Israel's war with Iran incurred 35 billion shekels ($11.52 billion) in budgetary expenses, with 22 billion shekels of that going to defence, the Finance Ministry said on Sunday, citing a preliminary estimate.
Ukraine has agreed to co-operate on defence with the UAE and Qatar as President Volodymyr Zelenskiy travelled to both countries amid escalating tensions in the region. Zelenskiy is looking at signing 10-year partnership agreements with both the Gulf countries.
UAE's Ministry of Defence announced last night that the UAE air force and air defence forces have so far dealt with 165 ballistic missiles, two cruise missiles and 541 Iranian drones since the start of the Iranian attack.
Bahrain and France have signed a bilateral agreement on defence which includes strategic information sharing, thus opening up new opportunities for industrial co-operation in defence and strengthening solidarity between the two countries amid growing regional geopolitical tensions.
Estonia will participate in the World Defense Show 2026 in Riyadh, presenting its defence sector as a trusted partner in strengthening security through digital resilience, intelligent systems and field-ready technologies designed for today’s complex operating environment.
Lockheed Martin, a leading global security, defence and aerospace contractor, will be showcasing its advanced defence capabilities and expanded industrial partnership with the Kingdom of Saudi Arabia at the upcoming World Defence Show (WDS) 2026 in Riyadh.
UAE-based EDGE Group has signed a Defence Industry Cooperation Framework with Korea's Defense Acquisition Program Administration (DAPA) with defence cooperation under the framework expected to amount to $35 billion.
EDGE Group has signed a deal with Spain's EM&E Group to explore the establishment of a UAE-based joint venture, supported by a $1.5 billion commercial pipeline. Under this, EM&E will provide the latest technology in advanced remote weapon stations to UAE and other international markets.
EDGE Group, an UAE-based defence company, and Safran Electronics & Defence, an international technology group, have signed an agreement to jointly explore the development, production and commercialisation of advanced air-to-ground weapon systems.
EDGE, one of the world’s leading advanced technology and defence groups, has signed a landmark cooperation agreement worth $7 billion with Republikorp, Indonesia's leading defence holding company, to establish localised defence manufacturing in the South East Asian country.
