ARN News Centre

UAE Ministry of Defence sign big deals at Dubai Airshow

Tuesday, 19 November 2019 07:14

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

Aldar, Dubai Holding announce next phase of strategic partnership

Aldar and Dubai Holding have expanded their landmark joint venture, adding two strategic land plots in Dubai that will deliver almost 14,000 new homes with a combined gross development value (GDV) exceeding AED 38 billion.
Dubai regulator fines investment firm AED 1.8 million over compliance issues

The Dubai Financial Services Authority has fined Ark Capital Management Limited (Dubai) $504,000 (over AED 1.85 million) for regulatory breaches.
UAE, US sign framework to secure critical mineral supply chains

The UAE and the US have signed a framework on critical mineral supply chains, with plans to finance projects in each country in the next six months.
ERC inks agreement to develop teachers housing in Fiji

The Emirates Red Crescent (ERC) has signed an agreement to construct dedicated housing for teachers in Fiji's rural regions.
Dubai secures Canva regional headquarters in new tech partnership

Dubai is set to host Canva’s regional headquarters, strengthening the emirate’s growing role as a major hub for digital innovation and creative technology.