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Drones take center stage as Europe races to catch up at Paris Air Show

Drones take center stage as Europe races to catch up at Paris Air Show

Saudi Gazette16 hours ago

PARIS — At this year's Paris Air Show, fighter jets are taking a backseat. Unmanned and autonomous technologies are driving the future of defense and dominating the conversation at Le Bourget airport in northern Paris.
With 2,400 exhibitors from 48 countries and 300,000 visitors expected, the world's biggest aerospace event opened against an intense backdrop of global tensions.
As Russia's full-scale invasion of Ukraine enters its fourth year and tensions are soaring between Israel and Iran, it has become urgent for Europe to modernise its defense capabilities.
On Monday, Italian giant Leonardo and Turkey's Baykar Technologies announced a joint venture to co-develop a new generation of unmanned systems, with the first drones expected to be delivered in 2026.
'When it comes to unmanned systems, Europe is quite behind,' said Leonardo CEO Roberto Cingolani.
'First of all, I think the target is to fill the gap... We need to develop different platforms with different payloads... and offer them to different countries. That will already be a very important target in the short to mid-term," explained Cingolani to a group of reporters.Cingolani stressed that Europe will soon need not just drones, but also land and sea-based systems. 'The Ukrainian war has completely changed the landscape,' he said. 'We know that we have to be ready.'For defense consultant Xavier Tytelman, the turning point for this edition of the fair is the industrialization of high-intensity warfare."In the past, we said 'We are going to make drones'. Now, we are actually offering drones with well-defined prices, which shows a very strong trend of military industrialization," he told Euronews.Europe's previous lag on large drone platforms may no longer matter. Smaller, more agile systems that are cheaper to produce and easier to deploy are now proving decisive on the battlefield.Beyond strategy and scale, sovereignty has become a defining theme aduringt this year's edition.The push to develop 'ITAR-free' (International Traffic in Arms Regulations) equipment -free from U.S. export restrictions — is visible across the exhibition area.'There's one fundamental element here, and that's the return of sovereignty. You see it everywhere with many booths labeled 'ITAR Free.' That means there are no American components, so the U.S. can't prevent them from using their own equipment like they did in Ukraine, where we supplied missiles that couldn't be used because they contained U.S. parts," explained Tytelman."Now, all around us, Europeans are organizing themselves to be more sovereign, independent, to work together, to complement each other's technological capabilities, and to achieve 100% European industrialization. That's another major deep, structural trend.' — Euronews

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Drones take center stage as Europe races to catch up at Paris Air Show
Drones take center stage as Europe races to catch up at Paris Air Show

Saudi Gazette

time16 hours ago

  • Saudi Gazette

Drones take center stage as Europe races to catch up at Paris Air Show

PARIS — At this year's Paris Air Show, fighter jets are taking a backseat. Unmanned and autonomous technologies are driving the future of defense and dominating the conversation at Le Bourget airport in northern Paris. With 2,400 exhibitors from 48 countries and 300,000 visitors expected, the world's biggest aerospace event opened against an intense backdrop of global tensions. As Russia's full-scale invasion of Ukraine enters its fourth year and tensions are soaring between Israel and Iran, it has become urgent for Europe to modernise its defense capabilities. On Monday, Italian giant Leonardo and Turkey's Baykar Technologies announced a joint venture to co-develop a new generation of unmanned systems, with the first drones expected to be delivered in 2026. 'When it comes to unmanned systems, Europe is quite behind,' said Leonardo CEO Roberto Cingolani. 'First of all, I think the target is to fill the gap... We need to develop different platforms with different payloads... and offer them to different countries. That will already be a very important target in the short to mid-term," explained Cingolani to a group of stressed that Europe will soon need not just drones, but also land and sea-based systems. 'The Ukrainian war has completely changed the landscape,' he said. 'We know that we have to be ready.'For defense consultant Xavier Tytelman, the turning point for this edition of the fair is the industrialization of high-intensity warfare."In the past, we said 'We are going to make drones'. Now, we are actually offering drones with well-defined prices, which shows a very strong trend of military industrialization," he told previous lag on large drone platforms may no longer matter. Smaller, more agile systems that are cheaper to produce and easier to deploy are now proving decisive on the strategy and scale, sovereignty has become a defining theme aduringt this year's push to develop 'ITAR-free' (International Traffic in Arms Regulations) equipment -free from U.S. export restrictions — is visible across the exhibition area.'There's one fundamental element here, and that's the return of sovereignty. You see it everywhere with many booths labeled 'ITAR Free.' That means there are no American components, so the U.S. can't prevent them from using their own equipment like they did in Ukraine, where we supplied missiles that couldn't be used because they contained U.S. parts," explained Tytelman."Now, all around us, Europeans are organizing themselves to be more sovereign, independent, to work together, to complement each other's technological capabilities, and to achieve 100% European industrialization. That's another major deep, structural trend.' — Euronews

GAMI Showcases Commitment to Global Collaboration at 2025 International Paris Air Show
GAMI Showcases Commitment to Global Collaboration at 2025 International Paris Air Show

