Aerospace

UAE commits to invest $1.4 trillion in US over 10 years during Trump’s Gulf tour

UAE has announced to invest $1.4 trillion in the United States over the next ten years during Trump's visit to the Emirates.

Saudi Arabia and Italy sign strategic partnership deals worth $10 billion

Saudi Arabia and Italy strengthened bilateral ties with the signing of 26 memoranda of understanding worth approximately $10 billion between public and private sector entities. The agreements were finalized during a high-level roundtable meeting in AlUla on January 26, attended...

Archer raises $430 million and teams up with Anduril to develop hybrid VTOL aircraft for defense

Archer Aviation, a cutting-edge aviation startup, secured $430 million to develop a hybrid vertical take-off and landing (VTOL) aircraft for critical defense applications

Turkish defense and aerospace industry hits record $5.5 billion in 2023 exports

Turkey’s defense and aerospace industry exports increased by 27% in 2023 to $5.5 billion compared with 2022, contributing 2.3% to the country’s total exports last year
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Europe sizzles as heat records are smashed in Germany, Denmark and Czech Republic

Central Europe bore the brunt of an intensifying heatwave on as Switzerland, Denmark, Germany and the Czech Republic recorded unprecedented temperatures
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