INSEAD Day 4 - 728x90

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

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Salik profit slips in H1

The company said traffic recovery supported resilience.

Germany resumes arms exports to Saudi Arabia after 5 years

Berlin on Monday said it was also ready to allow the export of Eurofighter jets to Saudi Arabia. (AFP)
  • Government spokesman Steffen Hebestreit confirmed a report that Berlin gave a green signal for the export of 150 Iris-T air-to-air missiles to Saudi Arabia.
  • The newly approved Iris-T missiles could "be fired from aircraft at airborne targets, that is to say missiles, drones and so on", he said.

Berlin, Germany – Germany resumed direct arms exports to Saudi Arabia by approving the sale of missiles, ending a blockade in place since 2018, the government spokesman Steffen Hebestreit said Wednesday.

Hebestreit confirmed a report by the German weekly Spiegel, which said that Berlin had given the green light for the export of 150 Iris-T air-to-air missiles to Saudi Arabia.

“The details of this report are accurate,” said Hebestreit, speaking at a regular government news conference.

The newly approved Iris-T missiles could “be fired from aircraft at airborne targets, that is to say missiles, drones and so on”, Hebestreit added.

Approval for the export of the missiles, manufactured by German group Diehl Defense, was granted towards the end of last year, Spiegel reported.

Berlin has loosened its stance on weapons exports to the kingdom recently, with the government praising Saudi Arabia’s “constructive approach” in the Israel-Hamas war.

Saudi Arabia had not renounced plans to normalize relations with Israel since the beginning of its war with Hamas, Foreign Minister Annalena Baerbock noted Sunday.

Riyadh had also made efforts to intercept missiles fired at Israel by Iran-backed Houthi rebels in Yemen.

Berlin on Monday said it was also ready to allow the export of Eurofighter jets to Saudi Arabia.

Until now, it had long used its veto rights — as part of the defense partnership behind the jet — to block a deal sought by London since 2018.