France-UAE talks over Rafale stalled
Source: BI-ME with Reuters , Author: Posted by BI-ME staff
Posted: Wed May 30, 2012 11:49 am

UAE. Negotiations between France and the United Arab Emirates over the potential sale of 60 Rafale warplanes to the Gulf nation have "stalled", La Tribune newspaper reported on Tuesday.

The on-off negotiations have been under way for more than a year and were given high-profile support by former French president Nicolas Sarkozy, who mounted a diplomatic campaign to win the first firm export order for the Dassault-built jet.

Talks hit an obstacle in November when Abu Dhabi publicly criticized Dassault Aviation over the price of the multi-role combat jet and sought information on the competing Eurofighter Typhoon . It has also had contacts with U.S. Boeing over the F-18 warplane.

But talks were reported to have taken off again ahead of the recent French elections.

Citing unidentified French industry and government sources, La Tribune said Abu Dhabi's leadership now appeared less hurried to close a deal and would be gauging the diplomatic engagement of President Francois Hollande, a Socialist who replaced Sarkozy earlier this month.

Dassault declined to comment when contacted by Reuters.

India selected the Rafale to enter exclusive negotiations for a potential 126-plane order in late January, beating the Eurofighter, but analysts say the US$10 billion deal could also be influenced by the outcome of arms talks between France and UAE.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: September 1, 2014
INTERNATIONAL. Oil markets since 2011 have become less price sensitive to actual supply disruptions, especially to those geopolitical events that have taken place since the Arab Spring.
date:Posted: September 1, 2014
JORDAN. The market recorded an increase in profit after tax to JOD 13.7 million in 2013, stemming from improved returns on underwriting and investment activities. Partially assisting this recovery has been the bullish performance of the Amman stock exchange.
date:Posted: September 1, 2014
SAUDI ARABIA. Consumer spending also remained robust; Non-oil exports rebound owing to greater production of petrochemicals and plastics.
JORDAN. The market recorded an increase in profit after tax to JOD 13.7 million in 2013, stemming from improved returns on underwriting and investment activities. Partially assisting this recovery has been the bullish performance of the Amman stock exchange.
dhgate