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Tag: emirates

Saudi Arabia signs $3.2B deal for South Korean air defense systems

Defense
CHRISTCHURCH, New Zealand — South Korea will export air defense systems to Saudi Arabia as part of a $3.2 billion deal signed in November,...

House advances arms sales bill supported by defense industry

Defense
The House Foreign Affairs Committee on Tuesday narrowly advanced 26-20 an arms sale bill largely along party lines that has pitted defense industry groups...

Boeing in ‘Last Chance Saloon,’ Says Emirates President

Supply Chain & Logistics
The president of Emirates airline has warned Boeing that it is in the "last chance saloon," saying he had seen a "progressive decline" in...

UAE’s Central Bank Initiates Historic Cross-Border Digital Dirham Transfer to China

Blockchain
On January 29, Sheikh Mansour Bin Zayed Al Nahyan, Chairman of the Board of the Central Bank of the UAE, marked a momentous occasion...

South Korea to start mass production of KF-21 fighter jets

Defense
MANILA, Philippines — South Korea will build 40 KF-21 Boramae fighter jets this year with the 238.7 billion won (U.S. $178.6 million) allocated for...

US Approves $3.99 Billion Deal To Sell India 31 Advanced MQ-9B SkyGuardian Drones

Defense
US Approves $3.99 Billion Deal To Sell India 31 Advanced MQ-9B SkyGuardian Drones Friday, February 02, 2024 by Indian Defence News While the Indian Navy will...

Mideast defense firms fine-tune unmanned surface vessels

Defense
ABU DHABI, United Arab Emirates — While aerial unmanned systems were a major focus of the recent UMEX drone fair here, a handful of...

House eyes higher dollar thresholds for arms sales notices to Congress

Defense
WASHINGTON ― A House task force established to speed up the foreign military sales process will debate its first bill in the Foreign Affairs...

US DOJ Indicts Three Individuals Involved in $1.89 Billion Crypto Fraud Scheme

Blockchain
The US Department of Justice (DOJ) has brought charges against three people for defrauding investors of nearly $2 billion. According to the DOJ, the individuals...

Seychelles’ ConnextFX Taps Simon Andras as Group CEO

Blockchain
The retail FX and Contract for Difference (CFD) broker ConnextFX has appointed Simon Andras as the Group CEO and Executive Director. This appointment marks a significant...

HyperVerse’s Alleged Ponzi Scheme Raked in Nearly $2B, Hired Actor as Fake CEO

Blockchain
The SEC lawsuit alleges that Sam Lee, an Australian founder who lives in the United Arab Emirates, and Brenda "Bitcoin Beutee" Chunga, a promoter...

Mideast waters challenge unmanned vessels, says US Navy leader

Defense
ABU DHABI, United Arab Emirates — Operational and environmental challenges in Middle Eastern waters are hindering the pace of innovation around unmanned surface vessels,...
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