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timea day ago

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GAMI Showcases Commitment to Global Collaboration at 2025 International Paris Air Show

The General Authority for Military Industries (GAMI) has officially commenced its participation in the 2025 International Paris Air Show, taking place at Paris-Le Bourget Airport through June 22. The inaugural day saw the presence of GAMI Governor Eng. Ahmad Abdulaziz Al-Ohali, Minister of Transport and Logistic Services Saleh Al-Jasser, President of the General Authority of Civil Aviation Abdulaziz bin Abdullah Al-Duailej, and Saudi Ambassador to France Fahad Al-Ruwaily. Additionally, they were joined by an array of international officials, experts, and industry leaders. Governor Al-Ohali highlighted that GAMI's involvement in the event reflects its strategic objectives to foster international partnerships, attract quality investments, and empower local talent. These goals align with Saudi Vision 2030, particularly the aim to localize more than 50% of the Kingdom's military expenditure. He also emphasized that international participation underscores Saudi Arabia's expanding global presence and the progress it has made in creating a dynamic, investor-friendly defense industry. Furthermore, GAMI's presence at the Paris Air Show reinforces the Kingdom's ongoing achievements on the global stage and its unwavering commitment to building a robust, competitive defense and security sector. By forging meaningful global collaborations, the authority continues to contribute to national economic growth and long-term security through sustainable industrial development. Related Topics : GAMI Leads Saudi Arabia's Participation in DEFEA Defense Exhibition NEXTG3N Hackathon: Preparing Future Generations Through Web3, Gaming GAMI Highlights Saudi Arabia's Military Spending Growth at Global Conference SDB Launches 'Gamethon' Challenge to Boost Financial Literacy Through Gaming Short link : Post Views: 1

Palazzo Versace Dubai up for auction: Swiss-Italian Banker Christopher Aleo among potential buyers
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Palazzo Versace Dubai up for auction: Swiss-Italian Banker Christopher Aleo among potential buyers

The iconic Palazzo Versace Dubai, one of the most luxurious hotels in the United Arab Emirates, has officially been put up for auction following financial difficulties faced by its current owner. The property has been listed for online bidding with a starting price of approximately AED 600 million (around USD 163 million), a figure significantly lower than its previous valuation of over AED 1.4 billion (roughly USD 380 million). Opened in 2015 along the shores of Dubai Creek, the hotel spans 130,000 square meters and features 215 rooms and suites, 169 private residences, and 8 upscale restaurants and lounges. Despite the financial issues of its ownership, the hotel remains fully operational and continues to be one of the top choices among international luxury travelers. Its strategic location, association with the Versace brand, and consistently high standards make it a prime real estate and tourism asset in Dubai. Christopher Aleo emerges as a potential buyer Among those reportedly considering a bid is Christopher Aleo, a Swiss banker of Italian origin who has been a long-time resident of the UAE. Aleo is the founder of iSwiss, a financial group active in private banking in Switzerland and investment operations through its iSwiss Hedge Fund based in New York. He is also recognized for his involvement in global initiatives focused on sustainable finance and financial innovation. Interest channeled through global markets and Hedge Fund structures Aleo's interest in the Palazzo Versace would not be pursued directly through the Swiss banking group but rather via the iSwiss Hedge Fund. The structure under consideration involves a New York Stock Exchange-listed vehicle, which could serve as the financial platform for the acquisition. This approach would allow international capital to be raised in support of the deal, transforming the transaction from a simple real estate acquisition into a sophisticated global financial operation. The strategy reflects a growing trend in which investment funds target landmark hospitality assets via listed structures that combine tangible real estate value with financial market visibility. Restoring Italian heritage to the Versace brand Beyond the financial aspects, the potential change in ownership carries symbolic weight. Originally designed to embody the elegance and aesthetics of the Versace fashion house, the hotel could return to the hands of a buyer who shares its Italian cultural roots. Aleo's background would align closely with the brand's heritage, possibly enabling a revitalization that reinforces the connection between luxury hospitality, design, and Italian identity. Reportedly, plans under consideration include a conservative restyling of the property to enhance its original design language and upgrade its hospitality offering. The blend of Swiss financial discipline, international entrepreneurship, and Italian cultural sensibility would make Aleo's involvement particularly significant in positioning the hotel for a new era. One of the most anticipated deals of 2025 No official statements have been released so far by the hotel's current ownership, the iSwiss group, or Aleo himself. However, industry sources indicate that due diligence is underway and that multiple international stakeholders have shown serious interest. Should the deal proceed, the acquisition of the Palazzo Versace Dubai would rank among the most notable tourism and real estate transactions of 2025 in the region. The potential outcome of this deal would mark a strategic turning point for Dubai, a city that continues to strengthen its position as a global nexus of finance, luxury hospitality, and cultural prestige. For the Palazzo Versace, this could mean the start of a new chapter—guided by European leadership, global vision, and a renewed balance between heritage and innovation.

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