Israel provides air defence system to UAE

According to a report by Reuters, the Israeli government agreed to sell its Spyder (Surface-to-air Python and Derby) air defence system developed by Rafael to the UAE. This deal is unique as it is the first time this type of equipment has been sold to a Gulf country. ...

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Powell’s speech rocks markets

Jerome Powell, the chairman of the Federal Reserve, said on Friday that the Fed is committed to battling inflation and that it would keep raising interest rates in a way that will hurt the US economy to some extent. The Fed would forcefully employ its tools to fight...

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