ABU DHABI / WAM The third day of the International Defence Exhibition (Idex) and the Naval Defence Exhibition (Navdex) 2021 has seen the UAE Armed Forces sign 12 new deals, worth AED 5.589 billion, with local and international companies. The cumulative value of deals signed at Idex and Navdex 2021 is now AED 17.913 billion. Staff Brigadier-General Mohammed Al Hassani, ...

Bloomberg Oil rose near $62 a barrel with investment banks and traders predicting the market’s rally can go further. Futures in New York gained 0.8% on Tuesday and are up almost 30% so far this year. The market is heading towards what could be the tightest quarter since at least 2000, according to Morgan Stanley, while Socar Trading SA sees ...

ABU DHABI / WAM Tawazun Economic Council and the UAE’s flagship satellite services operator, Yahsat, have signed a Memorandum of Understanding (MoU) to establish a new company to develop critical in-country capabilities in relation to the development and manufacture of advanced satcom solutions within the UAE, with a focus on building intellectual property locally for increased national security and advanced ...