Sunday 21 September 2014
 
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defence

Qatar signs $11 billion arms accord with US

The United States has signed an agreement with Qatar to sell the Gulf Arab ally Apache attack helicopters and Patriot and Javelin air-defense systems valued at $11 billion. "Today's signing ceremony underscores the strong

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A&D sector faces new wave of structural challenges

After a record year, the aerospace and defence (A&D) industry is likely on the verge of a new wave of major structural transformation and possible M&A moves, at the same time that commercial aerospace may be reaching its peak and as the

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BAE plans to revamp Saudi operations

Europe's biggest defence contractor BAE Systems said it would reorganise its interests in Saudi Arabia into one company to enhance its relationship with Riyadh Wings, its partner there. The two groups will bring their activiti

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Iraq conflict puts spotlight on defence stocks

With the possibility of escalating violence in Iraq, stocks in the defence sector could garner more attention next week. The stock market and oil prices were rattled late in the week after violence in the nation escalated as a Sun

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Saudi world's 4th biggest defence spender

Saudi Arabia has emerged as the world’s fourth largest spender on national defence with the kingdom increasing its annual defence expenditure by $16 billion over the last five years, said a report. Saudi’s increasing d

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Oman Navy gets new BAE warship

UK defence contractor BAE Systems, which is part of a consortium that manufactures the Eurofighter Typhoon, said it has handed over three new warships to the Royal Navy of Oman. The delivery of two ships - Al Shamikh and AL Rahman

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Idex, Harris join forces for Abu Dhabi defence expo

International Defence Exhibition and Conference (Idex), an Adnec Group company, has signed a sponsorship deal with leading communications and information technology company Harris International for the upcoming Idex 2015 to be held in Abu Dhab

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Jordan group in defence production JV

King Abdullah II Design and Development Bureau (KADDB) has announced a strategic joint venture with Paramount Group, Africa’s largest defence and aerospace business, to boost the production of battle-tested and proven defence technologies

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Bahrain, Spain to boost defence, trade ties

Bahrain and Spain yesterday announced plans to upgrade defence, trade, tourism and cultural relations. This came as His Majesty King Hamad held official talks with Spanish King Juan Carlos at Gudaibiya Palace. The King welcomed th

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US ready to provide Gulf missile defence

A senior US official signalled optimism on Sunday about a possible resolution of the Iranian nuclear dispute but said Washington remained concerned that Iran's ballistic missiles threatened Gulf states. Frank Rose, US deputy a

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