UAE’s Lifeline to Lebanon: 18th Aid Plane Delivers Vital Medical Supplies Amidst Crisis

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  The United Arab Emirates has dispatched its 18th aid aircraft carrying 40 tonnes of essential medical supplies to Lebanon as part of the “UAE Stands with Lebanon” campaign. This ongoing initiative, launched in early October, aims to provide critical food, medical, and shelter supplies to the Lebanese population, who continue to face severe hardships due to ongoing conflict. In close collaboration with international organizations such as the World Health Organization (WHO), the United Nations High Commissioner for Refugees (UNHCR), and the International Federation of Red Cross and Red Crescent Societies (IFRC), UAE humanitarian organizations are playing a pivotal role in delivering life-saving aid to Lebanon’s vulnerable communities. The campaign is a direct response to the directives of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, with further guidance from His Highness Sheikh Mansour bin Zayed Al Nahyan, UAE Vice President and Deputy Prime Minister, and under the l
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Elon Musk, Mark Zuckerberg And Jeff Bezos Lose $60 Billion Of Their Wealth

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Elon Musk

The three richest businessmen lost their wealth by $60 billion in the first 6 months of 2022. Tesla founder Elon Musk's fortune fell by almost $62 billion, Amazon CEO Jeff Bezos' money fell by almost $63 billion, and Facebook co-founder Mark Zuckerberg's fortune fell by more than half in the first half of 2022.

According to the Bloomberg Billionaires Index, the world's 500 wealthiest people lost $1.4 trillion in the first half of 2022. This is the largest six-month decrease in the global billionaire class's history.

The reason for this drop in the wealth of billionaires is the Covid-19 pandemic. Actually, the index said that the governments and central banks unleashed unprecedented stimulus measures in the wake of the Covid-19 pandemic, which affected businesses.

Stock markets have faced some of their worst days this year due to the Russia-Ukraine conflict and rising inflation across the world. The government has also raised interest rates to battle rising inflation amid the Russia-Ukraine war, and the billionaires who hold stocks and highest-flying shares are rapidly losing their money. Investors have lost trillions of dollars in the stock market this year.

What happened to big tech companies?

Tesla Inc had its worst quarter ever in the three months ending June. Shares of Tesla sank to an 11-month low in May 2022. Musk lost a lot of money in the first 6 months of 2022. Despite losing more than $60 billion in wealth, he is the richest man in the world. According to Forbes, his wealth is around $203 billion.

Amazon’s Bezos is the second richest man in the world, with a $129.6 billion net worth. The index further ranked France’s richest person Bernard Arnault in the third position, with a $128.7 billion fortune. Bill Gates is the fourth richest man in the world, with $114.8 billion

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