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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US and Iran peace talks in Islamabad end without agreement

US and Iran direct talks in Islamabad ended without an agreement to end the war, leaving a fragile two-week ceasefire in doubt.
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