
Trump's Visit Is Set to Boost Middle East's AI Ambitions, Deals
Welcome to the Mideast Money newsletter, I'm Adveith Nair. Join us each week as my team and I chronicle the intersection of money and power in a region that's become one of the most influential in global finance. You can sign up here.
This week: Middle East IPOs attract strong investor demand, Mubadala builds a $20 billion private credit portfolio, and Saudi Arabia's debt sees a record surge. But first, a look at what's at stake as the US president visits the region.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Associated Press
17 minutes ago
- Associated Press
Ameen Khalifa survived gunfire on a first trip to get food at Gaza's new aid hub, but not the second
Shootings have erupted multiple times in the last week in the vicinity of new aid hubs where desperate Palestinians are being directed to collect food, including on June 1 and June 3. Witnesses have told the Associated Press that it is nearby Israeli troops that have opened fire, and more than 80 people have been killed according to Gaza hospital officials. Israel has said soldiers fired warning shots or, in some cases, have shot towards 'suspects' approaching the troops in the areas nearby the aid centers. (AP video by Mohammad Jahjouh, Mariam Dagga and Wafaa Shurafa)


Washington Post
20 minutes ago
- Washington Post
Trump's new travel ban set to take effect amid escalating tension over immigration enforcement
WASHINGTON — President Donald Trump's new ban on travel to the U.S. by citizens from 12 mainly African and Middle Eastern countries is set to take effect Monday amid escalating tension over the president's unprecedented campaign of immigration enforcement. The new proclamation, which Trump signed on Wednesday , applies to citizens of Afghanistan, Myanmar, Chad, the Republic of Congo, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan and Yemen. It also imposes heightened restrictions on people from Burundi, Cuba, Laos, Sierra Leone, Togo, Turkmenistan and Venezuela who are outside the U.S. and don't hold a valid visa. The new ban does not revoke visas previously issued to people from countries on the list, according to guidance issued Friday to all U.S. diplomatic missions. However, unless an applicant meets narrow criteria for an exemption to the ban , his or her application will be rejected starting Monday. Travelers with previously issued visas should still be able to enter the U.S. even after the ban takes effect. Haitian-American Elvanise Louis-Juste, who was at the airport Sunday in Newark, New Jersey, awaiting a flight to her home state of Florida, said many Haitians wanting to come to the U.S. are simply seeking to escape violence and unrest in their country. 'I have family in Haiti, so it's pretty upsetting to see and hear,' Louis-Juste, 23, said of the travel ban. 'I don't think it's a good thing. I think it's very upsetting.' Many immigration experts say the new ban is designed to beat any court challenge by focusing on the visa application process and appears more carefully crafted than a hastily written executive order during Trump's first term that denied entry to citizens of mainly Muslim countries. In a video posted Wednesday on social media, Trump said nationals of countries included in the ban pose 'terrorism-related' and 'public-safety' risks, as well as risks of overstaying their visas. He also said some of these countries had 'deficient' screening and vetting or have historically refused to take back their citizens. His findings rely extensively on an annual Homeland Security report about tourists, businesspeople and students who overstay U.S. visas and arrive by air or sea, singling out countries with high percentages of nationals who remain after their visas expired. Trump also tied the new ban to a terrorist attack in Boulder, Colorado , saying it underscored the dangers posed by some visitors who overstay visas . The man charged in the attack is from Egypt, a country that is not on Trump's restricted list. U.S. officials say he overstayed a tourist visa . The ban was quickly denounced by groups that provide aid and resettlement help to refugees. 'This policy is not about national security — it is about sowing division and vilifying communities that are seeking safety and opportunity in the United States,' said Abby Maxman, president of Oxfam America, a nonprofit international relief organization. Venezuela President Nicolás Maduro's government condemned the travel ban, characterizing it in a statement as a 'stigmatization and criminalization campaign' against Venezuelans.


Bloomberg
an hour ago
- Bloomberg
‘Most Unloved Bonds' Turn Routine US Auction Into Crucial Test
Global investor pushback against long-term government debt is turning what normally would be a routine US bond auction into one of the most anticipated events on Wall Street this week. The Treasury is set to sell $22 billion of 30-year government bonds on Thursday, part of its regularly scheduled borrowings. The results, though, will receive special attention because they will offer an instant readout on the scope of market demand at a time when investor appetite for 30-year US debt has soured.