Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Geostrategy

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

US approves $825 mn Stinger missile sale to Morocco

Members of the Moroccan royal armed forces (FAR) take part in the joint US military exercise "African Lion" in the Tan-Tan region in southwestern Morocco on May 31, 2024. AFP
By TRENDS Desk AFP
April 16, 2025 7:27 am
  • The proposed sale will improve Morocco's capability to meet current and future threats, the US Defense Security Cooperation Agency (DSCA) said in a statement
  • This will contribute to the Moroccan Army's goals of updating capability and further enhancing interoperability with the US and other allies, the statement added

Washington, United States – The United States on Tuesday announced the approval of an $825 million sale of up to 600 Stinger anti-air missiles and related equipment to Morocco.

“The proposed sale will improve Morocco’s capability to meet current and future threats. Morocco intends to use these defense articles and services to modernize its armed forces and expand its existing army short range air defense options,” the US Defense Security Cooperation Agency (DSCA) said in a statement.

“This will contribute to the Moroccan Army’s goals of updating capability and further enhancing interoperability with the US and other allies,” it said.

The State Department approved the possible sale and the DSCA on Tuesday provided the required notification to the US Congress, which still needs to sign off on the transaction.

[adinserter block="5"]

Most Read

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

GCC healthcare: Transforming the region and impacting the world

PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

New-Age Growth Comes Home to the GCC

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

[adinserter block="4"]