Ontario-based artificial intelligence firm AirMatrix has appointed Walid Abukhaled, former CEO of Saudi Arabian Military Industries, to its board of directors as it expands its presence across the Middle East and North Africa. Abukhaled is expected to support AirMatrix’s efforts to deploy secure AI platforms in critical infrastructure globally. Abukhaled brings decades of senior-level leadership...
Israeli defense company Elbit Systems has promoted Shay Avinu, head of its strategic procurement and subcontracting unit, to vice president. Avinu, who shared his promotion on LinkedIn, has worked with Elbit for over 17 years, previously holding leadership positions in program management and business development. He joined the company 2008 as a product manager and subsequently...
President Donald Trump closed over $200 billion in commercial deals during the United Arab Emirates stop of his Middle East tour. The latest round of investment agreements brings the total commitments to over $2 trillion, including a $1.2 trillion deal he sealed in Qatar and a $600 billion package signed in Saudi Arabia. Among the...
The United States and the United Arab Emirates have established the US-UAE AI Acceleration Partnership framework, an initiative that aims to improve collaboration on advancing artificial intelligence and other emerging technologies. The agreement also improves the process of UAE-based funds’ inward investments into the North American country. Under the framework, the U.S. will launch several...
President Donald Trump announced Wednesday several deals made during his visit to Qatar, including at least $1.2 trillion in economic exchange and an economic deal amounting to over $243.5 billion. The deals align with the Trump administration’s goal of ushering in a new Golden Age of American manufacturing. According to the White House, one key...
Nokia has appointed security and aeronautics specialist Markus Holz as vice president of operations in Europe, the Middle East and Africa. in a LinkedIn post Tuesday, Holz said he will serve as the company’s head of space and defense business in the region. The role includes overseeing the integration of Nokia’s 5G next-generation connectivity with...
Global engineering and construction company Bechtel will build three new terminals for Saudi Arabia’s King Salman International Airport under a newly signed agreement with the facility’s developer. Bechtel said Tuesday that the partnership agreement with King Salman International Airport Development Co. calls for integrating or replacing existing KSIA facilities. Its work will involve designing and...
Parsons has secured two delivery partner contracts from the King Salman International Airport Development Company. The deal was announced Tuesday on the sidelines of the Saudi-U.S. Investment Forum in Riyadh. The first order involves the delivery of airfield assets, including air traffic control towers, aircraft parking areas, runways and taxiways. The second award covers bridges,...
President Donald Trump announced a commitment of $600 billion from various companies aimed at enhancing the United States’ energy security, technology leadership and access to critical minerals. The deal was disclosed during the president’s visit to Saudi Arabia as part of his Middle East tour. Saudi Arabia is among the U.S.’s major trading partners in...
Ran Tavor, vice president and head of naval warfare systems at Rafael Advanced Defense Systems, said global interest is rising in the company’s multi-layered naval defense platforms, such as the Iron Dome and Iron Beam. The executive said the platforms are increasingly drawing the attention of navies from Asia Pacific and Europe. With those regions’...
