Al Yah Satellite Communications (Yahsat) – the satellite operator owned by Mubadala Investment Company – announced a partnership with aerospace firm Airbus on Thursday to build Thuraya 4-NGS, the next generation mobile telecommunications system.
The latest commitment from Yahsat will see an initial investment of more than $500 million (Dh1.84 billion) that will be funded by the satellite operator and its mobile satellite services subsidiary Thuraya. The company said it is planning to invest more in the coming years.
Based on the all-electric Airbus Eurostar Neo Platform, Thuraya 4-NGS is scheduled to go live in 2024.
“Thuraya 4-NGS is a key milestone in our ongoing mission to provide advanced yet affordable satellite solutions with levels of performance, reliability and security at the leading edge of today’s technology,” said Khaled Al Qubaisi, chairman of Yahsat’s board of directors and chief executive of Mubadala’s Aerospace, Renewables & ICT platform.
“The Dh2bn commitment underscores our position as a market leader, pioneer and disruptor. We are creating a multipurpose and flexible satellite ecosystem that is attuned for growth and future diversification,” he said.
Thuraya 4-NGS will deliver “higher capabilities and flexibility” while increasing coverage across Europe, Africa, Central Asia and the Middle East. It will enable next generation mobility solutions for all customers, including defence, government and enterprise.
This programme is a “culmination of many years of business development efforts by both Thuraya and Yahsat” and it will be funded by the companies, said Yahsat chief executive Masood Mahmood, while speaking to journalists virtually.
“Yahsat has been here for 13 years … [it] has a strong financial position and balance sheet to complement the project. Thuraya also has a great ability to generate cash, but it just needed a shot in the arm … that it has got from Yahsat with support from our shareholder Mubadala,” Mr Mahmood said.
As part of an agreement with Airbus, there is an option to build an additional satellite identical to Thuraya 4-NGS to strengthen the coverage and capabilities across the Asia-Pacific region.
“This move has come at a right time … potential and opportunities are huge … our combined solid financials and future possibilities make us extremely confident,” Mr Mahmood said.
After acquiring a majority stake in Thuraya in 2018, Yahsat became the sixth-largest satellite operator in the world in terms of revenue. Thuraya’s two satellites, serving over 160 countries, have expanded the group’s satellite fleet to five.
Yahsat said the new project is a major milestone towards transforming Thuraya and rolling out its next-generation system. It includes complete overhaul of Thuraya’s space and ground platforms, and enabling a new set of services, products and solutions.
Thuraya, which has more than 250,000 subscribers, said the new capabilities will give it a headway across many strategic product lines such as maritime, the Internet of Things and data solutions, while reinforcing its strengths in the mobile satellite services (MSS) voice market.
“We are diversifying … shifting from MSS solutions to more data-centric and solution-ready platforms,” said Ali Al Hashemi, chief executive of Thuraya and general manager of Yahsat Government Solutions.
The MSS retail market is estimated to reach $8bn worldwide by 2030, growing at a compound annual growth rate of 6 per cent, said Mr Hashemi.
“We are only in the beginning of the mobile data revolution. Going forward, Thuraya will focus on capturing the biggest share of the mobile satellite data service industry,” he added.
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UAE currency: the story behind the money in your pockets
2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, (Leon banned).
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.
Museum of the Future in numbers
- 78 metres is the height of the museum
- 30,000 square metres is its total area
- 17,000 square metres is the length of the stainless steel facade
- 14 kilometres is the length of LED lights used on the facade
- 1,024 individual pieces make up the exterior
- 7 floors in all, with one for administrative offices
- 2,400 diagonally intersecting steel members frame the torus shape
- 100 species of trees and plants dot the gardens
- Dh145 is the price of a ticket
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The%20specs
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Innotech Profile
Date started: 2013
Founder/CEO: Othman Al Mandhari
Based: Muscat, Oman
Sector: Additive manufacturing, 3D printing technologies
Size: 15 full-time employees
Stage: Seed stage and seeking Series A round of financing
Investors: Oman Technology Fund from 2017 to 2019, exited through an agreement with a new investor to secure new funding that it under negotiation right now.
The Specs:
The Specs:
Engine: 2.9-litre, V6 twin-turbo
Transmission: 8-speed automatic
Power: 444bhp
Torque: 600Nm
Price: AED 356,580 incl VAT
On sale: now.
The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
Terror attacks in Paris, November 13, 2015
- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany
- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people
- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed
- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest
- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France
Bawaal%20
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Disclaimer
Director: Alfonso Cuaron
Stars: Cate Blanchett, Kevin Kline, Lesley Manville
Rating: 4/5
Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
The specs
Engine: 8.0-litre, quad-turbo 16-cylinder
Transmission: 7-speed auto
0-100kmh 2.3 seconds
0-200kmh 5.5 seconds
0-300kmh 11.6 seconds
Power: 1500hp
Torque: 1600Nm
Price: Dh13,400,000
On sale: now
10 tips for entry-level job seekers
- Have an up-to-date, professional LinkedIn profile. If you don’t have a LinkedIn account, set one up today. Avoid poor-quality profile pictures with distracting backgrounds. Include a professional summary and begin to grow your network.
- Keep track of the job trends in your sector through the news. Apply for job alerts at your dream organisations and the types of jobs you want – LinkedIn uses AI to share similar relevant jobs based on your selections.
- Double check that you’ve highlighted relevant skills on your resume and LinkedIn profile.
- For most entry-level jobs, your resume will first be filtered by an applicant tracking system for keywords. Look closely at the description of the job you are applying for and mirror the language as much as possible (while being honest and accurate about your skills and experience).
- Keep your CV professional and in a simple format – make sure you tailor your cover letter and application to the company and role.
- Go online and look for details on job specifications for your target position. Make a list of skills required and set yourself some learning goals to tick off all the necessary skills one by one.
- Don’t be afraid to reach outside your immediate friends and family to other acquaintances and let them know you are looking for new opportunities.
- Make sure you’ve set your LinkedIn profile to signal that you are “open to opportunities”. Also be sure to use LinkedIn to search for people who are still actively hiring by searching for those that have the headline “I’m hiring” or “We’re hiring” in their profile.
- Prepare for online interviews using mock interview tools. Even before landing interviews, it can be useful to start practising.
- Be professional and patient. Always be professional with whoever you are interacting with throughout your search process, this will be remembered. You need to be patient, dedicated and not give up on your search. Candidates need to make sure they are following up appropriately for roles they have applied.
Arda Atalay, head of Mena private sector at LinkedIn Talent Solutions, Rudy Bier, managing partner of Kinetic Business Solutions and Ben Kinerman Daltrey, co-founder of KinFitz
COMPANY%20PROFILE
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Padmaavat
Director: Sanjay Leela Bhansali
Starring: Ranveer Singh, Deepika Padukone, Shahid Kapoor, Jim Sarbh
3.5/5
