Saudi Arabia’s GAMI Participates in Paris Airshow 2025 to Boost Global Partnerships

GAMI's involvement in the airshow builds on the Kingdom's ongoing successes at international forums and underlines its commitment to developing a competitive defense and security industrial sector. (SPA)
GAMI's involvement in the airshow builds on the Kingdom's ongoing successes at international forums and underlines its commitment to developing a competitive defense and security industrial sector. (SPA)
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Saudi Arabia’s GAMI Participates in Paris Airshow 2025 to Boost Global Partnerships

GAMI's involvement in the airshow builds on the Kingdom's ongoing successes at international forums and underlines its commitment to developing a competitive defense and security industrial sector. (SPA)
GAMI's involvement in the airshow builds on the Kingdom's ongoing successes at international forums and underlines its commitment to developing a competitive defense and security industrial sector. (SPA)

Saudi Arabia’s General Authority for Military Industries (GAMI) launched on Monday its participation at the International Paris Airshow 2025, held at Paris-Le Bourget Airport until June 22.

The opening day was attended by GAMI Governor Eng. Ahmad Abdulaziz Al-Ohali, Minister of Transport and Logistic Services Saleh Al-Jasser, President of the General Authority of Civil Aviation Abdulaziz bin Abdullah Al-Duailej, and Saudi Ambassador to France Fahad Al-Ruwaily, along with numerous officials, experts, and experts from around the world.

Al-Ohali emphasized that GAMI’s participation in the airshow aligns with its efforts to strengthen international partnerships, attract high-value investments, and empower national talent.

These efforts contribute to achieving the goals of Saudi Vision 2030, including the localization of over 50% of military spending, he added.

Such international engagements underscore Saudi Arabia’s growing global influence and highlight the significant progress made in developing investor-friendly policies, regulations, and an industrial environment that supports the sector’s growth both domestically and globally, he stressed.

GAMI's involvement in the airshow builds on the Kingdom's ongoing successes at international forums and underlines its commitment to developing a competitive defense and security industrial sector.

The sector aims to support the national economy and achieve sustainable security by building international partnerships that serve mutual interests.



Gold Gains over 1% as Dollar, Yields Ease; Spotlight on Trade

A gold seller arranges gold bracelets at a gold shop in Bangkok's Chinatown, Thailand, January 27, 2025. REUTERS/Chalinee Thirasupa/ File Photo
A gold seller arranges gold bracelets at a gold shop in Bangkok's Chinatown, Thailand, January 27, 2025. REUTERS/Chalinee Thirasupa/ File Photo
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Gold Gains over 1% as Dollar, Yields Ease; Spotlight on Trade

A gold seller arranges gold bracelets at a gold shop in Bangkok's Chinatown, Thailand, January 27, 2025. REUTERS/Chalinee Thirasupa/ File Photo
A gold seller arranges gold bracelets at a gold shop in Bangkok's Chinatown, Thailand, January 27, 2025. REUTERS/Chalinee Thirasupa/ File Photo

Gold prices gained over 1% on Monday as the dollar and US bond yields weakened amid uncertainty over trade talks ahead of a US deadline of August 1 for countries to strike deals or face more tariffs.

Spot gold was up 1.2% at $3,390.79 per ounce at 9:52 ET (1352 GMT). US gold futures were up 1.3% to $3,402.40.

The US dollar index was down 0.4%, making dollar-denominated gold more affordable for buyers using other currencies, while benchmark 10-year U.S. Treasury yields hit a more than one-week low, Reuters reported.

"With the August 1st deadline looming, it brings a level of uncertainty to the market and that certainly is supportive," said David Meger, director of metals trading at High Ridge Futures.

The European Union is exploring a broader set of possible counter-measures against the US as prospects for an acceptable trade agreement with Washington fade, according to EU diplomats.

On the interest rate front, traders are pricing about a 63% chance of a rate cut in September, according to the CME FedWatch Tool.

U.S. Treasury Secretary Scott Bessent said the entire Federal Reserve needed to be examined as an institution and whether it had been successful.

Talk of earlier than expected U.S. rate cuts is building, with speculation around a possible replacement of Fed Chair Jerome Powell and reshaping of the Fed adding to market jitters, Meger said.

Gold is considered a hedge against uncertainty and tends to perform well in a low interest rate environment.

Data showed that the world's leading gold consumer, China, brought in 63 metric tons of the precious metal last month, the lowest amount since January. Its imports of platinum in June fell 6.1% from the prior month.

Spot silver gained 1.8% to $38.86 per ounce, platinum rose 2.2% to $1,453.17 and palladium was 3.5% higher at $1,284.46.