Airbus signed up to build satellite for UAE’s Thuraya in $500m project

Dubai: UAE’s first home grown satellite operator Thuraya has signed a contract with Airbus to build next-generation satellites, Thuraya’s CEO Ali Al Hashemi said during a webinar on Thursday. It is scheduled for operation in 2024. Thuraya, a unit of Mubadala’s Yahsat, offers communications solutions to a variety of sectors including energy, government, broadcast media, maritime, […]

DP World joins UK government’s travel advisory group

Dubai: DP World will be part of the UK Government’s Transport Advisory Group as the country steps up its plans to negotiate trade deals. The group will provide industry experience and strategic expertise. The talks are entering a crucial stage. See More US: Hurricane Laura makes landfall in Louisiana You can get this Aston Martin DB5 […]

Pakistan plans to tap pockets of citizens overseas to boost reserves

Islamabad: Pakistan is moving a step closer to raising funds from its citizens living overseas through bonds or deposits, as the central bank seeks to tap a new pool of savings to boost foreign exchange reserves. The plan involves allowing non-resident Pakistanis to open digital accounts starting next week to allow the diaspora to invest […]

Amazon founder Jeff Bezos 1st person ever to be worth over $200 billion

Amazon Founder and CEO Jeff Bezos has become the first person ever whose net worth soared over $200 billion, according to Forbes and Bloomberg Billionaires Index. The net worth of the world’s richest person went up by $4.9 billion after Amazon stock edged up two per cent as of Wednesday afternoon, Forbes reported. ALSO SEE […]