Airbus is looking to manufacture components of military transport A400M aircraft in the UAE, the President of Airbus Africa and Middle East, Gabriel Sémelas, said.
It plans to establish comprehensive maintenance, repair, and overhaul (MRO) facilities for the A400M, a versatile multi-role military transport aircraft, alongside a dedicated training centre. These developments are projected to solidify the UAE's standing as a premier regional hub for aviation excellence, President of Airbus in Africa and the Middle East, Gabriel Sémelas, said.
He elaborated that this strategic initiative would facilitate deeper integration of UAE-based entities, including EPI and Strata, into the global aerospace supply chain.
Sémelas underscored Airbus's commitment to fostering local talent through targeted training and technical assistance programmes, coupled with strategic research partnerships that support the advancement of future industries in the UAE.
Job creation and skills development are cornerstones of Airbus's industry localisation strategy, he added, noting that company will implement robust training and technical support initiatives, as well as cultivate industrial collaborations designed to equip the UAE workforce with cutting-edge expertise.
U.S. customs agents began collecting President Donald Trump's unilateral 10% tariff on all imports from many countries on Saturday, with higher levies on goods from 57 larger trading partners due to start next week.
The tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20 per cent from a recent record high, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession.
UAE-based Dana Gas and Crescent Petroleum, alongside their partners in the Pearl Petroleum consortium, have said the cumulative production from their Khor Mor project, the largest non-associated gas field in Iraq, has exceeded 500 million barrels of oil equivalent (boe).
China has announced a slew of additional tariffs and restrictions against US goods as a countermeasure to sweeping tariffs imposed by US President Donald Trump. The Finance Ministry said it would impose additional tariffs of 34 per cent on all US goods from April 10.