France, Lebanon haggle over procurement list
Saudi Arabia's offer to buy French military materiel worth $3 billion for the Lebanese Army has prompted some furious negotiating between Paris and Beirut. [...]
DCNS is France’s leading naval shipyard. The company builds both surface vessels and submarines for the French Navy. It also exports, recently landing contracts in India, Brazil and Australia.
Fadel Al Kaabi, formerly of the Tawazun sovereign fund, set up the International Golden Group (IGG) in 2002. The company, which is headed by Fadel's uncle, former armed forces deputy chief of staff Mohammed Hilal Al Kaabi, specialises in partnerships with Western defence groups like France's Thales, Britain's BAE, Paramount of South Africa and Italy's Selex. [...]