DEWA calls on the public to watch livestreaming of the launch of DEWA-SAT2
Dubai Electricity and Water Authority (DEWA) has called upon the public to watch the live streaming of the launch of its second nanosatellite ‘DEWA Sat-2’. The 6U nanosatellite for remote sensing applications will be launched on Wednesday, 12th April 2023 from 10:30 am UAE time. The nanosatellite will be launched by SpaceX Falcon 9 […]
Saeed Mohammed Al Tayer inaugurates DEWA Disruptive Lab
Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), has inaugurated the DEWA Disruptive Lab (DDL) at Al Hudaiba building, which will serve as a hub to implement the Innovation and Future Shaping Framework. The move is in accordance with DEWA’s updated Innovation and Future Shaping Framework inspired by […]
Abu Dhabi’s Presight AI soars on market debut
Shares in Abu Dhabi big data analytics company Presight AI climbed as much as 176% on their stock market debut after raising 1.82 billion dirhams ($495.6 million) in an initial public offering (IPO) for almost a third of the business. Presight’s shares rose as high as 3.70 dirhams on the Abu Dhabi Securities Exchange […]
Saudi, UAE investors plan to invest in SpaceX – The Information
A unit of Saudi Arabia’s investment fund and an Abu Dhabi-based company are planning to invest in a multi-billion dollar funding round for Elon Musk-led SpaceX, The Information reported on Wednesday, citing people familiar with the discussions. The funding round is expected to value the rocket maker at about $140 billion, the report added. SpaceX […]
Smart Ball technology saves 130mln gallons of water: DEWA
Dubai Electricity and Water Authority (DEWA) has revealed that its Smart Ball technology has provided significant results in detecting leaks in water transmission underground pipelines. These are usually difficult to detect using traditional leak noise logging techniques due to depth. Since its utilisation in April 2021 and until the end of 2022, […]
Abu Dhabi’s Yahsat proposes 2% increase in dividend as revenues hit $433mln
The board of Al Yah Satellite Communications Company (Yahsat), partly owned by Abu Dhabi state investor Mubadala, has proposed a 2% increase in dividend, as revenues rose to more than $430 million. Total revenue for the full year of 2022 stood at 1.6 billion UAE dirhams ($433 million), up by 6% from the previous year and […]
‘We are proud’: Sheikh Hamdan sends UAE astronaut well wishes as team gears up for historic mission
Less than 24 hours remain for the UAE to undertake the Arab world’s first long-duration space mission, and excitement is running high for the launch of the landmark mission. The mission was given an official ‘Go’ today, and Emirati astronaut Sultan AlNeyadi – the UAE’s second ever – is all set for takeoff. The ‘Launch […]
UAE’s Tawazun Council sets up freezone for military, security sector
Tawazun Council, the defense and security acquisitions authority for the UAE Armed Forces and Abu Dhabi Police, has established a free zone dedicated to the military and security sector in Tawazun Industrial Park. The free zone covers 2.8 square kilometers and has been established to commence operations related to defense and security industries and associated […]
UAE: EDGE signs major $1.07bln milestone deal with Angolan Navy
EDGE Group today signed a major €1 billion (US$1.07) milestone contract which will see leading shipbuilder Abu Dhabi Ship Building (ADSB) build a fleet of best-in-class 71-metre corvettes for the Angolan Navy. The BR71 MKII corvette is a highly sophisticated vessel fitted with advanced mission systems, including a 3D radar, electronic warfare suite, […]
Abu Dhabi’s defence firm EDGE acquires majority stake in Estonia’s Milrem Robotics
Abu Dhabi state-backed defence conglomerate EDGE has acquired a majority stake in Estonia-based Milrem Robotics, a developer of robotics and autonomous systems that are sold to NATO member countries. The value of the transaction has not been disclosed. After the acquisition, EDGE will take majority control of the Estonian company, according to a statement on […]