Home Page - Gulf in the Media
HomePoliticsEconomy                                          Set Gulfinthemedia.com as home page
Economy
 Print  Send This Page
Save Listen to this Article
$ 1 Billion Space Centre   

Khaleej Times - 25 February, 2009

Abu Dhabi-based technology firm Hydra Trading has agreed to join a US company in an ambitious $ 1 billion project to build the Middle East’s first satellite listening centre and to launch four satellites over the next several years, company officials said on Tuesday.
The Gulf Satellite Programme calls for the construction of the so-called 4C Gulf Earth Observation Centre (GEOC), in collaboration with 4C Controls Inc. of the US. The timetable calls for two satellites to be sent aloft by mid-2012, a third one by 2013 and a fourth at a later date, said company officials on the sidelines of the International Defence Exhibition, or IDEX 2009.

In a related move, Mubadala Development Company subsidiary Yahsat announced plans to launch a $ 1 billion hybrid military and communications satellite later this year.

The GEOC would house a receiving station with facilities to acquire, process and distribute high resolution data from both optical and radar satellites, and it should place Abu Dhabi on the world’s ‘space map’, officials said.

“The centre will be a major step towards further development of space research and technology in the region,” said Dr Mohamad Zahran, Hydra Trading’s Director General.

“We also intend to create a talent pool specialised in the most advanced space technologies,” he said.

The 10,000-metre centre will focus on defence, civilian security and surveillance, emergency risk management, environmental protection, geology, forestry, hydrology, maritime management, cartography and planning.

“Having 4C’s GEOC in Abu Dhabi will uniquely provide our region access to key technology, secure and timely data acquisition... which was not available to our regional customers,” said Khalid Abdulla Mubarak Al Buainnain, 4C Controls’ Executive Vice-President for Middle East Military and Defence Projects.

Jean-Robert Martin, Chairman of the 4C Controls Board, said the GEOC will form a global network of three ground stations spread across the Middle East, Africa and Latin America to collect satellite data and provide telemetry, tracking and control.

The facility also intends to offer university level courses in space engineering, in cooperation with Turin’s Politecnico Di Torino.
 
