Abu Dhabi: The US is looking to reduce the costs of purchasing military equipment in the face of increased competition and fiscal responsibilities faced by potential buyers, said a senior US official on Sunday at IDEX. Speaking at a media round-table, Lieutenant General Charles Hooper, director of the Defence Security Cooperation Agency, acknowledged the changing […]
Food security is not just top of mind for Kizad and the clients of its food cluster, but for the UAE as a whole. Food security is defined by the Committee on World Food Security as availability, access, stability and utilisation of a country’s food system, encompassing the entire chain: production, distribution, acquisition, consumption, and […]
Islamabad: Saudi Arabia and Pakistan have signed memorandums of understanding in the energy and agriculture sectors, including one for a $10 billion (Dh36.73 billion) oil refinery in southwestern city of Gwadar, where China has helped build a deep water port. Saudi Arabia also signed a pact to provide Pakistan with crude oil and petroleum products […]
ABU DHABI: State-owned Saudi Arabian Military Industries (SAMI) aims to generate $10 billion (Dh36.7 billion) in revenue over the next five years, its chief executive said on Monday, as the wealth fund-backed group spearheads a drive to localise military spending. SAMI, owned by the Public Investment Fund, wants exports to account for 30 per cent […]
Berlin: European carmakers’ share rally this year might hit a roadblock as a US probe of auto imports raises the potential of new tariffs, with underperforming German manufacturers particularly at risk. US Commerce Secretary Wilbur Ross submitted a report to President Donald Trump on whether vehicles made abroad pose a national-security risk, according to a […]
Dubai: Tobacco products used in shisha will soon bear tax marks later this year, as the UAE government expands coverage of excise tax. The Federal Tax Authority (FTA) said on Sunday it will launch phase two of the “Marking Tobacco and Tobacco Products Scheme” starting from the fourth quarter of 2019, expanding it to cover tobacco […]
Agility provides end-to-end supply-chain solutions from freight, custom clearance, delivery, warehouse management (including inventory management) and distribution (transportation) services for fast-moving consumer goods (FMCG), in particular food items. Once cleared from customs, Agility delivers the containers to its temperature-controlled warehouses in the UAE. Containers are then unstuffed, inventory is segregated and managed to ensure First-In-First-Out System […]
LONDON: Japanese carmaker Honda is set to announce the closure of its Swindon car plant putting 3,500 jobs at risk, Sky News reported on Monday. Sky News said that the announcement by Honda could come on Tuesday, and that the plant was scheduled to close in 2022. Spokesmen for Honda were not immediately available to […]
Abu Dhabi: The UAE’s armed forces signed deals worth Dh7.017 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 (Idex) on Monday. International and local companies won some of the biggest deals announced, including Raytheon and […]
Abu Dhabi: The UAE is developing its first light attack aircraft and it is currently undergoing testing, a top executive said. The aircraft named B 250 is being manufactured by Abu Dhabi based defence firm, Calidus. It will be the first light attack aircraft (LCA) manufactured in the UAE. The plane has multi-role capabilities for […]