FII Institute PRIORITY Summit to Be Held in US on February 22-23

FII Institute PRIORITY Summit to Be Held in US on February 22-23
TT

FII Institute PRIORITY Summit to Be Held in US on February 22-23

FII Institute PRIORITY Summit to Be Held in US on February 22-23

Leaders from across the world, and across the political spectrum will gather in Miami for the Future Investment Initiative PRIORITY Summit on February 22 and 23.

The event will bring together 1,000 investors, business leaders and policy experts at a time of heightened global tensions.

With the world experiencing an array of immediate and long-term risks, including geopolitical tension, contested elections, polarized discourse, climate concerns, AI threats and economic headwinds, the FII Institute is convening an international summit to encourage the mobilization of investment as a force for good.

The summit, held under the theme “On the Edge of a New Frontier”, will address the changing economic, social and political realities, and the issues that are of concern to citizens the world over. Discussions will include the digitization of every economic sector, investor outlook, climate tech, the new AI ecosystem, innovations for better urban environments, and the forthcoming US elections.

Over one hundred luminaries from finance, business and government are due to speak, including Michael Dell, Founder, Chairman, & CEO, Dell Technologies; Larry Summers, President Emeritus, Harvard University & Board Member at OpenAI; Jennifer Johnson, President & CEO, Franklin Templeton; Pamela Liebman, President and CEO, The Corcoran Group; Julie Sweet, Chair and CEO, Accenture; Tom Vice, CEO, Sierra Space; Magda Wierzycka, Sygnia Ltd; Josh Harris, Founder, 26North and Managing Partner, Washington Commanders; Dr Chloé Bakalar, Chief Ethicist, Responsible AI, Meta; Caroline Yap, Managing Director, Global AI Business, Google; and Todd Boehly, Co-Founder, Chairman & CEO, Eldridge Industries

The Future Investment Initiative’s (FII) Founding Partner, the Public Investment Fund of Saudi Arabia, will be joined by 25 Strategic Partners, including international companies Pepsico, Franklin Templeton, HSBC, Softbank Vision Fund, Standard Chartered, Straight Street, and GFH Financial Group. Strategic Partners support the ongoing work of the institute.

The FII Institute conducts ongoing research to identify the issues that matter to citizens worldwide. This year’s polling sampled 50,000 people from 23 countries to identify humanity’s priorities. The findings are used to shape FII’s policy agenda and program of summits.

This year’s research revealed a dramatic global drop of 20% in satisfaction levels, and discontent across a range of issues, including cost of living, loneliness, technology, and climate concerns. Meanwhile, 62% of respondents in the United States say their government is not doing enough to regulate the impact of emerging technology on society.

FII PRIORITY Summit Miami continues conversations held in Hong Kong and Riyadh in fall 2023. It is part of an ongoing global program of summits held next in forward looking global cities throughout the year, with summits coming up in Rio de Janeiro and Nairobi in the spring and summer.

Miami has been chosen for its vibrancy, diversity, economic significance, and its role as a vital link between continents, economies, and societies.

Richard Attias, CEO of the Future Investment Initiative Institute said: “This year marks an historic moment with nearly half of the world’s population participating in national elections in 2024, underscoring the significance of citizen priorities and leaders’ effective responses to them.”

“The choices made by leaders in government and investment during this period will have far-reaching consequences for global peace, prosperity, and stability and I am delighted that over 1,000 leaders will spend time in Miami deliberating on those issues that matter to the world,” he added.



Saudi's flynas Strikes Deal for Additional Airbus A320neos, 15 A330s

Saudi's flynas strikes deal for additional Airbus A320neos, 15 A330s (flynas)
Saudi's flynas strikes deal for additional Airbus A320neos, 15 A330s (flynas)
TT

Saudi's flynas Strikes Deal for Additional Airbus A320neos, 15 A330s

Saudi's flynas strikes deal for additional Airbus A320neos, 15 A330s (flynas)
Saudi's flynas strikes deal for additional Airbus A320neos, 15 A330s (flynas)

flynas, Saudi Arabia’s leading low-cost carrier, has signed a Memorandum of Understanding (MoU) with Airbus for 75 A320neo family aircraft and 15 A330-900. This strategic agreement will expand the airline's capacity, range and enhance its overall fleet capabilities.
Signed during Farnborough International Airshow in the presence of President of the General Authority of Civil Aviation (GACA) of Saudi Arabia, Abdulaziz bin Abdullah Al-Duailej, Chairman of the Board of NAS Holding Ayed Al Jeaid, flynas Chief Executive Officer & Managing Director Bandar Almohanna, and Airbus Chief Executive Officer, Commercial Aircraft, Christian Scherer, Airbus said on its website.
The new aircraft will join the carrier’s all Airbus fleet serving international, domestic and regional routes. The new A330-900 aircraft will boast a two-class configuration, accommodating up to 400 passengers.
"We are excited to further strengthen our long-standing partnership with Airbus," said Bander Almohanna, CEO and Managing Director of flynas. "The A320neo Family provides exceptional operational performance and environmental benefits, allowing us to offer unique, low-cost travel experiences. Additionally, the A330neowill enhance our long-haul capabilities with its advanced technology and efficiency while supporting our growth plans and Saudi Arabia’s pilgrim program."
Airbus Chief Executive Officer, Commercial Aircraft, Christian Scherer said, "We are delighted to expand our partnership with flynas through this significant milestone for both A320neo and A330-900 aircraft. The A330neo will allow flynas to further grow into widebody markets by building on the A320, benefiting from Airbus’ unique commonality. Both aircraft types offer flynas the perfect versatility and economics to expand into new markets while offering their passengers the latest cabin experience and comfort. We look forward to continuing our successful collaboration with flynas as they embark on this exciting new chapter."
The addition of the A330-900 aircraft will support flynas' ambitious growth plans. The airline anticipates significant operational efficiency gains by combining the new widebody aircraft with its existing A320neo fleet. The A330-900 offers increased capacity and range at unrivaled seat costs, ensuring flynas can compete effectively in the growing regional market, a key focus area for the airline.
The A330neo delivers unbeatable operating economics, powered by the latest-generation Rolls-Royce Trent 7000 engines, featuring new wings and a range of aerodynamic innovations resulting in a 25 percent reduction in fuel consumption and CO₂ emissions compared to previous generation competitor aircraft. The A330neo is capable of flying 8,150 nm / 15,094 km non-stop, providing ultimate comfort with more passenger space, a new lighting system, latest in-flight entertainment systems and full connectivity throughout the cabin.
As with all Airbus aircraft, the A330 family is already able to operate with up to 50% Sustainable Aviation Fuel (SAF). The manufacturer is targeting to have its aircraft up to 100% SAF capable by 2030.