The UAE Armed Forces awarded contracts worth Dh7.29 billion ($1.98bn) on Monday, the second day of the International Defence Exhibition and Conference, with most going to international companies.
The Armed Forces signed 11 deals, including nine worth Dh6.98bn with international companies, said Staff Brig Gen Mohammed Al Hassani, official spokesman for Idex and the Naval Defence and Maritime Security Exhibition.
Local companies won contracts valued at Dh310 million.
“The amount is very good as per the requirement of the Armed Forces,” he said.
The international deals included a 3.74bn contract with Saab to buy G6000 early warning aircraft and a Dh2.61bn deal with Raytheon to buy Patriot missiles.
Among the local companies that won contracts were the International Golden Group and Ahmed Al Mazrouei Metal Industries, which were awarded deals worth Dh285m and Dh25m, respectively.
UAE-based small arms manufacturer Caracal released two new products yesterday: the second-generation Caracal F Gen II pistol and the CSA338 semiautomatic rifle.
“They represent the pinnacle of innovation, performance and reliability,” said chief executive Hamad Al Ameri.
The two weapons represent “significant technological and manufacturing advancements for supply to local and international markets”, Caracal said.
The small arms maker is part of the missiles and weapons cluster within Edge, the UAE’s defence conglomerate that is among the world's top 25 military suppliers.
Abu Dhabi’s Tawazun Economic Council and Thales Emarat Technologies announced plans for the Radar Centre of Excellence, which will develop, produce and maintain Thales' radars.
The centre will focus specifically on the development of next-generation radars and plans to export them once the centre is completed.
The tie-up will cultivate key technology solutions within the UAE by developing local skills and capabilities in areas such as radar system engineering, said Tawazun Economic Council chief executive Tareq Al Hosani.
“It is through partnerships such as this that we can continue to develop and build up our critical technical capabilities and our national competencies and skills, fortifying the sovereign capabilities of the UAE,” he said.
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UAE royals tour Idex
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The centre will boost the UAE's prospects by including local companies in the industrial supply chain, creating jobs for UAE nationals and supporting collaboration with research and development institutes.
The economic council also signed a co-operation agreement with Saudi Arabia’s General Authority for Military Industries to explore the potential for joint projects and identify areas of collaboration in defence-related R&D.
“This agreement sets the course for a new era of co-operation between the two brotherly countries in all domains, particularly in R&D, technology transfer, foreign direct investment and joint defence industries,” said Jassem AlZaabi, chairman of the Abu Dhabi Department of Finance.
Halcon, the producer of precision-guided weapons and part of the Edge group, revealed its first anti-ship, surface-to-surface cruise missile at Idex yesterday.
The HAS-250 was designed and developed in the UAE and is capable of travelling at speeds of up to 988 kilometres per hour. It has a range of more than 250km.
During its terminal phase, it can fly towards its target at a sea-skimming altitude that is below five metres.
“The HAS-250 is a significant advancement in our quest to equip naval forces with the [best]-performing cruise missile system,” said Halcon chief executive Saeed Al Mansoori.
The weapon will assist in the active defence of the country's waterways and "build on Edge’s expanding reputation for being bold, agile, and disruptive”, he said.
South African defence manufacturer Paramount Group unveiled its long-range, precision-strike swarming unmanned aerial vehicle system, N-Raven, on the second day of the exhibition.
“We continue to research, design and innovate new technology that removes military personnel from the front lines and minimises collateral damage and exposure of friendly forces,” said Lee Connelly, chief executive of subsidiary Paramount Advanced Technologies.
Paramount Group ADGM, the group's UAE-based arm, said it opened a new office in Tel Aviv after the normalisation of ties between the UAE and Israel last September.
“Countries share similar challenges to security and have a common interest in stability,” said Clifford Dewell, senior vice president of the Paramount Group.
“We see similarly unique opportunities to address those challenges while bolstering those nations’ indigenous aerospace and defence industries alongside our partners, serving as a proponent of their economic growth.”
Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, said defence industries are "a source of numerous innovative concepts that are being implemented and utilised" in other related sectors such as space, computer systems and pharmaceuticals.
"The significance of such events lies in their ability to contribute to the nation’s agenda of growing the industry and manufacturing sectors through the use of innovative Fourth Industrial Revolution- and artificial intelligence-based solutions," he said.
"As a result, this positions the UAE as a destination for innovation, attracting talented individuals with exceptional ideas and projects from across the globe, to develop advanced technologies and employ them in boosting economic growth and quality of life.”
A Prayer Before Dawn
Director: Jean-Stephane Sauvaire
Starring: Joe Cole, Somluck Kamsing, Panya Yimmumphai
Three stars
UAE currency: the story behind the money in your pockets
Specs
Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request
Global state-owned investor ranking by size
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United States
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China
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UAE
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Japan
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Norway
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Canada
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Singapore
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Australia
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Saudi Arabia
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South Korea
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ESSENTIALS
The flights
Emirates flies from Dubai to Phnom Penh via Yangon from Dh2,700 return including taxes. Cambodia Bayon Airlines and Cambodia Angkor Air offer return flights from Phnom Penh to Siem Reap from Dh250 return including taxes. The flight takes about 45 minutes.
