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.
From June 2010, Iceland Express will fly twice a week from Reykjavik’s Keflavik International Airport to Winnipeg International Airport, adding the service to the Canadian destination to its three other new routes this year, London Gatwick–New York, London Gatwick–Akureyri and Birmingham–Reykjavik.
“Iceland Express is delighted to announce a fourth new route for 2010, this is a very exciting time for us,” says Matthias Imsland, Iceland Express CEO. “Winnipeg is a great destination for Iceland Express. As well as offering a beautiful landscape, Manitoba also acts as a great base for British travellers and will also be popular among Icelanders visiting family.”
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.