earth’s surface. The […] January 15, 2025
Telecoms Space42 bags $5bn contract from UAE government Space42, a global space technology company based in Abu Dhabi, has signed an AED18.7 billion ($5.1 billion) contract with the UAE government to provide critical, secure satellite communication services for an additional 17 years beyond 2026 until 2043. Under the contract, the Abu Dhabi-listed company, a subsidiary of UAE company G42, will provide satellite capacity […] December 17, 2024
Analysis Markets State-backed UAE companies lead the pack for share price gains The stock market performance of UAE companies that have gone public in the past few years varies greatly – but government-backed businesses have delivered the biggest gains. There have been 21 notable initial public offerings of UAE companies since the start of 2021 – 13 on the Abu Dhabi Securities Exchange and eight on the […] November 19, 2024
Tech Yahsat H1 profit rises despite revenue dip The UAE satellite provider, Al Yah Satellite Communications Company (Yahsat), said its net profit for the first half of 2024 rose 62 percent year on year despite falling revenue. Net earnings stood at AED269 million ($73 million) during the period, compared with AED166.4 million a year earlier. Revenue fell 3 percent year on year to AED734 […] July 30, 2024
Opinion Space A GCC spaceport could bring galactic gains It would support the development of the space economy in its multiple dimensions July 4, 2024
Tech Yahsat taps Musk’s SpaceX for next satellite launches The UAE’s satellite provider Al Yah Satellite Communications Company (Yahsat) has chosen Elon Musk’s company SpaceX to launch its next-generation geostationary satellites, Al Yah 4 and Al Yah 5. The two communications satellites are due to be launched into orbit in 2027 and 2028 respectively. Under the deal – part of an AED3.9 billion ($1.1 […] July 1, 2024
Markets Fees and procedures make UAE IPOs more complex UAE companies seeking to go public must undertake complex and often costly procedures to complete an initial public offering, although fees remain reasonable by international standards because of competition among advisers, according to experts. This decade, Abu Dhabi and Dubai have part-privatised many government-owned companies, sparking an IPO flurry that runs counter to slowdowns in […] June 26, 2024
Tech Yahsat appoints Airbus to build $1.1bn new satellites Al Yah Satellite Communications Company, known as Yahsat, has appointed a unit of US-headquartered Airbus Group to manufacture its two new geostationary telecommunications satellites. The company initially authorised Airbus Defence and Space to commence activities on the Al Yah 4 (AY4) and Al Yah 5 (AY5) satellite programme in the second quarter of 2023. Airbus will design […] June 10, 2024
Tech Bayanat increases funding for climate disaster R&D Geospatial services provider Bayanat has increased its investment into climate disaster research and development following a strong profit rise in the first quarter of 2024. Abu Dhabi-based Bayanat said gross profit for the first quarter reached AED32 million ($8.7 million), representing a gross margin of 28 percent. Revenues were 12 percent up year on year […] May 15, 2024
