EDGE and Brazilian Navy Join Forces to Develop Advanced Anti-Drone Systems

-
Image
  In a major step toward strengthening maritime security and defense capabilities, EDGE, one of the world's leading advanced technology and defense companies, has announced the signing of a strategic Letter of Intent (LoI) with the Brazilian Navy. This agreement, made through the Navy’s Weapons Systems Directorate, focuses on the joint development of cutting-edge anti-drone systems to counter evolving aerial threats. Strengthening Maritime Defense As drones become increasingly sophisticated and accessible, their potential use in surveillance, reconnaissance, and even offensive operations poses a significant challenge for military forces worldwide. Recognizing this, EDGE and the Brazilian Navy have come together to explore advanced counter-drone technologies tailored for naval applications. With Brazil's extensive coastline and its growing maritime interests, securing naval assets from unmanned aerial threats is a top priority. This collaboration aims to create state-of-the-art ...
Post a Comment

On schedule to finance its 100th SME loan this year is the UAE's Funding Souq

-

 

UAE

Also read :UAE wins bid to host COSPAR 2028

Funding Souq, a SME lending platform, has raised more than $2.72 million (Dh10 million) to date and has another $9.53 million (Dh35 million) on the way as part of its initiatives to connect SME borrowers with hundreds of investors from around the world.

Additionally, the program has set a goal to fund its 100th loan this year, solidifying its role as a catalyst for economic development in the UAE.

Also read :In support with UAE, Starlink is active in Gaza hospital, says Elon Musk

As part of its efforts to increase support for entrepreneurial ventures in the media industry and add new financing opportunities that target innovative start-ups and SMEs and help them secure financing, Sharjah Media City (Shams) has signed a strategic partnership and guarantee scheme agreement with Funding Souq.

Through Funding Souq's crowdfunding platform, the deal aims to give start-ups and SMEs cutting-edge financing options, while Shams will provide loan repayment guarantees.

Also read :UAE’s Focus on expanding Global economical partnership

“Sharjah Media City's (Shams) objective is to provide a fostering environment that fosters entrepreneurship, innovation, and creative thinkers in the media and creative sectors,” according to Dr. Khalid Omar Al Midfa, chairman of Shams.

“We were given this responsibility by Dr. Sheikh Sultan bin Muhammad Al Qasimi, a member of the Supreme Council and the ruler of Sharjah. And with that position in mind, Shams works tirelessly to develop initiatives that help start-ups and SMEs, as well as new opportunities for our community.”

Also read :UAE's Role in Facilitating Prisoner Exchange Between Russia and Ukraine 6th successful prisoner exchange

As part of their mutual agreement, Funding Souq sends current or potential borrowers to Shams, where the most promising companies can be permitted to take advantage of Shams' varied facilities. Shams strives to connect businesses in need of loan facilities to Funding Souq.

Comments

Post a Comment

Popular posts from this blog

Enhancing Relationships: Sheikh Khaled’s Trip to India Signals a New Phase of UAE-India Relations.

-
The visit of H.H Sheik Khaled bin Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi to India is more than just a mere ceremonial occasion; this visit stands as a clear testimony of the longevity and dynamism of UAE-India relations. This association has become complex over time involving not just the economy but also major concerns such as sustainable development, trade, climate action etc. The dynamic relationship between the two nations has been redefined from their historical links into contemporary strategic alliances which makes this visit a natural follow-on from long-standing ties. Relationship between UAE and India are very historical in nature that started during the time when Sheikh Zayed bin Sultan Al Nahyan was the founder of UAE, whereby his coming to India in 1975 established strong cultural and diplomatic ties. This has been done through several high-profile exchanges including the signing of the Comprehensive Strategic Partnership Agreement in 2017 which made these...
Read more

UAE's Enduring Legacy of Generosity: New Initiatives Highlight Global Humanitarian Efforts.

-
In order to honour the International Day of Charity, the UAE reveals fresh projects which epitomize its determination to assist people globally. Among these are the Zayed Humanitarian Legacy and the MZB Water Initiative. The goal of the Zayed Humanitarian Legacy is to expand on the vision of Sheikh Zayed bin Sultan Al Nahyan who has passed away, by emphasising on sustainable growth as well as aid in times of crisis. On the other hand, MZB Water Initiative aims at supplying clean water solutions in communities that are truly in need and which is one of the most pressing challenges faced by many areas today. Infographics presenting these projects indicate a holistic approach for long term assistance hence positively affecting lives for years to come. The UAE’s humanitarian contributions are not only remarkable for their magnitude but also because they have been directed towards purposes that are strategic in nature. Since 1971, the UAE has been able to donate approximately 360 billion di...
Read more

The UAE's AI Ambitions Get a Boost with Nvidia Chip Approval: A Game-Changer for the Gulf Region.

-
The advance made by the United States in the approval of cutting-edge Nvidia chips to G42 is a historic development for UAE’s artificial intelligence ambitions. This strategy thus not only represents significant technological growth but also marks an important political milestone for UAE that wants to portray itself as a global hub for technology. In particular, accessing advanced AI technologies such as Nvidia’s H100 models has been significantly hindered over the years due to fears about UAE-China relations, with the US tightening its export restrictions in the area. However, this recent endorsement—a fact which received little attention—shows that there is now greater strategic flexibility and demonstrates how committed UAE is towards ensuring it stays clear from any possible Chinese influence if it wants to become one of our most reliable partners. The timing for G42’s bold distribution of these Nvidia chips could not be better. With worldwide AI rivalry heating up after the advent...
Read more