Cairo-based satellite operator Nilesat has reported its half-year numbers to the local stock exchange, and they are not good. Revenue for its half-year have fallen to $50.14 million (€49.1m), down from $59.49 million in the same period last year. Net earnings of Nilesat reached $18.70 million during the six-month period ended June 30th 2022, compared […]
Cairo-based Nilesat has declared its worst set of results for four years. The satellite operator’s revenue has declined for the fourth successive year from $156.22 million (€149m) in 2017 to $111.76 million at the year-end December 31st 2021. This represents a Y-o-Y decrease of 10.66 per cent from US$125.1 million compared to 2020 and 28.46 […]
On June 8th at 5:04 p.m. Eastern Time, a SpaceX workhorse Falcon 9 rocket launched Egypt’s Nilesat 301 satellite to a geosynchronous transfer orbit from Space Launch Complex 40 (SLC-40) at Cape Canaveral Space Force Station in Florida. Flying this mission was a first stage booster making its seventh flight. After it completed its main […]
This week SpaceX will launch Nilesat 301, Egypt’s latest addition to its long-established satellite fleet. But Cairo-based Nilesat has a few domestic problems of its own to address, and as a result is talking to fellow MENA states about deepening cooperation in space and TV broadcasting. Ahmed Anis, Chairman of the Egyptian Satellite Company, announced […]
SpaceX will launch the geostationary communications satellite NilesSat 301 on a Falcon 9 rocket on June 10th, subject to the usual weather considerations. Launch will take place from Cape Canaveral at 1am (Florida time). SpaceX says that at the request of the customer, the satellite will be inserted into a higher orbit that will need […]
NileSat has again seen its profits squeezed. It has recorded net profits of $7.27 million (€7m) during the first quarter of 2022, lower than $15.30 million in Q1 last year. NileSat’s revenues settled at $25.04 million in the first three months of this year, compared to $30.95 million during the same period a year earlier, […]
Egypt’s latest communications satellite, NileSat 301, has slipped a month from its expected launch date towards the end of April to later in May. The craft has been built by Thales Alenia Space and reportedly has been placed in its shipping container ready for delivery from Cannes Mandelieu by boat to Cape Canaveral. Launch is […]
Elon Musk has confirmed that SpaceX is targeting 60 launches during 2022 for its Falcon 9 rocket. Besides its own Starlink launches, the SpaceX client list includes NASA flights and various scientific missions as well as new obligations this coming winter from OneWeb which has abandoned planned launches by Russia. Musk, in a tweet, added […]
Nilesat revenue and profit numbers were released to the Cairo stock exchange on February 10th. Nilesat (officially the Egyptian Satellite Co.) reported net profit of $30.754 million for the year to December 31st 2021. This was down from $34.159 million (€30.9m) for the previous year. The numbers confirm the steady downward trend in the satellite […]
There was a major fire on November 15th near one of the Nilesat buildings near Cairo’s Media Production City. Six fire trucks and their crews fought the fire. Experts said that a heavy-duty transformer had caught fire although power to the satellite section of Nilesat was reportedly not affected. An inspection proved that the fire […]