Bayanat, a geospatial data products and services provider, and Abu Dhabi’s Al Yah Satellite Communications, better known as Yahsat, have launched a space programme aimed at building national satellite remote sensing and earth observation (EO) capabilities within the UAE.
The space programme will look for business opportunities in the local and global EO market, Bayanat said in a statement to the Abu Dhabi Securities Exchange, where its shares are traded.
It aims to develop at least five SAR low Earth orbit satellites to provide a consistent data stream for end-to-end solutions for applications.
SAR, or Synthetic Aperture Radar, is an active sensing system that illuminates the Earth’s surface and measures the reflected signal to generate high-resolution images. Unlike traditional optical imaging satellites, SAR can capture images day and night, regardless of weather or sunlight.
“The launch of the first LEO satellite scheduled for the first quarter of 2024 will significantly enhance Bayanat’s existing offerings to provide more comprehensive and high-quality services to clients both locally and internationally,” Hasan Al Hosani, chief executive of Bayanat, said.
Bayanat’s space sector expansion positions the company to drive its growth and become a key player in the industry.
The constellation of satellites will cover the entire value chain in Yahsat’s upstream and midstream capabilities, its satellite infrastructure as well as its satellite-enabled solutions.
It will “significantly enhance Bayanat’s commercial offerings by providing valuable geospatial insights to various industries in a timely and accurate manner”, the company said.
The space programme forms part of Bayanat and Yahsat’s partnership with ICEYE, an SAR satellite manufacturer based in Finland.
“The partnership … will drive the development of a sovereign EO ecosystem which will enable us to provide cutting-edge solutions, while contributing to skill development, scientific advancements and sustained economic growth,” Mr Al Hosani said.
Founded in 2007, Yahsat is a subsidiary of Mubadala Investment Company. It offers multi-mission satellite services in more than 150 countries across Europe, the Middle East, Africa, South America, Asia and Australasia.
Yahsat’s managed solutions business involves providing satellite communication services to the UAE government, with about 85 per cent of the company’s revenue coming from the UAE market.
Bayanat, which listed its share on the ADX in October, is backed by Abu Dhabi-based artificial intelligence and cloud computing company G42.
The company more than doubled its net profit last year as revenue surged in line with improving business performance.
Net income for the 12-month period to the end of December climbed to Dh202.3 million ($55 million), up from Dh96.28 million the previous year.
Company Profile
Name: JustClean
Based: Kuwait with offices in other GCC countries
Launch year: 2016
Number of employees: 130
Sector: online laundry service
Funding: $12.9m from Kuwait-based Faith Capital Holding
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Born: May 19 1952
Place of birth: Deventer, Netherlands
Playing position: Midfielder
Teams managed:
1998-2000 Fortuna Sittard
2000-2004 Feyenoord
2004-2006 Borussia Dortmund
2007-2008 Feyenoord
2008-2012 Netherlands
2013-2014 Hamburg
2015-2017 Saudi Arabia
2018 Australia
Major honours (manager):
2001/02 Uefa Cup, Feyenoord
2007/08 KNVB Cup, Feyenoord
World Cup runner-up, Netherlands
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Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
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Venue Insportz, Dubai, September 16-23
UAE squad Saqib Nazir (captain), Aaqib Malik, Fahad Al Hashmi, Isuru Umesh, Nadir Hussain, Sachin Talwar, Nashwan Nasir, Prashath Kumara, Ramveer Rai, Sameer Nayyak, Umar Shah, Vikrant Shetty
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The site is part of the Hili archaeological park in Al Ain. Excavations there have proved the existence of the earliest known agricultural communities in modern-day UAE. Some date to the Bronze Age but Hili 2 is an Iron Age site. The Iron Age witnessed the development of the falaj, a network of channels that funnelled water from natural springs in the area. Wells allowed settlements to be established, but falaj meant they could grow and thrive. Unesco, the UN's cultural body, awarded Al Ain's sites - including Hili 2 - world heritage status in 2011. Now the most recent dig at the site has revealed even more about the skilled people that lived and worked there.
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Friday:
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Saturday:
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- Sharjah v Al Wasl, 5.20pm
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More than 2.2 million Indian tourists arrived in UAE in 2023
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Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.
“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.
“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”
If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.
FIXTURES (all times UAE)
Sunday
Brescia v Lazio (3.30pm)
SPAL v Verona (6pm)
Genoa v Sassuolo (9pm)
AS Roma v Torino (11.45pm)
Monday
Bologna v Fiorentina (3.30pm)
AC Milan v Sampdoria (6pm)
Juventus v Cagliari (6pm)
Atalanta v Parma (6pm)
Lecce v Udinese (9pm)
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