🔮 Better than the Oracle? Our Fair Value found this +42% bagger 5 months before Buffett bought itRead More

Israel weapons makers leave stands empty at Dubai Airshow

Published 11/13/2023, 02:26 AM
Updated 11/13/2023, 03:30 AM
© Reuters
ESLT
-

By Alexander Cornwell

DUBAI (Reuters) - The exhibition stands of Israeli weapons makers Israel Aerospace Industries (IAI) and Rafael Advanced Defense Systems were empty at the start of the opening day of the weeklong Dubai Airshow on Monday, amid the Israel-Hamas war in Gaza.

It was not immediately clear why there were no staff at either exhibition stand, which were located close to the pavilion of United Arab Emirates state arms maker EDGE. IAI and EDGE signed joint development programmes at the last Dubai Airshow in 2021.

IAI and Rafael did not immediately respond to emailed requests for comment on their participation. The IAI exhibition stand was blocked off with red rope.

An exhibition stand for the locally registered company of Israel's Elbit Systems (NASDAQ:ESLT) was staffed, although one staff member declined to answer press questions on their participation.

Arab and Muslim nations over the weekend called for a halt in arms sales to Israel as the mounting death toll from Israel's invasion of Gaza – launched in retaliation for cross-border attacks on Oct. 7 by the Palestinian Hamas militant group that governs the enclave – has provoked outrage in Arab capitals.

Elbit System established the UAE-registered company in 2021 with the stated aim of establishing long-term cooperation with the Emirati military. The Israeli parent company has in recent weeks publicly stated its support for Israel and its military.

A man wearing traditional Emirati attire, known as the kandora and ghutra, was offering traditional Arab coffee to those visiting the Elbit Systems stand, also near UAE's EDGE.

Israeli companies have only openly participated in UAE exhibitions and conferences since 2020, when the Gulf Arab power and Israel established ties under a U.S.-brokered agreement.

The UAE intends to maintain those diplomatic ties despite the international outcry over the mounting toll of the war in Gaza, sources familiar with UAE government policy have told Reuters.

© Reuters. A general view of the Israel Aerospace Industries (IAI) booth on the opening day of the weeklong Dubai Airshow, in Dubai, UAE, November 13, 2023. REUTERS/Alexander Cornwell

The UAE became the most prominent Arab nation to establish diplomatic ties with Israel in 30 years under the U.S.-brokered Abraham Accords in 2020. That deal broke with decades of pan-Arab policy that called for a Palestinian state before normalisation and paved the way for other Arab states to build ties with Israel.

Emirati Vice President Sheikh Mansour bin Zayed Al Nahyan, a brother of President Sheikh Mohamed, attended the extraordinary joint-meeting of the Arab League and Organisation of Islamic Cooperation (OIC) states that called for the arms embargo on Israel. (This story has been refiled to fix a typo in paragraph 6)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.