INSEAD Day 4 - 728x90

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

EDGE to supply intelligence capabilities to the UAE armed forces in $1bn deal

EDGE to supply intelligence capabilities to the UAE armed forces in $1 billion deal.
  • Announced at the International Defence Exhibition and Conference (IDEX 2023), the contract will be executed over four years
  • Launched in November 2019, EDGE converges R&D, emerging technologies and commercial market innovations with military capabilities

Abu Dhabi, UAE:– EDGE, a leading advanced technology and defence group, has signed a contract valued at $1.08 billion to provide tactical communications and data-link solutions to the UAE Armed Forces. 

Announced at the International Defence Exhibition and Conference (IDEX 2023), the contract will be executed over four years.

“We feel immense pride in signing this AED 4 billion contract with the UAE Armed Forces, which is testament to the reliability of our technologies as well as the trust that our customers place in our solutions,” Waleid Al Mesmari, Senior Vice President – Electronic Warfare & Cyber Technologies, EDGE, said. “Designed to meet future standards, our comprehensive and interoperable solutions will fortify the UAE’s current capability with improved network communication that increases voice and data services linked into a broader range of UAE Armed Forces for both domestic and international operations while also ensuring national tactical data-link sovereignty in line with the UAE Leadership’s mandate.”

Launched in November 2019, the EDGE converges R&D, emerging technologies, digital transformation, and commercial market innovations with military capabilities to develop disruptive solutions tailored to the specific requirements of its customers.