Search Site

Roche to buy Poseida Therapeutics

The $1.5 billion deal is due to close in early 2025.

BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

Turkey buys drones from firm where Erdogan kin is CTO

  • The UAVs, called Akinci, have been made by private drone-maker Baykar
  • The Turkish military on Sunday took delivery of these drones, whose name means “raider” in Turkish

Turkey has inducted locally-made drones into its fleet of unmanned aerial vehicles or UAVs, local reports have said.

The UAVs have been made by private drone-maker Baykar, said the local reports.

It may be noted that Baykar’s chief technology officer is Selcuk Bayraktar, son-in-law of the country’s president Recep Tayyip Erdogan.

The military of Turkey on Sunday took delivery of these drones, which are called Akinci. The name means “raider” in Turkish.

It is the most advanced and sophisticated drone developed by Turkey so far, said the local reports.

Baykar said Akinci can attack targets in the air and on the ground, and operate alongside fighter jets

It added that the drones can fly higher and stay in the air longer than Turkey’s existing UAVs.

The drones are expected to carry various weaponry, including a range of missiles developed by Turkish contractor Roketsan.

The local reports quoted Erdogan as saying at the delivery ceremony: “With the Akinci, Turkey has become one of the top three countries in the world producing that technology.”

Erdgoan also reportedly said on the occasion that the country’s defense industry would be a locomotive of every other success that Turkey would achieve in the period ahead.

He added: “Cutting the defense industry’s external dependency to 20 percent from 80 percent in such short time is one of greatest achievements in the history of the republic.”