Abu Dhabi-based Yahsat (Al Yah Satellite) will likely adopt a dividend pay-out proposal which will result in dividends being paid twice-yearly. The proposal has been adopted by the company’s directors and will be placed before shareholders at an upcoming AGM. Yahsat, in its statement, said: “Al Yah Satellite Communications Co (Yahsat) listed on the Abu […]
Yas Creative Hub, the home for Abu Dhabi’s media, gaming & entertainment sector, has reached the 95% completion mark, it was revealed today as twofour54 Abu Dhabi also announced that the first units will be ready to hand over to tenants by the end of this year. The 270,000 sq m (2.9 million sq.ft) sustainable […]
Abu Dhabi-based Yahsat used the Satellite 2021 show in Washington DC to announce that they have selected SpaceX to launch its upcoming mobile connectivity and broadband Thuraya 4-NGS satellite. The satellite will be launched on a SpaceX Falcon 9 rocket in the second half of 2023. The craft is being built by Airbus. Yahsat says […]
Abu Dhabi Media, the UAE’s public service broadcaster and media company, has announced the signing of an agreement with STARZPLAY, the MENA region SVoD service, to stream AFC tournaments of the national teams and clubs competitions. The broadcast rights in the UAE belong exclusively to Abu Dhabi Media, from 2021 to 2024. Beginning September, the […]
Al Yah Satellite (YahSat) started trading on the Abu Dhabi stock exchange on July 14th. The company, backed by sovereign wealth fund Mubadala, confirmed that it expected its next satellite to launch in H2/2023. Ali Al Hashemi, the operator’s CEO, said: “The launch is [in] the second half of 2023 and by the second half […]
Abu Dhabi’s Al Yah Satellite Communications (which trades as Yahsat) has set its indicative price range for its Initial Public Offering (IPO), and which shows it could raise up to 2.97 billion Dirhams (about $810 million) in what will be the first IPO on the Abu Dhabi stock exchange since 2017. The indicative range extends […]
The Abu Dhabi Investment Office (ADIO) is partnering with the SVoD service, STARZPLAY, to establish the company’s headquarters in Abu Dhabi. The partnership is part of ADIO’s AED 2 billion (€457m) Innovation Programme, an initiative of the Abu Dhabi government’s Ghadan 21 accelerator programme. Establishing its headquarters in Abu Dhabi with ADIO’s support will enable […]
Abu Dhabi is accelerating the growth of the Culture and Creative Industries (CCI) through a AED 30+ billion (€6.7bn) investment strategy that sees the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) cement its leadership position as the custodian of all the multidisciplinary sectors within the CCI. The Culture and Creative Industries […]
Abu Dhabi Police have arrested three people and raided several shops as part of a concerted effort against TV piracy, following a complaint from pay-TV operator OSN. “Piracy is causing enormous losses for the entertainment industry, the authorities and the end users,” declared Hanif Khan, director of anti-piracy and content security at OSN, who noted […]