UAE signs defence deals worth Dh4.97b on the first day of Idex

Abu Dhabi: UAE Armed Forces signed deals worth Dh4.97 billion with various international and local companies to purchase arms and other equipment to boost the country’s defence capabilities, organisers announced on the first day of the International Defence Exhibition that kicked off on Sunday. American, Russian as well as European companies won some of the […]

Singapore plans cautious budget

Singapore: Singapore Finance Minister Heng Swee Keat will aim to strike a delicate balance in Monday’s budget: preaching fiscal prudence while doling out more social spending ahead of elections that could come as early as this year. While not expected to be as headline-grabbing as last year — when Heng flagged a hike in the […]

Tax capital gains to tap big fortunes: Gates

Seattle Bill Gates is concerned about the high budget deficits being run by the US, and said if taxes are ultimately increased to make up the shortfall, then it’s appropriate for wealthy people to pay much higher taxes. “We only collect about 20 per cent of GDP and we spend like 24 per cent of […]

Dh19.7 billion defence deals eyed at Idex this week

Abu Dhabi: International Defence Exhibition (Idex) 2019 is set to kick off in Abu Dhabi on Sunday amid growing spending by Gulf countries in the defence sector to meet security challenges. Hundreds of defence companies will be taking part in the five-day event that will be held at Abu Dhabi National Exhibition Centre. The number […]

Ind Inc promoters forced to draw loans by pledging their holdings

Mumbai: The stress in corporate India seems to be more deep seated than what is coming out from earnings numbers. A large number of India Inc promoters has been forced to draw loans by pledging their holdings in the company and keep their entities afloat. The top of the list is the Adani Group where […]

Can US soybeans find a new home in the Middle East?

Dubai: The US is looking to the Middle East to help it reduce its surplus of soybeans, a key US agricultural staple hit by the US-China trade war. “Obviously, soybeans, we have a large supply, a large quantity available, and we’re constantly looking for new markets and new growth opportunities there,” said Ken Isley, Administrator […]

Idex 2019 opens in Abu Dhabi

Abu Dhabi: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Shaikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, yesterday launched an amphibious army tanker dubbed “The Monster” at Idex. Showcased for the […]

Middle East’s largest arms expo gets underway

Abu Dhabi: International Defence Exhibition, Idex 2019 got underway in Abu Dhabi with hundreds of companies displaying their latest defence equipment as security challenges grow in the region and across the world. More than 1,310 defence firms are participating in the five day event that is being held at Abu Dhabi National Exhibition Centre. The […]