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 carried 199,085 passengers in January 2010 from its main bases in Riga, Vilnius and Tallinn, an increase of 12% over the same month in 2009, when airBaltic transported 177,197 passengers.
In January 2010, the number of airBaltic passengers passing through Riga International Airport increased by 20% compared with January last year.
The airline’s load factor in January 2010 was at a level of 57%, or 1 percentage point less than in January 2009. The 15-minute flight punctuality indicator for airBaltic was 85.9% in January 2010.
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.