UAE delivers 10 aid convoys to Gaza

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The United Arab Emirates has sent ten humanitarian aid convoys to the Gaza Strip as part of its ongoing relief effort. This campaign, carried out under the "Gallant Knight 3" operation, seeks to offer critical food supplies, medical aid, and other requirements to Palestinians affected by the ongoing situation. Despite the challenges on the ground, the UAE's leadership has reaffirmed its commitment to humanitarian assistance, ensuring that relief reaches those in critical need. These convoys are part of a larger campaign to alleviate suffering in Gaza, where thousands of families are facing shortages of basic commodities. UAE relief teams, working in collaboration with international humanitarian groups, have been critical in ensuring the safe and efficient distribution of aid. Medical supplies and food packages have been prioritized, especially for children, the elderly, and the most vulnerable people affected by the disaster. The UAE has long been at the forefront of huma...
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UAE's e& completes establishing a joint venture with Bespin Global

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UAE

The joint venture (JV) between Bespin Global of South Korea and the UAE telecom provider e&, formerly known as Etisalat, has been finalized.

In return for a 10% interest, E& invested $60 million in Bespin Global, the telecommunications provider disclosed in a regulatory filing on Friday with the Abu Dhabi Securities return (ADX).

With effect from May 2023, the JV will be treated as a subsidiary of e&, it was said.

It will offer public cloud services for the Middle East,Turkey, Africa, and Pakistan and be owned by e& enterprise to the tune of 65% and Bespin Global to the tune of 35%.

One of the cloud managed service providers with the quickest rate of growth, Bespin Global has offices in South Korea, China, Japan, Singapore, Vietnam, Indonesia, and the US from where it serves over 1,700 clients.

The purchase fits with the strategic goals of the $57 billion telecoms business to diversify operations and increase its worldwide footprint. It entered into a legally binding deal with Uber Technologies Inc. last month to contribute $400 million in exchange for a controlling interest in Careem's super-app company.

It increased its shareholding to 14% earlier this year, making it the Vodafone Group's largest stakeholder.

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