Search Site

Trends banner

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

US approves sale of US$1bn anti-drone system to Qatar

An MQ-9 Reaper unmanned aerial vehicle. (AFP)
  • The announcement on the sale of the systems comes after repeated drone attacks claimed by Tehran-backed Houthi rebels elsewhere in the Gulf region
  • The State Department approved the possible sale, and the DSCA on Tuesday provided the required notification to Congress, which still needs to sign off on the transaction

Washington, United States— The US government on Tuesday announced the approval of a $1 billion sale of FS-LIDS counter-drone systems and other equipment to Qatar.

“The proposed sale will improve Qatar’s capability to meet current and future threats by providing electronic and kinetic defeat capabilities against Unmanned Aircraft Systems,” the US Defense Security Cooperation Agency (DSCA) said in a statement.

“The total estimated program cost is $1 billion. This proposed sale will support the foreign policy and national security objectives of the United States by helping to improve the security of a friendly country,” it added.

Also read: https://trendsmena.com/geostrategy/blinken-to-arrive-in-qatar-for-strategic-dialogue-world-cup/

The announcement on the sale of the systems comes after repeated drone attacks claimed by Tehran-backed Huthi rebels elsewhere in the Gulf region, and as Russian drone strikes against Ukrainian cities further highlight the threat posed by unmanned aircraft.

Also read: https://trendsmena.com/business/qatar-discusses-growth-of-digital-economy-with-us-embassy/

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