Bayanat AI PLC (ADX: BAYANAT), a leading provider of AI-powered geospatial solutions, and Al Yah Satellite Communications Company PJSC (ADX: Yahsat), the UAE’s flagship satellite solutions provider, today announced the successful launch of their first Low Earth Orbit (LEO) Synthetic Aperture Radar (SAR) satellite into orbit on August 16, 2024, in partnership with ICEYE, a pioneer in SAR satellite operations for earth observation, persistent monitoring, and natural catastrophe solutions.
Category: Economy
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ADDED includes 30 new activities to ‘Freelancer Licence’
The Abu Dhabi Business Centre (ADBC) at the Abu Dhabi Department of Economic Development (ADDED) announced the addition of 30 new activities to the Freelancer Licence.
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Salama reports a 67% increase in net profit in H1 2024
Islamic Arab Insurance Company (DFM listing: “Salama”), UAE’s largest Takaful solutions provider, has reported a net profit of AED 20.53 million, compared to AED 12.26 million during the same period in 2023.
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AD Ports Group completes Tbilisi Dry Port acquisition to become majority owner
AD Ports Group (ADX: ADPORTS) today announced the completion of the acquisition process of the Tbilisi Dry Port, which sees the Group become the majority owner with a 60% stake.
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Dubai Chambers signs MoU with Bank of China to support investors and enhance bilateral trade
Dubai Chambers has signed a Memorandum of Understanding (MoU) with Bank of China – Dubai Branch - to develop collaboration and enhance cooperation between the business communities in Dubai and China.
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Ajman real estate market soars with AED2 billion in July transactions, up 42.85%
The real estate market in Ajman continues its upward trend, recording 1468 real estate transactions in July with a total value of over AED2 billion, a growth of 42.85 percent year-on-year.
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China’s courier sector handles over 100 billion parcels so far this year
China's courier sector saw its delivery volume this year exceed 100 billion parcels on Tuesday, 71 days earlier than in 2023, signalling a booming consumer market, Xinhua News Agency reported, citing the State Post Bureau.
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Emirates to introduce retrofitted Boeing 777s to Zurich, Riyadh
Emirates today announced plans to introduce its newly retrofitted Boeing 777s to two more cities - Zurich and Riyadh from 1st October 2024.
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AD Ports Group reports 42% growth in total net profit in Q2-24
AD Ports Group on Tuesday announced that its total net profit reached AED439 million in Q2 2024, an increase of 42% Year-on-Year (YoY), while the net profit after minorities reached AED333 million in Q2 2024, an increase of 16% YoY.
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ADNOC Drilling to be added to MSCI’s flagship indexes on August 30
ADNOC Drilling Company has announced that its stock has been selected for inclusion in the prestigious MSCI indexes effective post market close on 30th August 2024.