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NEWS DESK

Defence stocks in focus: US military spending cuts and Russia-Ukraine peace deal buzz – Saxo Bank MENA

Recent headlines about potential U.S. defence spending cuts have sparked concerns across markets. While the immediate impact may be limited, the longer-term outlook for defence contractors is under scrutiny as the administration reviews major programs. Meanwhile, calls for increased defence spending from NATO allies could create new opportunities. Let’s break down what’s
Defence & Security

US military to get new task force

To improve fighting strength In a sweeping move to refocus the US military on a merit-based system, US Defence Secretary Pete Hegseth has announced the establishment of a new task force designed to strengthen America’s fighting force. The newly formed ‘Restoring America’s Fighting Force’ Task Force will ensure that the US Department of Defence (DOD) […]
Logistics

Aid delivery to Gaza shifts to land route from Ashdod Port

US military ends temporary dock operation The US military’s temporary maritime operation to deliver humanitarian aid to Gaza has successfully concluded. The operation, which utilised a temporary dock known as Joint Logistics Over-the-Shore, completed its mission efficiently and effectively. In a statement, US Deputy Commander Brad Cooper confirmed that future aid