Prior to the 2032 Olympics in Brisbane, the Australian federal government and Queensland state government announced they would spend a combined A$7.1 billion ($4.9 billion). A$2.5 billion will be provided by the federal government for the development of Brisbane Arena, a proposed 17,000-seat sports venue, while A$2.7 billion will be contributed by the Queensland government for the rebuilding of the Gabba cricket ground. It was announced during a joint press conference by Queensland Premier Annastacia Palaszczuk and Prime Minister Anthony Albanese that 16 newly built or upgraded venues would receive A$1.87 billion in co-funding on a 50/50 basis between the…
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After meeting with senior US government officials and Congressional members, Sheikh Abdullah bin Zayed Al Nahyan, UAE Minister of Foreign Affairs and International Cooperation, concluded his visit to Washington, DC. Sheikh Abdullah reaffirmed a shared commitment to cooperation in efforts to promote peace in the region. He met with Jake Sullivan, US National Security Advisor, and Brett McGurk, Deputy Assistant to the President and White House Coordinator for the Middle East and North Africa. Also discussed were ongoing humanitarian assistance efforts following the devastating earthquakes in Turkey and Syria, and the UAE’s steadfast commitment to supporting the people of both…
As the first and largest low-cost carrier (LCC) in the Middle East and North Africa, Air Arabia (PJSC) announced historic financial results on December 31, 2022. As the airline continued to grow, the airline achieved extraordinary financial and operational performance, almost doubling profit and passenger numbers. Air Arabia reported a net profit of AED 1.2 billion for the full year ending December 31, 2022, up 70 percent from AED 720 million in 2021. In 2022, the airline’s revenue reached AED 5.2 billion, an increase of 65 percent from AED 3.2 billion in 2021. Passenger numbers exceeded pre-pandemic levels in 2022,…
Tesla has recalled nearly 363,000 vehicles with its “Full Self-Driving” system, which can misbehave around intersections and don’t always obey speed limits. Tesla’s automated driving systems are under investigation by the National Highway Traffic Safety Administration, the most serious action taken against the electric vehicle maker so far according to AP. This recall covers certain Model S and Model X vehicles manufactured between 2016 and 2023, as well as Model 3 vehicles produced between 2017 and 2013, as well as Model Y vehicles manufactured between 2020 and 2023 which have either received or are due to receive the software.
In July 2023, Etihad Airways will introduce a new direct service between Abu Dhabi and Lisbon, which will be effective from 2nd July. Abu Dhabi will be connected to Portugal’s capital city with three weekly flights scheduled on Tuesdays, Wednesdays, and Sundays, just in time for the summer holidays. This summer, Etihad Airways will also offer flights to Malaga on the Spanish Costa del Sol and Mykonos, a popular Greek island. In June 2023, Etihad Airways will fly to Malaga twice a week, on Wednesdays and Sundays. Malaga is one of the most visited coastal cities in Spain, offering miles-long…
President His Highness Sheikh Mohamed bin Zayed Al Nahyan received Abdul Hamid Dbeibeh, Prime Minister of Libya’s Government of National Unity, today at Al Shati Palace. The two sides reviewed UAE-Libya fraternal relations and aspects of joint cooperation during the meeting, as well as supporting Libya’s development path to fulfill its people’s aspirations, as well as preserving Libya’s sovereignty and territorial integrity. UAE President receives Libyan Prime MinisterThe meeting was attended by Sheikh Mohammed bin Hamad bin Tahnoun Al Nahyan, Advisor for Special Affairs at the Ministry of Presidential Court; Ali bin Hammad Al Shamsi, Deputy Secretary-General of the Supreme…
Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, met today with Ali Asadov, Prime Minister of Azerbaijan. The meeting took place on the sidelines of the World Government Summit 2023. The meeting was held in the presence of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council. The UAE and Azerbaijan explored ways to expand cooperation in various vital sectors to support their sustainable development goals during the meeting. Both countries discussed their bilateral relations as well as their shared desire to…
Cyclone Gabrielle pounded the North Island with wind and rain, knocking out power to tens of thousands of homes and killing three people. New Zealand declared a National State of Emergency for the third time in its history. Several waves are close to 11 meters high off the Bay of Islands, due to winds gusting over 140 kilometers per hour (87 miles per hour). The full extent of the catastrophe became apparent as the country awoke Tuesday morning, Prime Minister Chris Hipkins said. “In the wake of such a huge event in the last 24 hours, it is imperative that…
The UAE has played a pivotal role in facilitating global aid to earthquake-hit Syria and Turkey, and the natural disaster has served as a reminder for governments to enhance emergency response efforts, according to Dr. Tedros Adhanom Ghebreyesus, Director-General of the World Health Organization (WHO), at the World Government Summit 2023. During his virtual address, Ghebreyesus said the UAE had been a key humanitarian hub for WHO’s aid efforts in Syria and Turkey. These countries have been hit by two devastating earthquakes that have killed over 35,000 people. “Our logistics hub in Dubai has dispatched three flights with medical supplies…
Through its new dedicated development finance arm, EIB Global, the European Investment Bank (EIB) will contribute $27 million to the Middle East Venture Fund IV (MEVF IV). Middle East Venture Partners (MEVP) has launched a new venture capital fund that will increase targeted equity investments in e-commerce, health, and education technology companies in the Middle East. Over 8,000 jobs will be created in the Middle East because of investments in the upcoming fund. Utilizing MEVP’s 12 years of successful technical and sector investments, the proposed initiative will scale up long-term investments in early and growth stage companies. The Middle East…