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Secret $80bn bomber praised by Pentagon inspector general

Bloomberg The Air Force’s classified next-generation bomber programme began with a solid plan for meeting cost goals and warfighting requirements, which include an option to fly unmanned missions, according to a newly declassified audit from the Pentagon’s inspector general. The challenge will be sticking to that plan. The early praise for the $80 billion B-21 programme came about a month ...

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IoT market in UAE to reach $35bn by 2019

Ajman / Emirates Business With the UAE’s Internet of Things (IoT) market tripling over the next two years, 2018 will be the vital year for organisations to undergo digital transformation, industry experts said on the sidelines of the Smart Life exhibition, sponsored by Ajman Bank. The UAE’s IoT market is set to more than triple to $35 billion by 2019, ...

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ADNOC Distribution valued at $11-14 billion before IPO

ABU DHABI / Reuters The distribution unit of Abu Dhabi National Oil Co (ADNOC) could command a valuation of between $11 billion and $14 billion, according to fund managers who have seen research reports on the firm before an initial public offer of its shares. The research notes were prepared by analysts at banks which are advising ADNOC on the ...

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