Saudi bank deposits rise to SR943.16bn in June
Source : Arab News  
Date : 2010-07-29
Robust public spending outlays and a moderate return in private sector activity supported stronger money supply and credit growth in Saudi Arabia in June, according to the latest central bank...
Qatar bank seeks 81% stake in UK Islamic lender
Source : ameinfo  
Date : 2010-07-29
Qatar International Islamic Bank has said it plans to raise its 11.2% stake significantly in Islamic Bank of Britain by offering to buy new shares, Reuters has reported....
Sohar Power ready to supply additional power from IWPP
Source : Oman Daily Observer  
Date : 2010-07-29
Sohar Power Company is hopeful of concluding before the year-end a long-term agreement with Oman Power and Water Procurement Company (OPWP) for the supply of additional power from its Independent...
FGB eyeing growth in revenues
Source : Gulf Daily News  
Date : 2010-07-29
Abu Dhabi's First Gulf Bank (FGB) missed forecasts with a two per cent rise in second-quarter profit yesterday though its chief executive expressed confidence in revenue growth from core operations....
BFC planning key revamp
Source : Gulf Daily News  
Date : 2010-07-29
Bahrain Financing Company (BFC) has entered into a partnership with three Bahrain-based consultancies to transform the look and feel of the company and its ongoing communications....
IIFM launches reference paper on key product
Source : Gulf Daily News  
Date : 2010-07-29
The International Islamic Financial Market (IIFM) yesterday released its reference paper on I'aadat Al Shira'a (repo alternative) concepts and structuring possibilities....
Aramco awards refinery deals
Source : Gulf Daily News  
Date : 2010-07-29
Saudi Aramco has signed contracts with international firms to build a multi-billion dollar refinery at Yanbu in the country's Red Sea coast, the state-run company said yesterday....
QIIB seeking UK stake
Source : Gulf Daily News  
Date : 2010-07-29
Qatar International Islamic Bank (QIIB) wants to raise its holding in Islamic Bank of Britain (IBB) to a "significant stake" by offering to buy new shares, it said yesterday....
BMI promotes Ebrahim as banking head
Source : Gulf Daily News  
Date : 2010-07-29
Bahraini retail and commercial banking institution BMI Bank yesterday announced the promotion of Bahraini Fathi Ebrahim to the position of head of wholesale banking....
Ahli United Bank posts net profit of $135.9m
Source : Gulf Daily News  
Date : 2010-07-29
Ahli United Bank (AUB) reported a net profit attributable to its shareholders of $135.9 million for the first half of this year, a 5.3 per cent drop compared to $143.5m...
Tamkeen-Bapco in key e-procurement project
Source : Gulf Daily News  
Date : 2010-07-29
Tamkeen and Bapco are jointly funding a project, supported by a consortium of the eight largest industrial firms in Bahrain, to develop electronic procurement systems for the benefit of local...
Emirates prepares to launch flights to Dakar
Source : ameinfo  
Date : 2010-07-29
Emirates airline is upping the tempo as it prepares to launch flights to Dakar, a West African city famous for its vibrant music scene. The airline has taken its message...
LuLu Hypermarket opens 79th outlet
Source : Oman Daily Observer  
Date : 2010-07-29
THE 79th branch of LuLu Hypermarket was inaugurated by Abdul Rahman Hossaimi and Yusuffali M A at Al Khurain in Kuwait yesterday....
Salalah Mills investing in new mill project
Source : Oman Daily Observer  
Date : 2010-07-29
Salalah Mills Company is making headway in the development of a new combined mill project for the production of flour and semolina, Chairman Ahmed bin Abdullah Saeed al Rawas said...
Iran, Iraq start new round of gas talks
Source : Zawya  
Date : 2010-07-29
High-ranking Iranian and Iraqi officials started new round of gas talks in Baghdad on Tuesday....
Strong rise in Al Jazeera Steel sales
Source : Oman Daily Observer  
Date : 2010-07-29
Al Jazeera Steel Products Co SAOG has reported an impressive 87 per cent growth in steel sales during the first half of this year....
Blast hits oil tanker near Iran
Source : Saudi Gazette  
Date : 2010-07-29
An explosion from a suspected attack hit a Japanese tanker early Wednesday in the Strait of Hormuz near Iran, officials said, spotlighting a potential threat in a chokepoint for global...
World-wide sukuk issuances rise two-fold to $ 13.7 billion in first half
Source : Khaleej Times  
Date : 2010-07-29
There has been surge in worldwide Sukuk issuance that saw a two-fold jump to 98 issuances raising to $ 13.7 billion in the first half of this year, up against...
UAE: Malls report an increase in shoplifting
Source : Zawya  
Date : 2010-07-29
Surveillance and security in major shopping malls, especially in areas which have labour camps, have been beefed up following an increase in the number of shoplifting incidents and theft....
Saudi Arabia: Ministry steps up food checks ahead of Ramadan
Source : Zawya  
Date : 2010-07-29
The Ministry of Municipal and Rural Affairs has told regional officials to step up checks on food outlets "to ensure compliance with health regulations and protect consumers" as Ramadan approaches....
Total 292 Results in 15 Pages
  4 
For more news, views and reports about this topic, please subscribe
to GRC website: www.grc.ae
Sun Aug 1, 2010| 21-شعبان-1431هـ
Saudi, Syrian leaders tackle Lebanese tension
Iraq likely to delay gas fields auction
Exiled Yemen opposition leader killed on return
UAE among top 20 medical tourism destination
Saudi Arabia, Jordan affirm backing to stability of Lebanon, Iraq
Malaysian-Kuwaiti ties extolled
Iran says ready for immediate nuclear fuel talks
'Saudi businesswomen need level playing field'
Kuwait's crude oil exports to Japan hit 2-year low
Young Bahrainis urged to vote carefully
New fleet to help Saudia meet increase in demand
Jeddah Economic Forum
    Newspaper Editorials
Defusing tension in Lebanon
Lebanese summit
More>>  
    Opinions
Iran and Russia: Pies Falling from the Skies
Israeli plan to attack Iran
More>>  
    GCC Press Agencies
Day's main stories from the GCC Press Agencies
    Reports
Kuwaiti PM outlines development plan
More>>  
    Bank Reports
Banque Saudi Fransi Report
Saudi Stock Market Report
More>>  
    GRC Analysis
Saudi Mediation in Afghanistan
Media have an environmental role to play
    GRC Commentary
Non-Traditional Security Takes Precedence
We must transition to renewable energy
    GRC Book Review
Beyond Regionalism? Regional Cooperation, Regionalism and Regionalization in the Middle East
India, GCC and the Global Energy Regime: Exploring Interdependence and Outlook for Collaboration.
    GRC Press Release
Gulf Research Center press releases to the media
    GRC Publications
The Explanatory Power of the Rentier State Theory Drawing on the Example of Dubai
Russian and CIS Relations with the Gulf Region: Current Trends in Political and Economic Dynamics
India’s Growing Role in the Gulf: Implications for the Region and the United States
    GRC Newsletters/Bulletins
GRC Newsletter
Security & Terrorism Research Bulletin
The GRC Economic Research Bulletin
The GRC Environment Research Bulletin
Gulf-Asia Research Bulletin
GCC-EU Research Bulletin

Enter your email to get the Newsletter
Go
    Book Reviews
More>>  
    Opinion Poll
Download Software | Privacy Policy | Contact Us | Terms & Conditions | About Us | Feedback |
Weather | Qibla Directions | Hijri Date Conversion Tool
Full Page :total time:0  |   02-- 02 Middle Page :0  --   | Right : 02 - 02--en--sess-enreq-en-coming