The hotels
Rooms at the Raffles Le Royal in Phnom Penh cost from $225 (Dh826) per night including taxes. Rooms at the Grand Hotel d'Angkor cost from $261 (Dh960) per night including taxes.
The tours
A cyclo architecture tour of Phnom Penh costs from $20 (Dh75) per person for about three hours, with Khmer Architecture Tours. Tailor-made tours of all of Cambodia, or sites like Angkor alone, can be arranged by About Asia Travel. Emirates Holidays also offers packages.
Saudi Cup race day
Schedule in UAE time
5pm: Mohamed Yousuf Naghi Motors Cup (Turf), 5.35pm: 1351 Cup (T), 6.10pm: Longines Turf Handicap (T), 6.45pm: Obaiya Arabian Classic for Purebred Arabians (Dirt), 7.30pm: Jockey Club Handicap (D), 8.10pm: Samba Saudi Derby (D), 8.50pm: Saudia Sprint (D), 9.40pm: Saudi Cup (D)
MATCH INFO
Everton v Tottenham, Sunday, 8.30pm (UAE)
Match is live on BeIN Sports
THE SCORES
Ireland 125 all out
(20 overs; Stirling 72, Mustafa 4-18)
UAE 125 for 5
(17 overs, Mustafa 39, D’Silva 29, Usman 29)
UAE won by five wickets
The specs: Fenyr SuperSport
Price, base: Dh5.1 million
Engine: 3.8-litre twin-turbo flat-six
Transmission: Seven-speed automatic
Power: 800hp @ 7,100pm
Torque: 980Nm @ 4,000rpm
Fuel economy, combined: 13.5L / 100km
match info
Maratha Arabians 138-2
C Lynn 91*, A Lyth 20, B Laughlin 1-15
Team Abu Dhabi 114-3
L Wright 40*, L Malinga 0-13, M McClenaghan 1-17
Maratha Arabians won by 24 runs
From Europe to the Middle East, economic success brings wealth - and lifestyle diseases
A rise in obesity figures and the need for more public spending is a familiar trend in the developing world as western lifestyles are adopted.
One in five deaths around the world is now caused by bad diet, with obesity the fastest growing global risk. A high body mass index is also the top cause of metabolic diseases relating to death and disability in Kuwait, Qatar and Oman – and second on the list in Bahrain.
In Britain, heart disease, lung cancer and Alzheimer’s remain among the leading causes of death, and people there are spending more time suffering from health problems.
The UK is expected to spend $421.4 billion on healthcare by 2040, up from $239.3 billion in 2014.
And development assistance for health is talking about the financial aid given to governments to support social, environmental development of developing countries.
India team for Sri Lanka series
Test squad: Rohit Sharma (captain), Priyank Panchal, Mayank Agarwal, Virat Kohli, Shreyas Iyer, Hanuma Vihari, Shubhman Gill, Rishabh Pant (wk), KS Bharath (wk), Ravindra Jadeja, Jayant Yadav, Ravichandran Ashwin, Kuldeep Yadav, Sourabh Kumar, Mohammed Siraj, Umesh Yadav, Mohammed Shami, Jasprit Bumrah.
T20 squad: Rohit Sharma (captain), Ruturaj Gaikwad, Shreyas Iyer, Surya Kumar Yadav, Sanju Samson, Ishan Kishan (wk), Venkatesh Iyer, Deepak Chahar, Deepak Hooda, Ravindra Jadeja, Yuzvendra Chahal, Ravi Bishnoi, Kuldeep Yadav, Mohammed Siraj, Bhuvneshwar Kumar, Harshal Patel, Jasprit Bumrah, Avesh Khan
The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Sholto Byrnes on Myanmar politics
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
How to wear a kandura
Dos
- Wear the right fabric for the right season and occasion
- Always ask for the dress code if you don’t know
- Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work
- Wear 100 per cent cotton under the kandura as most fabrics are polyester
Don’ts
- Wear hamdania for work, always wear a ghutra and agal
- Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
Company profile
Company name: Suraasa
Started: 2018
Founders: Rishabh Khanna, Ankit Khanna and Sahil Makker
Based: India, UAE and the UK
Industry: EdTech
Initial investment: More than $200,000 in seed funding
Tips to avoid getting scammed
1) Beware of cheques presented late on Thursday
2) Visit an RTA centre to change registration only after receiving payment
3) Be aware of people asking to test drive the car alone
4) Try not to close the sale at night
5) Don't be rushed into a sale
6) Call 901 if you see any suspicious behaviour