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

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  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 ...

Resilience Shines Through: Lebanon's Private Sector Sees a 10-Year High Despite Economic Crisis

 

Despite Lebanon's enduring economic crisis, soaring inflation, and political impasse, the private sector has shown remarkable resilience. In June, the country's Blom purchasing managers' index reached a 10-year high, reflecting positive growth and a much-needed boost for the struggling economy.

The Blom purchasing managers' index rises: The Blom purchasing managers' index, a key measure of Lebanon's private sector strength, increased to 50.2 in June from 49.4 in May. This marks the first improvement in the health of the private sector since August 2022 and the highest level of growth since June 2013.

Renewed expansion in new orders, employment, and business activity: The improved index results are attributed to renewed expansion in new orders, employment opportunities, and business activity. Despite the challenging circumstances, businesses are finding ways to adapt, seize opportunities, and drive growth in Lebanon's private sector.

Overcoming obstacles: Lebanon's private sector's resilience in the face of the economic crisis and political impasse demonstrates the determination and resourcefulness of businesses. While significant challenges persist, this positive momentum provides a glimmer of hope for the country's economic recovery and underscores the potential for growth even in the toughest of times.

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