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South Korea's Foreign Minister Affirms Commitment to National Interests
South Korea Delays Announcement of US Investment Deal Due to Procedural Issues
Goldman Sachs now sees Fed hiking again in October
South Korea Considers Military Deployment to Strait of Hormuz
China to Enhance International Cooperation on Small Modular Reactor Technology
U.S. Denies Visa to Palestinian President Mahmoud Abbas for UN General Assembly
Mitsui OSK to Sell Older Oil Tankers as Vessel Prices Surge
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US temporarily eases curb on working hours for fuel truck drivers
U.S. House passes bill aimed at shielding households from data center power costs
Mark Walter and Todd Boehly sell Chelsea stakes to Clearlake
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IMF says Australia may need further interest rate rises to tame inflation
Venezuela Aluminum Heads to US; Heeney Eyes Gold Deal
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Gulf AI adoption fast outpacing security controls
Pisa education tests produce mixed bag in Middle East
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Treasuries Pare Losses From Fed Hike, Dollar Gains: Markets Wrap
Trump Announces Progress on New Agreement Between Washington and Mexico
OpenAI to regularly disclose AI misbehavior, warns safety challenges remain
Google should relax ad tech rules, appoint antitrust monitor, US judge finds
European Stocks Expected to Open Modestly Higher
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Donald Trump says Canada’s bid for EU ‘associate membership’ is a ‘hostile act’
US Imposes Sanctions on Palestinian Authority Officials and PLO Members
U.S. stock futures rise after hawkish Fed dents Wall St
People's Bank of China Expected to Set USD/CNY Reference Rate at 6.7241
Snap Partners with Verizon to Launch Custom Data Plans and Financing Options
New Zealand Economy Beats Estimates, Boosting Rate-Hike Bets
Snap Introduces New AI Services and Partnerships for Spectacles
ExxonMobil Close to Investment Agreement in Venezuela's Oil Fields
OpenAI Discloses Six New Incidents of ‘Concerning' A.I. Behavior
KLEA Finance Daily: Wednesday, September 16, 2026
IMF Advises RBA to Maintain Tightening Bias Amid Inflation Risks
Fed Rate Hike Raises Costs of Funding Global Commerce
BOJ Faces Higher Bar to Support Yen After Fed’s Hawkish Hike
Nuclear Power Services Firm Holtec Postpones Planned US IPO
OpenAI Reports Six New AI Safety Incidents and Introduces Disclosure Framework
US House Approves Legislation to Transfer Electrical Grid Upgrade Costs to Data Centers
Holtec Nuclear suspends planned US IPO
Boehly, Walter Sell Chelsea Stakes to Clearlake After Feud
Gold Holds Decline After Fed Tilts Hawkish and Raises Rates
The SpaceX IPO Gave This Couple License to Chase Their Dreams
Trump to Discuss Postwar Strategy with Gulf Leaders at UN General Assembly
Judge Orders Data Sharing and Other Fixes to Solve Google’s Ad Tech Monopoly
U.S. House of Representatives Poised to Pass Data Center Cost Bill
Snap targets enterprises with Salesforce, Nvidia AI tools for augmented-reality glasses
Snap Partners with Nvidia, AWS, and Salesforce to Target Enterprise Market with AR Glasses
Bank of England Expected to Hold Rates Amid Rising Energy Costs
Trump to Discuss Iran Strategy with Gulf Leaders in New York
China Evergrande New Energy Vehicle Group Reports FY2025 Financial Results
Alberta Changing Oil Royalty Regime to Spur Growth, Premier Says
Fed to Pressure Asian FX With Yen in Focus, Strategists Say
Exxon advances talks to return to Venezuela’s Orinoco Belt, sources say
New Zealand Q2 GDP up more than expected, but growth remains sluggish
Explosive-Laden Drone Targets Iranian Kurdish Opposition Camp in Iraq
Italian Prime Minister Criticizes Spanish Government's Statements
Italian Prime Minister Meloni Discusses Schengen Suspension in Context of Spain
Holtec pulls IPO over ‘perfect storm’ in AI sector, founder says
Trump Criticizes Federal Reserve Following Rate Hike Support from Warsh
OpenAI Tests Sponsored AI Agents in ChatGPT Ads
The 40-Minute Phone Call That Left Ed Sheeran’s Tour Hanging by a Thread
UAE to build first satellites for France’s AI space project
UAE company Marlan Space and US company Loft Orbital are leading a consortium in a $1 billion investment in France to build Altair-Next Gen, the world’s largest artificial intelligence (AI) satellite infrastructure.
The first 50 satellites will be manufactured in the UAE.
Orbitworks, a commercial low Earth orbit satellite developer, will produce the satellites at its facility in Kezad, Abu Dhabi, the state-run Wam news agency reported.
Orbitworks was formed in 2024 as a joint venture between Marlan Space, the space investment unit of Abu Dhabi’s International Holding Company (IHC), and space-infrastructure company Loft Orbital.
The initial phase will comprise 50 satellites carrying radar, optical and other sensors, serving the French, European and UAE governments, as well as global commercial and sovereign customers.
The plan was announced and signed at the International Space Summit in Paris by Marlan Space and Loft Orbital, in the presence of Emmanuel Macron
Loft Orbital, which operates more than 100 payloads and 20 AI missions in orbit, will provide technological innovations, products and operational experience.
The first applications for the Altair-Next Gen network will be in the maritime industry, wildfire detection and disaster response, and the security of ports and critical infrastructure. Altair-Next Gen satellites analyse what they observe while still in orbit and transmit the event, not the raw imagery.
Further reading:
- Space is ready for its Apple moment, Orbitworks CEO says
- Space42 predicts expansion as security concerns rise
- Meme stock or moonshot? SpaceX’s post-IPO risk matrix
This week IHC signed an agreement to acquire an 80 percent stake in Marlan Space.
The Abu Dhabi company is part of a business conglomerate led by its chair, Sheikh Tahnoun bin Zayed Al Nahyan, the UAE’s national security adviser and brother of President Sheikh Mohammed bin Zayed Al Nahyan.
IHC shares closed 0.2 percent higher at AED389 on Wednesday and are down almost 8 percent so far this year.
Source: AGBI