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.
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.
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 ...
The first-quarter results were propelled by Bayanat's sustained emphasis on the company's core segments and advancements in Artificial Intelligence capabilities.
While space majors around the world are looking to leverage AI to revolutionise connectivity, the UAE also now has one entity at its doorstep.
The merger is subject to further regulatory approvals in the UAE and internationally.
The merger is expected to yield considerable cost and revenue synergies, positioning the enlarged entity for enhanced shareholder value creation. ?
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.
Yahsat and Bayanat will oversee satellite management, operations, data, and space applications, with NSSTC contributing through the provision of assembly, integration, and testing operations.
The UAE Space Agency has formed an industrial consortium to develop the "Sirb" project that will potentially see the first satellite launched by 2026.
Bayanat, Yahsat, and ICEYE have broaden SAR satellite fleet to include seven spacecraft encompassing the Middle East.
With this contribution, the UAESA emphasises the importance of international solidarity and cooperation in the face of natural disasters.
The programme aims to develop a constellation of five LEO SAR satellites with the first satellite scheduled for launch in Q1 2024.
The strategic partnership is aimed at building and operating strategic earth observation capabilities within the UAE.
UAE Space Agency aims to support national and global challenges by providing scientists, researchers, and government and private institutions with access to satellite data.
