Raytheon sees growing opportunities in the region

Abu Dhabi: Raytheon, one of the top defence firms in the world sees growing opportunities in the region and has opened its new office in Abu Dhabi to cater to the demand. “We continue to see growing opportunities, certainly with the regional instability and things that are happening in the area,” said Alan Davis, chief […]

UAE signs deals worth Dh7b on the second day of Idex

Abu Dhabi: UAE Armed Forces signed deals worth Dh7 billion with various international and local companies to purchase arms and other equipment to boost the country’s defence capabilities, organisers announced on the second day of the International Defence Exhibition on Monday. International as well as local companies won some of the biggest deals announced, including […]

Defense and Security Development Fund and Halcon sign Dh193m deal

Abu Dhabi: The Defence and Security Development Fund of Tawazun Economic Council signed a funding agreement of Dh193 million with Halcon Systems, a company owned by the Abu Dhabi-based Yas Holding Group. The first phase of the agreement is to set up production lines and further expand Halcon’s existing capabilities to cater for local and […]

28 firms secure Dh4.8 billion defence deals on third day of Idex in Abu Dhabi

Abu Dhabi: The UAE Armed Forces signed deals worth Dh4.8 billion on the third day of Idex, organisers announced on Tuesday. Twenty local firms and eight international companies won the deals including firms from Jordan, Turkey, Pakistan, Russia and the United States. Contracts worth Dh514 million were awarded to international firms whereas local companies were […]

LuLu Financial Group acquires digital money licence in Philippines

Dubai: LuLu-Phils International Exchange, Inc. a subsidiary of the UAE-based LuLu Financial Group, has received approval from Bangko Sentral ng Pilipinas (BPS) to diversify into electronic money, it said on Tuesday. BSP has granted the electronic money issuer (EMI) licence, which allows LuLu-Phils International Exchange to move into the digital wallet space. LuLu-Phils International Exchange […]