This is a temporary backup site for TRENDS MENA while our primary website is being restored following a regional disruption affecting Amazon Web Services cloud infrastructure in the GCC.

Search Site

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Masar 2025 net profit $262m

Higher land plot sales boost revenue and operating income.

Tasnee’s 2025 losses deepen

The petrochemicals' company's revenue also fell 17.7 percent.

DP World 2025 revenue $24.4bn

The profit for the year up 32.2% to reach $1.96bn.

BYD 2025 revenue surges

The EV manufacturer reported net profit of $.3.3bn for 9M 2025.

Israeli weapons-maker Elbit Systems launches UAE venture

  • Elbit Systems is the manufacturer of the Hermes armed drone and cutting-edge surveillance technology.
  • Israeli air force commander Amikam Norkin was in the UAE over the weekend to attend the Dubai Airshow

Israeli weapons-maker Elbit Systems launched a new venture in the United Arab Emirates on Sunday, an announcement that comes ahead of visits to Dubai by senior Israeli military officials.

The manufacturer of the Hermes armed drone and cutting-edge surveillance technology, among other products, hailed the announcement as a product of the so-called Abraham Accords that saw Israel establish diplomatic ties with several Arab states including the UAE last year.

The new venture, Elbit Systems Emirates, “will seek to foster a long-term cooperation with the United Arab Emirates (UAE) Armed Forces,” the Israeli firm said in a statement.

Company vice president Ran Kril said, “the Abraham Accords provide a sound basis for business collaborations in the region”, calling the UAE one of the region’s “important new markets” for Elbit.

Israeli air force commander Amikam Norkin was in the UAE over the weekend to attend the Dubai Airshow, after his Emirati counterpart visited Israel last month to observe Israel’s largest-ever joint military drill.

Defence Minister and former Israeli military chief of staff Benny Gantz and other senior defense officials are due to visit Dubai next week to inaugurate “the first-ever national pavilion” at the air show, Gantz’s office said in a statement.

Other leading Israel defense industry firms, including giant Rafael, will participate in the exhibit, his office said.