Aerospace

Boeing reports first revenue decline in 7 quarters as production drops

Boeing reports first revenue decline in 7 quarters as production drops

Company reported $16.57 billion in quarterly revenue, down from $17.92 billion in Q1 of 2023

Shareholders of Abu Dhabi’s Bayanat and Yahsat to vote on merger to create SPACE42 valued at $4.1 billion on April 25

Shareholders of Abu Dhabi’s Bayanat and Yahsat to vote on merger to create SPACE42 valued at $4.1 billion on April 25

SPACE42 set to achieve significant cost and revenue synergies by cross-selling and up-selling existing solutions

Dubai Aerospace Enterprise inks $420 million unsecured 5-year term loan

Dubai Aerospace Enterprise inks $420 million unsecured 5-year term loan

The loan will support the future financing needs of the business, DAE stated

Abu Dhabi reveals Middle East’s largest quantum optical ground station for secure space communications

Abu Dhabi reveals Middle East’s largest quantum optical ground station for secure space communications

According to Abu Dhabi's TII, the station is the first of its kind in the Arab world

PIF invests in aerospace engineering company, Saudia Technic

PIF invests in aerospace engineering company, Saudia Technic

Investment supports 1 million square meter MRO village in Jeddah

Dubai Airshow 2023 examines the future of the aerospace sector

Hospitality & Tourism

Dubai Airshow 2023 examines the future of the aerospace sector

The event hosts over 1,400 companies from 95 countries

Saudi Arabia to establish SAR1 bn in satellite manufacturing facility

Saudi Arabia to establish SAR1 bn in satellite manufacturing facility

Saudi Arabia set to become a leader in the aerospace industry