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Middle East

Israel’s Gilat Acquired By Comtech Telecommunications Corporation For $532.5 Million

Comtech Telecommunications Corp. and Gilat Satellite Networks Ltd. jointly announced on 29 January 2020 that Comtech has agreed to acquire Gilat in a cash and stock transaction for $10.25 per Gilat ordinary share of which 70% will be paid in cash and 30% in Comtech common stock, resulting in an enterprise value of approximately $532.5 million.

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Israel’s Gilat Believed To Be In Acquisition Talks With Unnamed Large Multinational Company

Israel's leading satellite network manufacturer and provider Gilat Satellite Networks Ltd., listed on the Tel Aviv Stock Exchange and Nasdaq, is believed to be in advanced discussions with a large, yet unnamed, multinational company that is interested in acquiring the Israeli firm, according to a report on Israeli tech news website CalcaList.com.

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Russia, Kazakhstan, and UAE To Proceed With Modernization Of Gagarin’s Start Launch Facility At Baikonur

Russia, Kazakhstan, and the United Arab Emirates (UAE) are set to proceed with a trilateral agreement to modernise the 'Gagarin's Start' launch complex at the Baikonur Cosmodrome in Kazakhstan, according to a 16 January 2020 report in Azerbaijan's Trend News Agency citing Russian and Kazakh sources.

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UAE’s MBRSC Extends Deadline For Second Astronaut Search To 31 March 2020

UAE astronaut

Given the very large turnout for registration to the second batch seeking to join the UAE Astronaut Programme, the Mohammed bin Rashid Space Centre (MBRSC) has extended the deadline for application submissions until 31 March 2020, aimed at providing Emiratis aspiring to engage in scientific exploration and manned space missions the opportunity to enrol in the programme.

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UAE Space Agency And Saudi Space Commission Activate Cooperative MoU

The UAE Space Agency and the Saudi Space Commission met on the sidelines of the Saudi-Emirati Coordination Council in Riyadh, the capital city of the Kingdom of Saudi Arabia, on 10 January 2020, where both parties officially activated their Memorandum of Understanding that was initially signed last year.

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