INSEAD Day 4 - 728x90

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Alujain widens 2025 loss

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

Germany ready to sell Eurofighter jets to Saudi Arabia: minister

Germany, Britain, Italy and Spain jointly build the Eurofighter jets and each can veto deals. (AFP)
  • Annalena Baerbock noted that Saudi Arabia and Israel had "not renounced their policy of normalisation" since war broke out
  • "The fact that Saudi Arabia is now intercepting missiles fired by the Houthis at Israel underlines this, and we are grateful for that," she added

Jerusalem, Undefined– Germany is ready to allow sales of Eurofighter jets to Saudi Arabia, Foreign Minister Annalena Baerbock said Sunday, having for years blocked arms deals with the Gulf kingdom.

Germany, Britain, Italy and Spain jointly build the jet and each can veto deals.

Berlin has blocked one deal, sought by London, since 2018.

“We do not see ourselves, as the German federal government, opposing British considerations on other Eurofighter (sales),” Baerbock told journalists on a trip to Israel, in which she highlighted the Saudi role in the Middle East security crisis since the eruption of the Israel-Hamas war on October 7.

Germany has blocked arms sales to Riyadh since 2018. That includes blocking a deal for 48 Eurofighter jets signed by Saudi Crown Prince Mohammed bin Salman in London.

Baerbock noted that Saudi Arabia and Israel had “not renounced their policy of normalisation” since war broke out.

“The fact that Saudi Arabia is now intercepting missiles fired by the Houthis at Israel underlines this, and we are grateful for that,” she added.

“The fact that the Saudi air force also uses Eurofighters in this context is an open secret,” the minister continued.

“Saudi Arabia is a key contributor to Israel’s security, even these days, and is helping to stem the risk of a regional conflagration.”