UAE's Thuraya is After Saudi Satellite Communication Market

The security and defense sectors depend on satellite communications solutions to maintain information security and quality of service (Asharq Al-Awsat)
The security and defense sectors depend on satellite communications solutions to maintain information security and quality of service (Asharq Al-Awsat)
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UAE's Thuraya is After Saudi Satellite Communication Market

The security and defense sectors depend on satellite communications solutions to maintain information security and quality of service (Asharq Al-Awsat)
The security and defense sectors depend on satellite communications solutions to maintain information security and quality of service (Asharq Al-Awsat)

Thuraya, UAE's mobile satellite services company, is looking to seize new opportunities and expand its activities in the Saudi market.

Thuraya has been operating in the Saudi market for more than 20 years and provides the Kingdom's military sectors with all services related to mobile satellite communications.

Thuraya's Chief Executive Officer (CEO), Sulaiman Al Ali, told Asharq Al-Awsat that the company wants to boost its partnership with the Saudi government and defense sectors.

The current communications developments seek to provide services that include capabilities, information security, and equipment development, said Al Ali.

He noted the importance of the Kingdom's orientation to localize the military sectors after years of experience during the past years.

The CEO stated that the current generation is familiar with technology and capable of taking the next step, stressing that his company is working with its Saudi partners to localize specific areas to support local industries, especially since investors are interested in the local market.

The company continues to look for new investment opportunities in the Kingdom and other countries, especially in communication services and solutions, according to Al Ali.

He pointed out that the company is engaged in promising discussions with several Saudi institutions to achieve its goals.

Al Ali said that the World Defense Show, recently held in Riyadh, constitutes an important platform that brings regional and international operators together to create significant opportunities for dialogue.

Several new devices that serve the military and defense sectors are being developed, said Al Ali, noting that the company primarily focuses on helping government agencies and international relief organizations.

He indicated that satellite communication devices are widely used, noting that they are also required in the commercial sector that suffers from poor communication networks.

Defense institutions are always looking for reliable partners to obtain comprehensive solutions based on interoperability, said Al Ali, stressing that Thuraya provides safety, security, and flexibility.

It can add a variety of solutions and applications that meet customer needs, including voice and data communications and push-to-talk (PTT), remote monitoring and disaster recovery, and border control.

Thuraya expanded its current commercial activities regionally and globally and provided new services.

It is preparing to launch top solutions, including next-generation satellite internet devices, said Al Ali, adding that it is cooperating with new distributors, such as Cobham, to provide satellite internet services in Libya, the Philippines, and Sudan.

He touched on Thuraya's new PTT radio communications over the Internet, indicating that it will interest the Saudi market as it supports many in need sectors.

Al Ali added that the service would achieve a fundamental transformation in the sector and enable users to extend their voice communications to wherever their equipment or teams are.



Where Trump's Tariffs Could Hurt Americans' Wallets

FILE PHOTO: A 3D-printed miniature model of US President Donald Trump, US Flag and word "Tariffs" are seen in this illustration taken, April 2, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: A 3D-printed miniature model of US President Donald Trump, US Flag and word "Tariffs" are seen in this illustration taken, April 2, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
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Where Trump's Tariffs Could Hurt Americans' Wallets

FILE PHOTO: A 3D-printed miniature model of US President Donald Trump, US Flag and word "Tariffs" are seen in this illustration taken, April 2, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: A 3D-printed miniature model of US President Donald Trump, US Flag and word "Tariffs" are seen in this illustration taken, April 2, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

As global financial markets plunge in the wake of US President Donald Trump's "Liberation Day" tariffs, Americans must also grapple with the potentially long-lasting impact of the move on household budgets.

The tariffs -- which are paid in the first instance by US importers -- will likely push up the price of many household items in the United States and reduce consumers' spending power.

Grocery store costs

The US imports a growing share of the fresh fruits and vegetables consumed each year, according to the US Department of Agriculture (USDA).

Many of the fresh goods come from Canada and Mexico, two countries not immediately affected by the tariffs announced Wednesday.

But other goods will be hit by the stinging duties set to come into effect this month.

For example, the United States imports large quantities of bananas from the Latin American countries of Guatemala, Ecuador and Costa Rica, which will all face a 10 percent tariff from April 5.

Coffee -- around 80 percent of which is imported, according to the USDA -- is likely to see a price increase, given that top exporters Brazil and Colombia will also face the new baseline 10 percent rate.

Olive oil and alcohol imports from Italy, Spain and Greece will be hit with a new 20 percent levy against the European Union from April 9.

And Thai jasmine rice and Indian basmati rice will face tariffs of 36 percent and 26 percent respectively, while Indian shrimp -- which the US imports large quantities of -- will face the same 26 percent rate.

Electronics and cars

Consumer electronics are also set to be hit with steep tariffs this month, given how many of products are manufactured or assembled in India and China.

Despite moves to expand its supply chain, Apple still makes the vast majority of its iPhones in China, through supplier Foxconn, where hardware exports will be hit with a tariff totaling 54 percent from April 9.

Apple analyst Ming-Chi Kuo predicted that US buyers of high-end iPhones, who account for as much as 70 percent of sales, are "relatively more accepting of price increases."

On top of the measures announced Wednesday, the Trump administration has also rolled out a 25 percent tariff against vehicles not made in the United States -- a step analysts have warned could add thousands to the cost of the average car.

Shoes, clothes

Shares of clothing and textile companies, which rely on cheap labor in countries including China and Vietnam, fell sharply Thursday, with Nike sinking more than 13 percent and Gap tanking more than 20 percent.

The new tariffs announced Wednesday mean imports to the United States from China and Vietnam will be taxed at 54 percent and 46 percent respectively.

Yale's Budget Lab estimated the effect of recent tariffs, up to and including Wednesday's announcement, would cause a 17 percent rise in the cost of clothing and textiles.

The think tank calculated that the overall effect on prices of the tariffs announced so far was equivalent to an average per household consumer loss of $3,800.

Speaking to reporters on Thursday, Trump insisted that tariffs would make the United States "very rich."

"The operation is over," he said, referring to the recent tariff announcement. "And now we let it settle in."