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Leonardo EDGE venture targets radar export surge
Leonardo and Abu Dhabi’s EDGE Group have set a target of more than €4 billion in orders over five years for a new defence sensors and systems joint venture, signalling a deeper industrial push by the UAE into high-end military technology and a wider export drive by Europe’s defence manufacturers.The
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BlueFive joins Kling’s $3bn AI push
BlueFive Capital has co-led a near $3 billion funding round for Kling AI, marking one of the largest capital injections into a generative video company and giving the Abu Dhabi-based investment platform a prominent position in China’s fast-growing artificial intelligence
Bain Capital deepens Abu Dhabi push
Bain Capital has opened an office in Abu Dhabi Global Market, expanding its Middle East presence as the private investment firm seeks closer ties with regional investors, broader support for portfolio companies and a stronger position in sectors that match
Airlines resist wider EU carbon levy
Europe’s largest airline groups have warned Brussels that extending carbon charges to long-haul international flights would lift fares, raise cargo costs and deepen a dispute over how aviation should pay for its climate impact.Chief executives from major carriers including Air
