BAE warns of risk from German stance on Saudi arms

BAE said that it was reliant on the approval of export licenses by a number of governments to continue supplies to Saudi Arabia. (Shutterstock)
Updated 22 February 2019
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BAE warns of risk from German stance on Saudi arms

  • BAE makes 14 percent of its annual sales from selling Typhoons and other arms to Saudi Arabia
  • Germany is part of the consortium that builds the Eurofighter Typhoon, a fighter jet that BAE has sold to Saudi Arabia

LONDON: Leading British defense contractor BAE Systems said German moves to block exports to Saudi Arabia could damage its major deals with the country and weigh on its financial performance.
BAE said that it was reliant on the approval of export licenses by a number of governments to continue supplies to Saudi Arabia.
“The position on export licensing currently adopted by the German government may affect the group’s ability to provide the required capability to the Kingdom,” it said in its annual financial results on Thursday, adding it was working with British authorities to minimize the risk.
Germany is part of the consortium that builds the Eurofighter Typhoon, a fighter jet that BAE has sold to Saudi Arabia, through Airbus and MTU Aero Engines.
Germany’s government is trying to halt weapons exports to Saudi Arabia after the killing of Saudi journalist Jamal Khashoggi last October but Britain has urged the country to exempt big defense projects or face damage to its commercial credibility.
BAE makes 14 percent of its annual sales from selling Typhoons and other arms to Saudi Arabia. “The issue of German licenses is a political issue and as such requires it to be resolved at the political level ... To date, the impact has been minimal, but over time, it could become more difficult,” Chief Executive Charles Woodburn said.


Egypt’s aviation ministry to increase departure fee for travelers in November: Reports 

Updated 19 March 2019
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Egypt’s aviation ministry to increase departure fee for travelers in November: Reports 

  • Media said the increase to the passenger departure fee will raise the amount to $25

CAIRO: Egypt’s Ministry of Civil Aviation has reportedly announced a $5 increase in the travelers’ departure fee starting from next November, local newspapers reported on Tuesday.

Media said the increase to the passenger departure fee will raise the amount to $25, to be obtained indirectly for each passenger flying on regular or charter flights — both internationally and domestically — from Egyptian airports. 

The rate has not changed since 2013, the ministry said in a statement quoted by Al-Ahram Newspaper

The proposed increase was adopted by the Supreme Council for Pricing after "careful consideration" and according to normal practice in airports worldwide, it added.  

The ministry said the increase is in line with the challenges and demands needed for the development of the entire service system at Egyptian airports.