Abu Dhabi’s Thuraya gets to work on next-gen satellite

Dubai: By now, putting a satellite together for the UAE’s Thuraya should be as easy as picking something off the shelf. But Adnan Al Muhairi, Deputy Chief Technical Officer at Mubadala’s Yahsat, Thuraya’s parent company, says it’s not even remotely like that. Over the next few years, Thuraya has to work with a network of […]

Taos SUV: This is why VW crushed the Beetle

Automakers are so eager to replace less-lucrative cars with higher-margin SUVs, they’re willing to scrap iconic nameplates along the way. Volkswagen AG’s newest North American model, the Taos, is perhaps the starkest example of this yet. The German automaker made room to manufacture the compact sport utility vehicle in its Mexican assembly plant by ceasing […]

Abu Dhabi’s International Holdings Co. invests 39m pounds in UK COVID-19 testing pioneer

Abu Dhabi: International Holdings Company (IHC) of Abu Dhabi has invested 39 million pounds in Oxford Nanopore Technologies as part of an 84.4 million pound equity raising exercise by the UK firm, which is a pioneered in DNA sequencing technology. The funds will support the group’s commercial and manufacturing operations, including supporting Oxford Nanopore as it scales […]