Thursday 25 February 2021

UAE residents plan to cut non-essential spending in 2021

Over half (53%) of UAE residents had to cut their non-essential spending in the past six months in order to cover expenses, and more than three-fourths (77%) are likely to continue doing so in the future.   YouGov’s latest report ‘On the money: Globa


SDF, Edge to manufacture weapon system components in UAE

Strategic Development Fund (SDF), the investment arm of Tawazun Economic Council, said its joint venture with Australia’s leading defence and technology companies, EOS Defence Systems, has signed a collaboration agreement with Edge Precision Industries for the manufacturing and supply o


Tawazun, Yahsat to develop Made in UAE satcom solutions

Tawazun Economic Council has signed a MoU with UAE’s flagship satellite services operator, Yahsat to set up a new company that will develop critical in-country capabilities in relation to the manufacturing of advanced satcom solutions within the UAE.   The


Dutch group MDT to set up first regional office in Qatar

Netherlands-based MTD has joined hands with Madaeen Al Doha, a leading business group in Qatar with interests in key sectors such as contracting, services, sports, media, food and beverage, entertainment and technology, to set up its first regional company, MTD Middle East Central Trading &am


Al Tariq showcases precision guided missiles system at IDEX

Al Tariq, an Edge Group company involved in the design and manufacturing of precision guided munitions (PGMs), is showcasing its integration of the Al Tariq guidance kit on a newly developed penetration warhead at the ongoing  International Defence Exhibition & Conference (IDEX 2021)


Agthia,Veolia renew commitment to sustainability initiatives

Agthia Group, a leading regional food and beverages company, has announced that it continues to propel its partnership with Veolia, a global leader in optimized resource management, via successful sustainability initiatives launched over the past year.    T


GFH acquires distribution facility in Chicago

GFH Financial Group (GFH) has acquired a mission-critical distribution facility in Chicago, Illinois, which has been leased since November 2015 to blue chip tenant, Michelin North America, an international tire brand. The transaction, valued at over c.$135 million, marks the cont


EDGE, Lockheed Martin sign industrial partnership

EDGE, the UAE’s advanced technology group for defence, has signed an agreement with Lockheed Martin, the US-based global technology leader, to explore industrial participation opportunities across the UAE’s aerospace and defence industry.   Under the terms of the


Mammoet adds new cranes to Mideast fleet

Mammoet, the world’s largest engineered heavy lifting and transport service provider, has expanded its fleet with the addition of eight cranes in the Middle East, Africa and Caspian (MEA) region.   Established in the region for over 40 years, Mammoet MEA p


Halcon unveils UAE’s first air defence missile

Halcon, a regional leader in the production and supply of precision-guided weapons, has unveiled SkyKnight - the first UAE designed and manufactured counter-rocket, artillery, and mortar (C-RAM) missile system. SkyKnight is on display at the International Defence and Exhibition C

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