UAE Signs $599 Mln in Defense Contracts

A general view of the 2023 International Defense Exhibition and Conference (IDEX), at Abu Dhabi National Exhibition Centre (ADNEC) in Abu Dhabi, United Arab Emirates, February 22, 2023. (UAE Presidential Court/Handout via Reuters)
A general view of the 2023 International Defense Exhibition and Conference (IDEX), at Abu Dhabi National Exhibition Centre (ADNEC) in Abu Dhabi, United Arab Emirates, February 22, 2023. (UAE Presidential Court/Handout via Reuters)
TT

UAE Signs $599 Mln in Defense Contracts

A general view of the 2023 International Defense Exhibition and Conference (IDEX), at Abu Dhabi National Exhibition Centre (ADNEC) in Abu Dhabi, United Arab Emirates, February 22, 2023. (UAE Presidential Court/Handout via Reuters)
A general view of the 2023 International Defense Exhibition and Conference (IDEX), at Abu Dhabi National Exhibition Centre (ADNEC) in Abu Dhabi, United Arab Emirates, February 22, 2023. (UAE Presidential Court/Handout via Reuters)

The United Arab Emirates signed defense deals worth 2.2 billion dirhams ($599.00 million) on Friday, the fifth day of the International Defense Exhibition (IDEX) military expo in Abu Dhabi, state news agency WAM said.

UAE contracts with local companies were worth 1.6 billion dirhams, while contracts with international firms totaled 653 million dirhams, WAM said on Friday.

The total number of contracts signed over the last five days reached 23.34 billion dirhams, WAM added.

GAL-AMMROC (Global Aerospace Logistics - Advanced Military Maintenance, Repair, and Overhaul Centre), one of the leading providers of integrated aviation services, signed a Memorandum of Understanding (MoU) with Rabdan Academy to cooperate on training, research, and development in the academic and training fields.

The MoU aims to enhance services in areas of safety, security, defense, emergency preparedness, and crisis management sectors.

The MoU was formalized at a signing ceremony at IDEX 2023 by Mahmood Al Hameli, GAL-AMMROC, Chief Executive Officer (CEO) and James Morse, President of Rabdan Academy.

Through this MoU, the two entities will cooperate in developing research skills, short-term projects, research, internships, conferences, training courses, workshops, share technical and consulting services and exchange knowledge in key areas of safety, security, defense, emergency preparedness, and crisis management sectors.

Mahmood Al Hameli, GAL-AMMROC CEO, said: “This is a strategic collaboration that we’re proud to be signing with Rabdan Academy, which will support the development of the aviation services sector, through talent development and research.”

“This also aligns with our commitment to support the vision of the UAE government to elevate the skill set and talent in key economic sectors such as security and defense.”

James Morse, President of Rabdan Academy, said: “This MoU will enhance the collaborative work in the common areas of interest between Rabdan Academy and GAL-AMMROC to enhance the type and level of training and relevant professional development opportunities as we exchange high-level experiences and undertake scientific research and development.”

“We look forward to working with GAL-AMMROC to achieve positive outcomes to this MoU,” he added.

Rabdan Academy provides government entities with national cadres specialized in defense, security, crisis management and business continuity through an elite group of faculty, the vast majority of whom have graduated from the global top 200 universities.

With GAL-AMMROC’s expertise in logistics, maintenance, repair and overhaul for both military and commercial aviation services, the company will be able to share its experience and expertise in these areas to support training, research and development for Rabdan Academy courses and professional development opportunities, while exploring new areas of cooperation as part of the MoU.

Rabdan Academy is a government-owned education institution. It offers a wide range of recognized high-level academic programs developed in the highest quality standards to enhance resilience of individuals and organizations in the safety, security, defense, emergency preparedness and crisis management domain.



Report: EU to Vote on Oct 4 to Finalize Tariffs for China-made EVs

A Leapmotor electric vehicle is put though a rain test on the production line at the Leapmotor factory in Jinhua, China's eastern Zhejiang province on September 18, 2024. (Photo by ADEK BERRY / AFP)
A Leapmotor electric vehicle is put though a rain test on the production line at the Leapmotor factory in Jinhua, China's eastern Zhejiang province on September 18, 2024. (Photo by ADEK BERRY / AFP)
TT

Report: EU to Vote on Oct 4 to Finalize Tariffs for China-made EVs

A Leapmotor electric vehicle is put though a rain test on the production line at the Leapmotor factory in Jinhua, China's eastern Zhejiang province on September 18, 2024. (Photo by ADEK BERRY / AFP)
A Leapmotor electric vehicle is put though a rain test on the production line at the Leapmotor factory in Jinhua, China's eastern Zhejiang province on September 18, 2024. (Photo by ADEK BERRY / AFP)

The European Union is planning to vote on whether to introduce tariffs as high as 45% on imported electric vehicles made in China on Oct. 4, Bloomberg News reported on Saturday, citing people familiar with the matter.
Member states have received a draft of the regulation for the proposed measures, the report said, adding that the new date could still change.
According to the report, the vote among the bloc's member states was slightly delayed amid last-minute negotiations with Beijing to try to find a resolution that would avoid the new levies.
The European Commission did not immediately respond to a Reuters request for comment.
The European Commission is on the verge of proposing final tariffs of up to 35.3% on EVs built in China, on top of the EU's standard 10% car import duty.
The proposed final duties will be subject to a vote by the EU's 27 members. They will be implemented by the end of October unless a qualified majority of 15 EU members representing 65% of the EU population votes against the levies.