Search Site

TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

Germany ready to sell Eurofighter jets to Saudi Arabia: minister

Germany, Britain, Italy and Spain jointly build the Eurofighter jets and each can veto deals. (AFP)
  • Annalena Baerbock noted that Saudi Arabia and Israel had "not renounced their policy of normalisation" since war broke out
  • "The fact that Saudi Arabia is now intercepting missiles fired by the Houthis at Israel underlines this, and we are grateful for that," she added

Jerusalem, Undefined– Germany is ready to allow sales of Eurofighter jets to Saudi Arabia, Foreign Minister Annalena Baerbock said Sunday, having for years blocked arms deals with the Gulf kingdom.

Germany, Britain, Italy and Spain jointly build the jet and each can veto deals.

Berlin has blocked one deal, sought by London, since 2018.

“We do not see ourselves, as the German federal government, opposing British considerations on other Eurofighter (sales),” Baerbock told journalists on a trip to Israel, in which she highlighted the Saudi role in the Middle East security crisis since the eruption of the Israel-Hamas war on October 7.

Germany has blocked arms sales to Riyadh since 2018. That includes blocking a deal for 48 Eurofighter jets signed by Saudi Crown Prince Mohammed bin Salman in London.

Baerbock noted that Saudi Arabia and Israel had “not renounced their policy of normalisation” since war broke out.

“The fact that Saudi Arabia is now intercepting missiles fired by the Houthis at Israel underlines this, and we are grateful for that,” she added.

“The fact that the Saudi air force also uses Eurofighters in this context is an open secret,” the minister continued.

“Saudi Arabia is a key contributor to Israel’s security, even these days, and is helping to stem the risk of a regional conflagration.”