How UAE defence giant EDGE Group plans to double its exports
The UAE defence conglomerate has put an aggressive strategy in place to increase its share of exports while navigating the growing gap between East and West.
airBaltic has announced an increase in the number of flights it will offer from Riga to Brussels during the summer of 2010, with two services being flown every weekday.
Tero Taskila, chief commercial officer of airBaltic, remarked, "Riga will be the only airport in the Baltic States from which it will be possible to fly to Brussels and back within one day during the summer. This opportunity will ensure considerable time and money saving. Additional flights on the route from Riga to Brussels will offer more comfortable travel for officials and governments that have concluded agreements with airBaltic“.
During 2009, such agreements with the airline were concluded by the governments of Finland, Denmark, Germany, Austria and Switzerland.
During the winter season, airBaltic is offering seven flights a week. During the summer, there will be 11 flights a week – a morning and an evening flight on weekdays and an additional flight on Sunday evening.
The UAE defence conglomerate has put an aggressive strategy in place to increase its share of exports while navigating the growing gap between East and West.
The US Congress has raised concerns about how inflation rates and cuts in main acquisition programmes could affect the US military.
Washington’s ageing inventory and the pace Moscow and Beijing have been modernising their capabilities put in check the US Nuclear deterrence.
The Pentagon has been operating under temporary funding since October 2023, which has impacted its main acquisition and development programmes, increasing the capability gap between the US and China.
In 2023, defence spending increased by an unprecedented 11% across European NATO countries and Canada. Since 2014, the group has spent an additional US$600 billion on defence.
The DoD requested nearly US$850 billion to fund operations over the next fiscal year. Despite the amount being 1% higher than the FY2024 budget request, it has not covered the 3% inflation rate, which could impact the DoD’s main programmes in the medium and long term.