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Rosoboronexport, Jordanian firm Jadara to Manufacture Kornet-E ATGM in Jordan-IDEX 2021 Our Bureau 1614
Kornet-E Anti tank guided missile (ATGM)
Russia’s Rosoboronexport and Jordanian company Jadara Equipment and Defense Systems (JEDS) have agreed to open a licensed production of Kornet-E anti-tank guided missiles (ATGM) in Jordan.
As part of the IDEX-2021 exhibition currently underway in Abu Dhabi, the parties agreed to organize licensed assembly of 9M133-1 and 9M133F-1 missiles for the Kornet-E ATGM system.
“Kornet-E is one of the most effective and highly sought anti-tank systems in the global arms market, which has prompted our colleagues from Jordan to establish joint production on their territory,” said Viktor Kladov, Director for International Cooperation and Regional Policy Department of Rostec State Corporation.
UAE hotels revenues, occupancy likely to move lower this year
DUBAI, February 2, 2021 UAE hotels braved a tough year in 2020 and are looking to 2021 with hope following the vaccine rollout. However, increased upcoming supply amid a slow revival in demand will see revenue and occupancy levels likely move lower in 2021, according to Cavendish Maxwell, a leading property consultancy and chartered surveying firm providing services in the Middle East and Africa. As expected, 2020 was a tough year for the hospitality industry in the UAE, with several hotels in shuttering on a temporary or permanent basis. However, some others have used the pandemic as an opportunity to revisit and cut operating costs thereby improving margins not only for 2020 but beyond. As a result, they have successfully brought down the occupancy rate required to break-even, which is lower than the typical 40 per cent, said the expert in its Q4 2020 UAE Property Market Report, containing key da