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Technologies

Yahsat and e& UAE to bring satellite connectivity to standard smartphones

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Yahsat and e& UAE to bring satellite connectivity to standard smartphones

  • Yahsat’s Direct-to-Device (D2D) strategy aims to enhance global connectivity by directly enabling smartphone users and IoT devices to harness the capabilities of SpaceTech, irrespective of their location
  • The two leading companies join forces to drive global connectivity forward as part of Yahsat’s recently launched D2D strategy – Project SKY

Abu Dhabi, United Arab Emirates, 14 March 2024: Al Yah Satellite Communications Company (ADX: YAHSAT), the UAE’s flagship satellite solutions provider, and e& UAE signed a Memorandum of Understanding (MoU). According to this MoU, e& UAE is set to become the first telecom operator to partner with Yahsat under its Direct-to-Device (D2D) strategy.

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Business & Investments

ADNOC Drilling Receives Shareholder Approval for $358 Million Final 2023 Dividend

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ADNOC Drilling Receives Shareholder Approval for $358 Million Final 2023 Dividend and Reconfirms its AI-Enabled Accelerated Growth Commitments at Annual General Assembly Meeting

Increased final dividend amounts to $358 million (8.22 fils/share) and brings total 2023 dividend to $717 million (16.45 fils/share) representing a 5% year-on-year increase versus 2022.

Company reaffirms its commitment to deliver highly attractive shareholder returns and progressive dividend policy.

Company sets out robust growth strategy for 2024, embracing AI, digitization, and advanced technologies as it capitalizes on considerable growth opportunities.

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Business & Investments

Al-Matiyah Investment and Business Forum in Dubai concludes on a positive note

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In the presence of Sheikh Faisal bin Obaid bin Suhail Al Maktoum, Ali bin Abdullah Al Mualla, Ammar bin Salem Al Qasimi, Sheikh Humaid bin Khalid Al Qasimi, His Excellency Awad Mohammed bin Sheikh Mejren, His Excellency Dr. Juma Madani, Chairman of the Board of Directors of Al Mattiya Investment and CEO of Al Awad Petroleum, and His Excellency Munira Al Balushi, Vice Chairman of the Board of Directors.

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Ramadan Kareem

UAE Food Bank launches initiative to distribute 5 million meals during Ramadan

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UAE Food Bank launches initiative to distribute 5 million meals during Ramadan

–         The Bank aims at distributing an average of 166,666 meals daily to beneficiaries both locally and internationally.

–         The initiative aims to provide food to over half a million families and more than three million workers.

–         Five sub-initiatives have been implemented to collect and distribute surplus food and minimize food waste; in addition to 25 educational programs

–         Over 5,000 volunteers will participate in supporting the implementation of the bank’s activities during Ramadan.

–         More than 350 strategic partners, including food facilities, hotels, and restaurants, will be involved in the initiative.

–         The Food Bank has reached 35 million beneficiaries locally and globally since its establishment in 2017.

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