Daily Newsletter

14 November 2023

Daily Newsletter

14 November 2023

Signal: Islamic-Arab summit calls for halt in arms sales to Israel

Israeli weapons companies were absent at the Dubai Airshow following accusations of “war crimes” by Saudi Arabia, Turkey and Iran.

Alex Blair November 14 2023

The exhibition stands of Israeli defence companies Rafael Advanced Defence Systems and Israel Aerospace Industries (IAI) were empty at the opening of the weeklong Dubai Airshow on 13 November, as reported by Reuters, amid rising pressure to stop arms sales into Israel.

No explanation has been given for the unmanned stands. Rafael, IAI and the Dubai Airshow did not respond to requests for comment.

On 11 November, Saudi Crown Prince Mohammed-bin Salman convened Arab and Muslim leaders in Riyadh to issue a joint communique condemning “the war crimes and crimes against humanity that Israel is committing” in the Palestinian territories.

Leaders including Turkish President Tayyip Erdogan, Iranian President Ebrahim Raisi, Syrian President Bashar al-Assad and Qatar’s Emir Sheikh Tamim bin Hamad Al Thani called on the International Criminal Court (ICC) to investigate the Israel Defence Forces’ (IDF) actions in Palestine.


Saudi Arabia shifts diplomatic efforts from Israel to Iran

In a move contradicting (US-brokered) attempts to normalise Israel-Saudi relations in September, Bin-Salman affirmed Riyadh’s “condemnation and categorical rejection of this barbaric war against our brothers in Palestine”.

The Crown Prince also demanded an “immediate halt to military operations” in his address at the summit.

The summit marked a seismic shift in Middle Eastern geopolitics. Bin-Salman and Raisi met for the first time since Riyadh and Tehran officially restored relations in April, in talks brokered by Chinese foreign minister Qin Gang.


“We kiss the hands of Hamas for its resistance against Israel”, Raisi said in his address at the summit. A long-time adversary of Israel, Iran has provided Hamas with weapons in the past.

Our signals coverage is powered by GlobalData’s Thematic Engine, which tags millions of data items across six alternative datasets — patents, jobs, deals, company filings, social media mentions and news — to themes, sectors and companies. These signals enhance our predictive capabilities, helping us to identify the most disruptive threats across each of the sectors we cover and the companies best placed to succeed.

Space economy - A universe of relentless competition

Per GlobalData estimates, the space industry was worth $450 billion in 2022 and is expected to expand at a CAGR of somewhere between 6% and 10% by 2030. Investor interest, evident gaps in the market, and advancements in space technologies have led to a surge in start-ups entering the space economy in the last five years. The unforgiving environment of space exploration is matched by the harsh financial reality of developing space technologies, which has made acquisitions of complementary companies, strategic suppliers, and partners more likely.

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