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.
Wizz Air is to launch two new routes from Poland; from Warsaw to Madrid and from Gdansk to Barcelona.
The two new routes, which replace current flights to Gothenburg (from Gdansk) and Memmingen (from Katowice), will start on 24 April and initially operate twice a week.
“By making this change in our network, we are reflecting the real needs of our passengers. The numerous feedbacks that we got from the public as well as from the trade indicated that Spain is an increasingly popular market and we believe that now is the right time to act,” remarked György Abrán, chief commercial officer of Wizz Air.
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.