Abu Dhabi / WAM The second day of the International Defence Exhibition (Idex) and the Naval Defence Exhibition (Navdex) 2021 has seen the UAE Armed Forces sign 11 new deals, worth AED 7.293 billion, with local and international companies. The cumulative value of deals signed at Idex and Navdex 2021 is now AED12.323 billion. Staff Brigadier-General Mohammed Al Hassani, Official ...

Abu Dhabi / WAM His Highness Sheikh Nahyan bin Zayed Al Nahyan, Chairman of the Board of Trustees of Zayed bin Sultan Al Nahyan Charitable and Humanitarian Foundation, has inaugurated the Emirati multi-mission vessel “Saadiyat”, marking its joining to the UAE Navy’s existing fleet. During the celebration, HH Sheikh Nahyan expressed his pride in joining the members of UAE’s naval ...

ABU DHABI / WAM Tawazun and MBDA have signed a head of terms agreement with the intent to cooperate in the field of smart guided weapon systems. Matar Ali Romaithi, Chief Officer of the Economic Development Unit at Tawazun and Florent Duleux, Group Export Sales Director at MBDA, signed the document during this year’s Idex exhibition in the presence of ...

Abu Dhabi / WAM The launch of the 15th edition of the International Defence Exhibition and Conference (Idex) and the Naval Defence and Maritime Security Exhibition (Navdex) 2021 at the Abu Dhabi National Exhibition Centre (Adnec) heralded a period of recovery from the coronavirus (Covid-19) pandemic, underscoring the importance of global cooperation in addressing the impact of the pandemic on ...

By President Joe Biden’s own admission, defeating Donald Trump was the main motivating force of his campaign. As his administration clarifies its economic agenda, however, it’s becoming clear that Biden’s true legacy lies not in rolling back Trump’s policies but in refining them. Of course there are many differences, in both style and substance, between Biden and Trump. Yet the ...

At a time when most major companies are working on plans to cut their carbon emissions, one of the darlings of green investing is working to increase its emissions footprint. You read that right. Thanks to its explosive expansion in China and a planned car plant in India, Tesla Inc is in the process of not just increasing the total ...

The message the European Central Bank (ECB) has sent by objecting to Deutsche Bank AG’s proposed bonus pool is unmistakable in the midst of a pandemic, but the banking regulator needs to be careful about unintended consequences. The European Union is on a concerted post-Brexit drive to lure highly-paid bankers to the continent from the City of London. Regardless of ...

A new division has opened up within what used to be called the “West.” Divesting white supremacism of political legitimacy, the United States has begun a fresh reckoning with its past of slavery and begun to meaningfully acknowledge its demographic diversity. At the same time, the ruling classes of both France and Britain are loudly recoiling from a similar self-examination, ...

Bloomberg Democrats begin the final push for President Joe Biden’s $1.9 trillion stimulus bill this week, dropping any pretense of bipartisanship to quickly pass the package before an earlier round of benefits runs out. This will be the first real test for Democrats’ full control of government since former President Donald Trump’s impeachment trial, with implications for the rest of ...

Bloomberg Romania’s economy outperformed the rest of the European Union (EU) last quarter as the government opted not to impose the kind of harsh lockdown that shuttered most of the continent. Output not only grew from the previous three months, but surged more than 10 times what analysts had expected. The expansion of 5.3% puts it ahead of all other ...