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UAE’s Edge Group Invests in Israeli Drone Tech Firm as Abraham Accords Hold Strong Amid Gaza War

Israel’s then-Minister of Economy and Industry Orna Barbivai and UAE Minister of Economy Abdulla bin Touq Al Marri present the Free Trade Agreement they signed, which is the first such agreement Israel has with an Arab county, in Dubai, United Arab Emirates, May 31, 2022. Photo: Anuj Taylor Strap Studios-GPO/Handout via REUTERS
The Emirati defense and technology conglomerate EDGE Group has acquired a stake in an Israeli defense firm, underscoring the resilience of the Abraham Accords amid the Israel-Hamas war in Gaza.
The acquisition of a 30 percent stake in ThirdEye is the latest example of growing defense collaboration between Israel and the United Arab Emirates.
Since 2020, as part of the Abraham Accords — a series of historic US-brokered normalization agreements between Israel and several Arab countries — defense and economic cooperation between Israel and the United Arab Emirates has grown, alongside diplomatic ties with Sudan, Bahrain, and Morocco.
According to ThirdEye Systems Ltd., EDGE Group is investing $10 million in exchange for a stake in the company.
In addition, the two companies will establish a joint venture with a further $12 million investment to focus on “developing and marketing cutting-edge electro-optical object recognition systems.”
EDGE is one of the top three global suppliers of precision-guided munitions, consisting of over 35 companies, while ThirdEye is a research and development firm specializing in object recognition technology for drones used by the Israeli military.
Despite the war in Gaza, economic ties between Israel and the UAE have remained strong.
Last year, annual Israel-UAE trade was reportedly projected to reach a record $3.3 billion compared to $2.95 billion in 2023.
Trade is mainly centered on diamonds, with precious stones being the largest exports between the two nations in 2022 and 2023.
In 2022, Israel strengthened its defense ties with the UAE by agreeing to sell the SPYDER air defense system, made by the Israeli company Rafael.
The post UAE’s Edge Group Invests in Israeli Drone Tech Firm as Abraham Accords Hold Strong Amid Gaza War first appeared on Algemeiner.com.
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Putin Speaks to Trump, Condemns Israel’s Strikes on Iran, Kremlin Says

Russian President Vladimir Putin and Iranian President Masoud Pezeshkian meet in Moscow, Russia, Jan. 17, 2025. Photo: REUTERS/Evgenia Novozhenina
Russian President Vladimir Putin spoke to US President Donald Trump for 50 minutes on Saturday, condemning the Israeli military operation against Iran and expressing concern about the risks of escalation, the Kremlin said.
“Vladimir Putin condemned Israel’s military operation against Iran and expressed serious concern about a possible escalation of the conflict, which would have unpredictable consequences for the entire situation in the Middle East,” Kremlin aide Yuri Ushakov told reporters.
Trump, for his part, described events in the Middle East as “very alarming,” according to Ushakov. But the two leaders said they do not rule out a return to the negotiating track on Iran’s nuclear program, Ushakov said.
On Ukraine, Putin told the US leader that Russia was ready to continue negotiations with the Ukrainians after June 22, according to state news agency RIA.
Trump reiterated his interest in a speedy resolution to the conflict, the Kremlin aide said.
Putin also congratulated Trump on his 79th birthday.
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Sunday’s US-Iran Nuclear Talks Cancelled, Oman Says

FILE PHOTO: Oman’s Foreign Minister Sayyid Badr bin Hamad bin Hamood Albusaidi attends a meeting with Russia’s Foreign Minister Sergei Lavrov in Moscow, Russia July 11, 2023. Photo: Natalia Kolesnikova/Pool via REUTERS/File Photo
The latest round of US-Iran nuclear talks scheduled for Sunday in Muscat will not take place, Omani Foreign Minister Badr Albusaidi said on X on Saturday. Oman has been mediating the talks.
Albusaidi’s statement came a day after Israel launched a sweeping air offensive against Iran, killing commanders and scientists and bombing nuclear sites in a stated bid to stop it building an atomic weapon.
A senior official of US President Donald Trump’s administration, speaking on condition of anonymity, confirmed Sunday’s talks had been cancelled.
Washington, however, remained committed to the negotiations and hoped “the Iranians will come to the table soon,” the official said.
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Iran Says Talks with US ‘Meaningless’ After Israel Attack, But Yet to Decide on Attending

USA and Iranian flags are seen in this illustration taken, Sept. 8, 2022. Photo: REUTERS/Dado Ruvic/Illustration
Iran said the dialogue with the US over Tehran’s nuclear program is “meaningless” after Israel’s biggest-ever military strike against its longstanding enemy, but said it is yet to decide on whether to attend planned talks on Sunday.
“The other side (the US) acted in a way that makes dialogue meaningless. You cannot claim to negotiate and at the same time divide work by allowing the Zionist regime (Israel) to target Iran’s territory,” state media on Saturday quoted foreign ministry spokesperson Esmaeil Baghaei as saying.
“It is still unclear what decision we will make on Sunday in this regard,” Baghaei was quoted as saying.
He said Israel “succeeded in influencing” the diplomatic process and the Israeli attack would not have happened without Washington’s permission, accusing Washington of supporting the attack.
Iran earlier accused the US of being complicit in Israel’s attacks, but Washington denied the allegation and told Tehran at the United Nations Security Council that it would be “wise” to negotiate over its nuclear program.
The sixth round of US-Iran nuclear talks was set to be held on Sunday in Muscat, but it was unclear whether it would go ahead after the Israeli strikes.
Iran denies that its uranium enrichment program is for anything other than civilian purposes, rejecting Israeli allegations that it is secretly developing nuclear weapons.
US President Donald Trump told Reuters that he and his team had known the Israeli attacks were coming but they still saw room for an accord.
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