Edge + TKMS team up on underwater defense, ADX secures a SWIFT code

Edge and TKMS take the underwater route

Abu Dhabi defense giant Edge is expanding its European footprint, signing an MoU with German shipbuilding company TKMS to collaborate on underwater surveillance and protection systems, according to a press release. The goal is to blend advanced sensor networks and multi-platform tech into an all-seeing underwater radar that can be used by both countries’ maritime defense systems.

IN CONTEXT- For the UAE, the push comes as maritime security becomes increasingly tied to economic resilience and the protection of commercial shipping routes. The new MoU folds it into the broader UAE-Germany bilateral framework, and come amid growing Edge ties to Europe through a recently established European HQ in Paris.

ADX secures direct SWIFT integration

The Abu Dhabi Securities Exchange (ADX) officially activated its SWIFT code, plugging directly into the universal messaging network of global finance, according to a press release (pdf). The SWIFT connection makes cross-border transactions easier — allowing international investors and market infrastructure providers to connect to the UAE’s capital markets.