UAE announces Middle East defense giant in the wake of Aramco attacks

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…