UAE Ministry of Defence sign big deals at Dubai Airshow

The UAE's Ministry of Defence signed AED 7.6 billion worth of deals on the first day of the Dubai Airshow.

That's according to officials, who say the 11 agreements involved the enhancement, maintenance and purchase of parts and ammunition for the country's Armed and Air Force.

Major-General Pilot Abdullah Al Sayyed Al Hashemi, Assistant Under-Secretary of the Ministry of Defence for Support Services, made the revelations on the second day of the airshow.

Low-cost carrier Air Arabia announced the purchase of 120 new Airbus planes in a deal worth $14 billion (over AED 51 billion) while Emirate Airline confirmed an order for 50 Airbus A350 wide-body jets.

More from Business

  • Wynn completes Al Marjan Island resort financing

    Wynn Resorts Limited announced on Friday that Wynn Al Marjan Island has obtained a $2.4 billion construction facility with a global syndicate of lenders to finance the development of Wynn Al Marjan Island, the first integrated resort in the United Arab Emirates.

  • India's central bank delivers first rate cut in nearly 5 years

    The Reserve Bank of India (RBI) cut its key repo rate for the first time in nearly five years on Friday to provide stimulus to the sluggish economy, which is expected to grow at its slowest pace in four years in the current fiscal year.

  • Dubai's GDP reaches AED339 bn in first nine months of 2024

    Dubai's Gross Domestic Product (GDP) grew by 3.1 per cent in the first nine months of 2024, compared to the same period in 2023, reaching AED 339.4 billion.

  • DP World’s container handling hits record high in 2024

    DP World’s ports and terminals handled a record 88.3 million twenty-foot equivalent units (TEUs) in 2024, up 8.3 per cent year-on-year despite macroeconomic headwinds and concerns over the outlook for global trade.

  • TECOM reports AED1.2 billion net profit

    TECOM Group PJSC on Thursday announced a record AED2.4 billion in revenue, representing an 11 per cent year-on-year (YoY) increase, resulting in a 14 per cent YoY increase in net profit to AED1.2 billion for the financial year ending December 31, 2024 (FY 2024).

Coming Up on Dubai Eye

  • Afternoons with Helen Farmer

    1:00pm - 4:00pm

    Every weekday afternoon, Helen Farmer will help you to navigate the highs and lows of life in the UAE. Stay up to date with what’s happening and where to go.

  • The Debrief

    4:00pm - 7:00pm

    Join Dane & Lucy on Dubai Eye 103.8 for The Debrief from 4pm to 7pm, the perfect way to unwind after a busy day at the office.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Is There Sufficient House Supply In UAE

    Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?

  • Noon's First Female Delivery Driver

    Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!