ABU DHABI, UAE – OCTOBER 15, 2019: Crown Prince Mohammed bin Zayed Al Nahyan of the Emirate of Abu Dhabi.
Alexei Nikolsky | TASS | Getty Images
The effective ruler of the United Arab Emirates (UAE) announced Tuesday that 25 government-owned and independent companies are to combine to create one of the Middle East’s biggest defense groups.
Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan, who also acts as deputy supreme commander of the armed forces, announced combining the 25 firms to create a new conglomerate titled Edge.
The man selected to run Edge as both chief executive and managing director is Faisal Al Bannai, who was formerly a managing director at UAE cybersecurity company…