Author: head dubai

The group CEO of the UAE’s satellites solutions company intends to treble the amount of oil rigs that it now connects.

As soon as its Thuraya-4 subsequent-generation Satellite (NGS) launches next year, Al Yah Satellite Communications, also known as Yahsat, plans to provide a wide range of new applications and services, including telemedicine.

According to Ali Al Hashemi, the company’s group chief executive, the satellite is expected to start providing commercial services by 2025.

According to him, the UAE-based provider of satellite solutions anticipates shortly twice the number of drilling rigs to which it presently supplies satellite access.

“By 2025, we anticipate beginning to provide a new aerial service with Thuraya-4 that will provide a variety of services, including telemedicine. According to Mr. Al Hashemi, Thuraya-4 would have 20 fresh applications, including both government and commercial ones.

The maritime, governmental, & IoT [Internet of Things] consumer groups, in particular, will benefit from the diverse platform of over 20 capabilities that this satellite will provide. It will be a significant strategic step that will propel us toward profitability and growth.
Mubadala Investment Company’s subsidiary, founded in 2007, provides multi-mission satellites services in more than 150 nations throughout Europe, the Arabian Peninsula, Africa, South America, Asia, and Australasia. Mubadala Investment Company is the sovereign investment arm of Abu Dhabi.

The infrastructure sector, which continues to be the group’s largest business division and provides customized solutions to government bodies, performed well, helping the company record a 5% increase in first-half earnings this year.

Thuraya, its mobility division, provides satellite-based mobile devices solutions to a variety of clientele, including fishing communities.

The corporation intends to raise investments even further in its commercial business segments, which include marine, education and health care, and oil and gas. To address the need for satellite access, it also plans to provide mobile and fixed satellite services.

Beyond the fishing sector in Vietnam & the Philippines, which are its main customers, the company is also attempting to bring its Thuraya MarineStar service to other countries like Indonesia through its mobility arm Thuraya.
The firm is currently preparing for an explosive growth path with a good amount of cash on its balance sheets and no debt, he said.

“The Internet of Things, direct-to-device, and satellite imagery are the three big growth narratives that we are looking at very closely,” said Mr. Al Hashemi.

We believe that 6G-based IoT networks will support enormous data-driven applications as well as grow our user base because the the next-generation 6G wireless communication networks are anticipated to launch shortly and incorporate artificial intelligence.

The fourth European regional office of the Dubai International Chamber, among the three organizations functioning under the Dubai Chambers umbrella, has been formally opened in the Netherlands. The new office, the chamber’s 25th overseas location overall, was opened yesterday evening in Amsterdam during a formal ceremony.
Mohammad Ali Rashed Lootah, the president and chief executive officer of Dubai Chambers, commented on the opening, saying: “The establishment of our fourth place office in Europe signifies another crucial step toward attaining our strategic targets. As part of the wise leadership’s economic goals, our Amsterdam office will be crucial in assisting Dubai-based businesses in effectively entering important European markets, luring foreign direct investment, as well as fostering the expansion of bilateral commerce.

The new office will give Dutch businesses looking to enter the emirate, develop into the Middle East, and go global targeted on-ground help. The trade association has also discovered lucrative chances for joint partnerships in sectors including agriculture, chemicals, and creative industries.

In 2022, bilateral non-oil trade among Dubai and Netherlands was worth AED 11.5 billion. In the initial eight months of 2023 alone, 236 Dutch businesses registered as members of the Dubai Chamber of Commerce, bringing the overall number of Dutch members to 1,520. This shows the Dutch business community’s keen interest in Dubai as it reflects an outstanding 35% growth over the same period in 2022.

Due to its advantageous location and top-notch logistical infrastructure, Dubai has become a favoured trading hub for Dutch businesses with international aspirations. The Emirate of Dubai serves as a point of entry for companies in the Netherlands & the rest of Europe wishing to increase their global reach by providing simple communication with over 2.2 billion customers.

One of three chamber operating under the Dubai Chambers umbrella, the Dubai International Chamber, was created to promote Dubai as a major international commercial centre, draw multinational corporations, and strengthen the emirate’s trade links with developing markets. The chamber is charged with achieving His Highness Sheikh Mohammed’s goal of doubling Dubai’s exports form AED 1.4 trillion to AED 2 trillion by the year 2026.

Access to capital, workspaces, and other growth possibilities will be provided under the Business Development in Dubai initiative.
As the emirate advances with its goal of becoming a digital economy powerhouse, Dubai’s Chamber of Digital Economy officially launched a new platform targeted at attracting and assisting digital-focused start-ups.

The business incubator in Dubai program, which was initially unveiled in June, has been marketed as a centralized location that will close access gaps for start-ups to capital, workspaces, and other chances for growth.

Together with public and commercial organizations, the program also strives to increase their economic contribution to Dubai.

Seven additional partners are included in the initiative: the Dubai World Trade Center, telecom provider du, Dubai Islamic Bank, Mashreq, the Commercial Bank of Dubai, Tecom Group’s in5 start-up incubator, and workspace provider Letswork.

A preliminary agreement had been signed by their most senior managers at the event on Monday to formally confirm their participation.
The new partners include existing ones including Telr and Safexpay, as well as telecom provider e& (formerly known as Etisalat), Dubai Commercial City, and.

The Business in the United Arab Emirates program is built on two main pillars: a company-matching service that will pair businesses with partners, investors, and clients, and a wide range of institutional amenities provided in collaboration with the partners of the Dubai Chamber.

Additionally, incentives will be included to entice additional domestic and foreign digital start-ups to locate in the emirate.

Companies with a digital focus are “extremely important,” thus we work to meet their needs. Although we are aware of Dubai’s positive support for its citizens, Ahmad bin Byat, the vice president of the Dubai Business Chamber of the Digital Economy, said reporters at the conference that businesses need certain assistance.

According to him, the initiative’s partner banks will form specialized teams to help startups.

It won’t just be cost-effective; it will also be more effective. These businesses can access our platform and obtain the services instead of traveling to several locations, and our crew is also accessible to assist.