You are hereHome SectorsUAE
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.



date:Posted: November 26, 2015
UAE. Legal experts say move will influence oil major investment plans in Iran ahead of the lifting of sanctions; Lawmakers likely to be mindful of "missed opportunities" in Iraq and Lebanon.
date:Posted: November 25, 2015
UAE. EMAAR, Shell, and Emirates lead The LinkedIn InDemand list of the most sought-after employers in the region based on millions of interactions from members; Rather than relying on questionnaires, InDemand measures the actual behaviour of professionals as they explore their career journey.
date:Posted: November 24, 2015
INTERNATIONAL. Commodities still under pressure; Oversupply in the oil market continues to be a concern; Gold consolidating as December rate hike now priced in.
UAE. "Middle Eastern interest in African investment opportunities has been noteworthy historically given that Sub-Saharan Africa is just next-door. Over the last decade, Dubai logistics and air travel have become Africa's hub and link point for China and the rest of Asia."
Monogram Ring