Latest news with #andSpace
Dubai Eye
8 hours ago
- Business
- Dubai Eye
UAE strives to deepen ties with Germany in technology, science sectors
A UAE delegation led by Omran Sharaf, Assistant Foreign Minister for Advanced Science and Technology, has concluded a "successful" visit to Germany that focused on strengthening cooperation in the technology sector, while expanding strategic collaboration in science and innovation. The mission began in Berlin with participation in GITEX Europe, followed by high-level bilateral meetings with representatives of the German government. Sharaf held meetings in Berlin with Dr. Karsten Wildberger, Federal Minister for Digital Affairs and State Modernisation; Dr. Silke Launert, Parliamentary State Secretary to the Federal Minister of Research, Technology, and Space; and Gitta Connemann, State Secretary and Government Commissioner for SMEs at the Ministry of Economic Affairs and Energy. The delegation participated in a roundtable organised by NUMOV, one of Germany's largest organisations promoting economic development between Germany and MENA countries. Furthermore, the delegation visited the Merantix AI Campus, and took part in a roundtable hosted by the Ghorfa Arab-German Chamber of Commerce and Industry. Furthermore, Sharaf attended the TECH25 Conference in Heilbronn, where he participated in an interview by Handlesblatt and engaged with industry leaders and innovators on the future of advanced technologies. The delegation also held bilateral meetings with various government entities in Stuttgart. The visit included meetings with Danyal Bayaz, Minister of Finance, and Christoph Werner, CEO of dm-drogerie mark. The UAE delegation underscored the importance of international partnerships in fostering innovation, enhancing global technology security, and advancing collective progress in research and development. The delegation included Ahmed Alattar, UAE Ambassador to the Federal Republic of Germany; Rashid Al Teneiji, Director of Economic and Trade Affairs Department; and Nouf Al Hameli, Science and Advanced Technology Adviser, along with representatives from the Ministry of Foreign Affairs and the EDGE Group.
TAG 91.1
9 hours ago
- Business
- TAG 91.1
UAE strives to deepen ties with Germany in technology, science sectors
A UAE delegation led by Omran Sharaf, Assistant Foreign Minister for Advanced Science and Technology, has concluded a "successful" visit to Germany that focused on strengthening cooperation in the technology sector, while expanding strategic collaboration in science and innovation. The mission began in Berlin with participation in GITEX Europe, followed by high-level bilateral meetings with representatives of the German government. Sharaf held meetings in Berlin with Dr. Karsten Wildberger, Federal Minister for Digital Affairs and State Modernisation; Dr. Silke Launert, Parliamentary State Secretary to the Federal Minister of Research, Technology, and Space; and Gitta Connemann, State Secretary and Government Commissioner for SMEs at the Ministry of Economic Affairs and Energy. The delegation participated in a roundtable organised by NUMOV, one of Germany's largest organisations promoting economic development between Germany and MENA countries. Furthermore, the delegation visited the Merantix AI Campus, and took part in a roundtable hosted by the Ghorfa Arab-German Chamber of Commerce and Industry. Furthermore, Sharaf attended the TECH25 Conference in Heilbronn, where he participated in an interview by Handlesblatt and engaged with industry leaders and innovators on the future of advanced technologies. The delegation also held bilateral meetings with various government entities in Stuttgart. The visit included meetings with Danyal Bayaz, Minister of Finance, and Christoph Werner, CEO of dm-drogerie mark. The UAE delegation underscored the importance of international partnerships in fostering innovation, enhancing global technology security, and advancing collective progress in research and development. The delegation included Ahmed Alattar, UAE Ambassador to the Federal Republic of Germany; Rashid Al Teneiji, Director of Economic and Trade Affairs Department; and Nouf Al Hameli, Science and Advanced Technology Adviser, along with representatives from the Ministry of Foreign Affairs and the EDGE Group.
Khaleej Times
20-02-2025
- Business
- Khaleej Times
Airbus profit climbs in 2024, aims to accelerate output
European aircraft maker Airbus said Thursday net profits rose in 2024 as it boosted plane deliveries and set a goal of accelerating them further. Net profit rose 12 percent to 4.2 billion euros ($4.4 billion), overcoming a massive writedown in the value of its space business earlier in the year. Aircraft deliveries rose by 4.2 percent to 766, helping revenues climb by six percent to 69.2 billion euros. Deliveries are an important indicator as airlines pay for aircraft when they receive them. Airbus and its rival Boeing, as well as their suppliers, have struggled to scale production back up after having cut staff and output during the Covid-19 pandemic that nearly shut down international air travel. They both have huge order backlogs as airlines have placed orders for the latest fuel-saving aircraft that offer lower operating costs. Net orders tumbled from a bumper year in 2023, falling from 2,094 to 826, but the company noted they still surpassed deliveries. "We achieved strong order intake across all businesses in 2024, with a book-to-bill well above 1, confirming the solid demand for our products and services," chief executive Guillaume Faury said in a statement. "We delivered on our 2024 guidance in what was a testing year for Airbus," he added, noting the transformation of its space business. Airbus announced in June that it had decided to make a roughly 900-million-euro charge against first-half earnings after an extensive review of its space business. That chopped first-half earnings to 825 million euros. It subsequently announced more than 2,000 job cuts as demand for its telecommunications satellites falls. But Airbus's Defense and Space division booked a record 16.7 billion euros in sales in 2024, thanks in part to Spain ordering an additional 25 Eurofighter aircraft. Airbus said it is targeting a seven percent increase in deliveries for 2025 to 820 aircraft. But it said that that guidance is based upon "no additional disruptions to global trade or the world economy, air traffic, the supply chain, the Company's internal operations, and its ability to deliver products and services." The outlook does not include any potential tariffs on its activities.
