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Idex 2021: Deals worth Dh20.95 billion signed in five days


Idex 2021: Deals worth Dh20.95 billion signed in five days
Photo by Ryan Lim / Khaleej Times
Twenty deals worth Dh904 million were closed on the last day of the exhibitions.
The UAE Armed Forces on Thursday announced signing deals worth Dh20.95 billion during the five-day run of the International Defence Exhibition (Idex) and the Naval Defence Exhibition (Navdex) in Abu Dhabi. On the final day of the expo, 20 deals worth Dh904 million were inked.
Staff Brigadier-General Mohammed Al Hassani, official spokesperson of the exhibitions, said 15 local and five international companies secured contracts on Thursday, with Abu Dhabi-headquartered International Golden Group (Dh222 million) and Germany-based Atlas Elektronik (Dh170 million) grabbing the top deals. ....

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Top SAMI executive talks joint ventures, acquisitions and the Biden administration


Top SAMI executive talks joint ventures, acquisitions and the Biden administration
The CEO of Saudi Arabian Military Industries, Walid Abukhaled, spoke with Defense News at IDEX.
ABU DHABI, United Arab Emirates Despite the Biden administration’s recent freeze on two munition sales to Saudi Arabia as part of a new Yemen policy, one of the kingdom’s defense industry conglomerates has gone ahead with joint ventures with American firms Lockheed Martin and L3Harris Technologies.
The moves by Saudi Arabian Military Industries are part of the kingdom’s economic plan, Vision 2030, which aims boost the domestic industry and increase technology transfer into local sectors. And it is Walid Abukhaled, the CEO of SAMI, who is charged with accomplishing these goals. ....

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8@8 with David Light: Wednesday, February 24

It s Wednesday, Wednesday, got to get down on Wednesday! Let s face it, every day in the UAE gives us a reason to be cheerful and we get to begin them t. ....

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