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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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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