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ISDEF to Establish Israeli Pavilion at Abu Dhabi's International Defense Exhibition

Combined logos of IDEX and NAVDEX via WAM
Combined logos of IDEX and NAVDEX via WAM
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ISDEF to Establish Israeli Pavilion at Abu Dhabi's International Defense Exhibition

Combined logos of IDEX and NAVDEX via WAM
Combined logos of IDEX and NAVDEX via WAM

IDEX, the International Defense Exhibition and Conference organized by Abu Dhabi National Exhibition Company, ADNEC, said it signed a strategic agreement with ISDEF, the Israeli Defense, Homeland Security and Cyber Expo to promote Israeli defense, security, and technology companies.

IDEX will take place at the Abu Dhabi National Exhibitions Center in Abu Dhabi from 21st to 25th February 2021.

The addition of the pavilion to the exhibition highlights the continuous growth and development of IDEX and NAVDEX since their launch in the early 1990s.

Since the inception of IDEX and NAVDEX, ADNEC has shown an impressive track record in shaping the regional business tourism landscape for the industry, state news agency WAM reported.

Previously, ISDEF hosted major Israeli companies from the defense and cyber sectors, such as OSG, IWI, NSO Group, Skylock, Elsight, and others, displaying advanced technologies and solutions including cybersecurity, intelligence and Internet of Things, IoT, mobile infrastructure, smart sensors, military and police equipment and training.

The opening of registration for Israeli companies to participate as part of the Israeli pavilion at IDEX is to be officially announced in the next few weeks.

Commenting on the signing of the agreements, Humaid Matar Al Dhaheri, Managing Director and Group CEO of ADNEC, said, "At ADNEC, we are happy to sign this partnership with ISDEF to introduce a new pavilion to IDEX and NAVDEX 2021. We look forward to working with our new partners, who will help us increase the attendance of both delegates and visitors to this leading regional event."

Stacy Dotan, Chief Marketing Officer and member of the Board of Directors of Avnon Group commented, "Following the recently signed historic peace agreement, I believe that there will be some amazing opportunities between the UAE and Israeli companies in the business and security sectors.

Matti Weinberg, CEO of ISDEF, said, "This agreement reflects ISDEF’s professional and forward-thinking approach as a major marketing platform for Israel’s innovative cybersecurity, defense and HLS technologies. This is an important step towards the recognition of leading technologies and exports promotion."

The upcoming edition of IDEX and NAVDEX is expected to cater to more than 1,300 companies specializing in different applications of the defense sector.

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Saudi Arabia Sees Highest Level of Non-oil Private Sector Activity in 4 Months

The 1.5-point increase in the PMI reflects a larger expansion in both output and new orders. (Asharq Al-Awsat)
The 1.5-point increase in the PMI reflects a larger expansion in both output and new orders. (Asharq Al-Awsat)
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Saudi Arabia Sees Highest Level of Non-oil Private Sector Activity in 4 Months

The 1.5-point increase in the PMI reflects a larger expansion in both output and new orders. (Asharq Al-Awsat)
The 1.5-point increase in the PMI reflects a larger expansion in both output and new orders. (Asharq Al-Awsat)

Business activity in Saudi Arabia's non-oil sector accelerated to a four-month high in September, driven by strong demand, which led to faster growth in new orders. The Riyad Bank Saudi Arabia Purchasing Managers' Index (PMI), adjusted for seasonal factors, rose to 56.3 points from 54.8 in August, marking the highest reading since May and further distancing itself from the 50.0 level that indicates growth.

The 1.5-point increase in the PMI reflects a larger expansion in both output and new orders, alongside challenges in supply. The improvement in business conditions contributed to a significant rise in employment opportunities, although difficulties in finding skilled workers led to a shortage in production capacity.

At the same time, concerns over increasing competition caused a decline in future output expectations. According to the PMI statement, inventories of production inputs remained in good condition, which encouraged some companies to reduce their purchasing efforts.

Growth was strong overall and widespread across all non-oil sectors under study. Dr. Naif Al-Ghaith, Senior Economist at Riyad Bank, said that the rise in Saudi Arabia's PMI points to a notable acceleration in the growth of the non-oil private sector, primarily driven by increased production and new orders, reflecting the sector’s expansionary activity.

Al-Ghaith added that companies responded to the rise in domestic demand, which plays a crucial role in reducing the Kingdom's reliance on oil revenues. The upward trend also indicates improved business confidence, pointing to a healthy environment for increased investment, job creation, and overall economic stability.

He emphasized that this growth in the non-oil sector is particularly important given the current context of reduced oil production and falling global oil prices. With oil revenues under pressure, the strong performance of the non-oil private sector acts as a buffer, helping mitigate the potential impact on the country's economic conditions.

Al-Ghaith continued, noting that diversifying income sources is essential to maintaining growth amid the volatility of oil markets. He explained that increased production levels not only enhance the competitiveness of Saudi companies but also encourage developments aimed at expanding the private sector's participation in the economy.

This shift, he said, provides a more stable foundation for long-term growth, making the economy less susceptible to oil price fluctuations.