Abu Dhabi is reportedly considering the creation of a new entity for defence deals, Bloomberg reports
Context
The report about Abu Dhabi considering a new entity for defense deals indicates a potential shift in regional defense strategy, possibly enhancing its military procurement capabilities. This could spur interest in defense firms like Rheinmetall and Lockheed Martin, signaling increased defense spending in the region, which might influence broader market sentiment and asset flows within the equities space.
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