Trump announces $200 billion in deals during UAE visit, AI agreement signed
President Donald Trump on Thursday pledged to strengthen U.S. ties to the United Arab Emirates and announced deals with the Gulf state totaling over $200 billion and the two countries also agreed to deepen cooperation in artificial intelligence.
After Trump's meeting with UAE President Sheikh Mohamed bin Zayed Al Nahyan, the White House said he announced deals that included a $14.5 billion commitment from Etihad Airways to invest in 28 Boeing 787 and 777x aircraft powered by engines made by GE Aerospace.
The U.S. Commerce Department said the two countries also agreed to establish a "U.S.-UAE AI Acceleration Partnership" framework and Trump and Sheikh Mohamed attended the unveiling of a new 5GW AI campus, which would be the largest outside the United States.
Reuters
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
LBCI
10 hours ago
- LBCI
With no progress on reconstruction, Lebanon bets on donors to unlock funding
Report by Bassam Abou Zeid, English adaptation by Karine Keuchkerian Since the ceasefire between Israel and Hezbollah, no meaningful progress has been made on reconstruction. Lebanon had been awaiting the World Bank's approval of a $250 million loan on June 12, but reports now suggest the discussion of the loan may be postponed indefinitely. If the delay carries a message, it is a familiar one: no funds will be released without Lebanon fulfilling its promises. Still, the government remains determined to secure the funding needed for reconstruction, which is expected to come from donor countries and international agencies. The prime minister's office has scheduled a donor conference for Tuesday at the Grand Serail to announce that the first step in the process will be the $250 million loan. The loan is earmarked for debris removal and road and infrastructure repairs, mostly in densely populated areas—not in the heavily damaged front-line villages of southern Lebanon. According to government sources, Lebanon plans to ask donors to help increase the loan amount—first to $450 million, and eventually to $1 billion. The government also intends to present an outline of the overall reconstruction plan. The prime minister's office is banking on some positive developments, including key appointments at the Council for Development and Reconstruction, which will oversee the execution of the projects. Government sources have described the conference as exploratory, aiming to gauge the intentions of donor countries, particularly Gulf states and Arab funds. However, the most that can be expected, according to the sources, are promises of funding contingent on the continued implementation of reforms and concrete steps to ensure stability in Lebanon—especially the disarmament of Hezbollah.
LBCI
14 hours ago
- LBCI
Musk's father says Trump row triggered by intense stress, has to end
The row between Donald Trump and Elon Musk was triggered by months of intense stress on both sides, and the public battle between the U.S. president and the billionaire donor needs to stop, Musk's father told Reuters on Monday. Trump and Musk began exchanging insults last week on social media, with the Tesla and SpaceX CEO describing the president's sweeping tax and spending bill as a "disgusting abomination." Asked whether he thought his son had made a mistake by engaging in a public row with the president, Errol Musk said people were sometimes unable to think as clearly as they should "in the heat of the moment." "They've had five months of intense stress," Musk told Reuters at a conference in Moscow organized by conservative Russian tycoons. "With all the opposition cleared and two people left in the arena, all they have ever done is get rid of everything and now they are trying to get rid of each other - well that has to stop." Asked how it would end, he said: "Oh, it will end on a good note - very soon."
LBCI
2 days ago
- LBCI
Trump says Musk to face 'serious consequences' if he funds Democrats
Donald Trump said on Saturday there would be "serious consequences" if Elon Musk funds U.S. Democrats running against Republicans who vote for the president's sweeping tax-cut and spending bill and said his relationship with his billionaire donor is over. In a telephone interview with NBC News, Trump declined to say what those consequences would be, and went on to add that he had not had discussions about whether to investigate Musk. Asked if he thought his relationship with the Tesla and SpaceX CEO was over, Trump said, "I would assume so, yeah." "No," Trump told NBC when asked if he had any desire to repair his relationship with Musk. Reuters
