trump in KSA

Morocco makes a step forward towards launching its own military industry

A law governing the setting up of a military industry in Morocco has entered into force after it was published in the official gazette as the Kingdom plans to cut imports by locally manufacturing defense equipment. The law lays down requirements for licenses for the setting up of plants to manufacture weapons, ammunition, and military […]

Al Rayan gets Libyan bank takeover approval

Masraf Al Rayan’s desire to acquire an important share in a commercial bank in Libya has finally been approved by its extra ordinary general assembly. Al Rayan has for been yearning for increasing its capital in a Libyan bank to get what many reports describe as a strategic share. The extra ordinary assembly’s approval now […]

Turkey: Defense Aselsan gets orders worth $320 million in Q1 of 2020

Turkey’s top electronics defense contractor, Aselsan, Thursday revealed that it has received for the first quarter of the year orders estimated at $320 million despite ongoing difficult global business operations over the coronavirus outbreak. Aselsan “continued its growth trend in the first three months of 2020 without losing momentum,” the company Chairman Haluk Görgün said […]