Left Menu
Development News Edition

Abu Dhabi launches advanced defence technology company

Reuters | Abu Dhabi | Updated: 05-11-2019 15:22 IST | Created: 05-11-2019 15:16 IST
Abu Dhabi launches advanced defence technology company

Abu Dhabi's government said on Tuesday it was launching a new company, EDGE, that will invest in defense technology.

"The new company will invest and bring advanced defense technologies to the market," EDGE chief executive and managing director, Faisal al-Bannai, said at the ceremony. The company will employ about 12,000 people.

The launch was made at a ceremony attended by Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nayhan. Oil-rich Abu Dhabi is the largest and the wealthiest member of the United Arab Emirates federation. (Reporting Stanley Carvalho, writing by Maher Chmaytelli; Editing by Jon Boyle)

Also Read: Sudan rebel leader says government agreed to open access for aid


TRENDING

OPINION / BLOG / INTERVIEW

Turbulence surrounding tobacco control in Ghana

... ...

Smart healthcare: IoT redefining the way healthcare is delivered

As the world is embracing the new wave of digitalization triggered by the pandemic and the arrival of 5G, the adoption of IoT devices will further boom. With adoption set to soar, IoT security issues and other challenges cant be ignored any...

Refugee compassion and response: Ideas to mitigate disasters now and in their future

Their homeland becomes a forbidden territory for them and more likely than not, their journey to foreign soil is no less traumatizing, not to say deadly. It is crucial to help refugees live a life of dignity and purpose....

Inadequate water infrastructure causes a tidal wave of coronavirus in rural Alaska

... ...

Videos

Latest News

Jailed Saudi women's rights activists given rare court appearance

Four jailed Saudi womens rights activists were given a rare appearance in court on Wednesday, the family of one of them said, as the kingdoms human rights record faces new scrutiny following the election defeat of U.S. President Donald Trum...

Power Gummies raises USD 1 mn from Agility Venture Partners, others

New Delhi-based dietary supplement brand Power Gummies on Wednesday said it has raised a bridge funding round of USD 1 million about Rs 7.3 crore from Agility Venture Partners, DSG Consumer Fund and Venture Catalyst. The latest funding, whi...

Amazon fined for not displaying mandatory info about products

The government has imposed a penalty on e-commerce major Amazon for not displaying mandatory information, including the country of origin, of products sold on its platform, according to an official order.       Last month, t...

'Siraj and Jai Sri Ram' stay together in BJP: Vijayvargiya

In an apparent bid to woo the Muslim voters ahead of the Assembly election in West Bengal, senior BJP leader Kailash Vijayvargiya on Wednesday said that the uniqueness of the party is that both Siraj and Jai Shri Ram can stay together on it...

Give Feedback