INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

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

UAE, Egypt discuss cooperation in defense industries

The two sides discussed opportunities for strengthening the overall relations between the UAE and Egypt, most notably in defense industries. (WAM)
  • The two sides discussed opportunities for strengthening the overall relations between the UAE and Egypt.
  • They discussed promoting partnerships between the defense industry of the two countries.

CAIRO, EGYPT – A high-level UAE delegation, on a visit to Egypt, met with senior officials of the Egyptian Ministry of Defense.

Major General Dr. Mubarak Saeed bin Ghafan Al Jabri, Assistant Under-Secretary for Support and Defense Industries at the Ministry of Defense of UAE met with Major General Kamal Wafaa Radwan, Head of the Armament Authority of the Egyptian Ministry of Defense.

The two sides discussed opportunities for strengthening the overall relations between the UAE and Egypt, most notably in defense industries and promoting partnerships between the defense companies of the two countries.

The two sides discussed mutual cooperation as well as the mechanisms for facilitating business among defense industry companies from both countries and integrating their research and development.

Maj Gen Al Jabri also met with Maj Gen Mokhtar Abdel Latif, Head of the Arab Organization for Industrialization and invited him for the International Defense Exhibition and Conference (IDEX) 2023 and the Naval Defense Exhibition and Conference (NAVDEX) 2023, in Abu Dhabi.

The Emirati delegation visited the organization’s exhibition and was briefed about the host country’s plans to encourage local industrialization, utilize local technologies and promote the concept of “Made in Egypt”.

The meeting also addressed the future of defense industries in the two countries, especially entrepreneurship, advanced technologies, the Fourth Industrial Revolution, training citizen cadres, strategic partnerships with major international producers and supporting research and development.

Maj Gen Al Jabri lauded the vision of UAE President Sheikh Mohamed bin Zayed Al Nahyan and Egypt President Abdel Fattah El-Sisi and their support for efforts to develop the defense industries of their countries and achieve economic diversification.