The Big Breakfast Club
Thuli Thuli
Haricharan
Listen To HIT967
Listen Live

IDEX: UAE signs deals worth nearly AED 5 billion on day one

Monday, 18 February 2019 10:41

@ADNECGroup/ Twitter

The UAE Armed Forces awarded AED 4.97 billion in contracts on the first day of the International Defence Exhibition and Conference (IDEX) in Abu Dhabi on Sunday.

As many as 33 deals were signed, with the bulk of them going to local companies.

The contracts included the purchase of missiles, radar systems as well as ammunition and accessories.

Organisers are expecting more deals worth billions of dirhams to be announced in the coming days.

Share

More from Business News

  • DFM reports 212% increase in net profit before tax to AED930.8 million

    The Dubai Financial Market (DFM) has announced its consolidated financial results for the nine months ending September 30, reporting a net profit before tax of AED 930.8 million, an increase of 212 per cent compared to the same period in 2024.

  • DMCC unveils plans for new financial centre

    DMCC — Dubai’s leading international business district — has announced plans to create a new Financial Centre that will anchor trade finance, fintech innovation and digital asset solutions across its 26,000-member community.

  • UAE cuts key interest rate by 25 basis points

    The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.15 per cent to 3.90 per cent, effective from Thursday, October 30.

  • UAE-based companies contribute to $28 billion investments to Syria

    Syrian President Ahmed Al-Sharaa announced that the country has attracted approximately $28 billion in investments during the first six months of this year, highlighting significant participation from companies based in the UAE, Saudi Arabia, and Qatar.

Blogs

Our Shows

Quick Links

Listen on the Go

  • Available on the App Store
  • Available on Google Play

© 2025 ARN and Aiir. All Rights Reserved.