logo
Trump Touts 1.4 Trillion Investment In AI

Trump Touts 1.4 Trillion Investment In AI

Gulf Insider16-05-2025

After the several massive announcements and deals to come out of Trump's visit to Saudi Arabia and Qatar, developments during the last leg of the US President's Gulf tour in United Arab Emirates actually seem a bit humdrum by comparison.
But the visuals and spare no expenses official welcome and ceremonial events have certainly been interesting…
⚡️Trump arrives in the UAE(Don't ask me what's happening)pic.twitter.com/dtUsPwF25W — War Monitor (@WarMonitors) May 15, 2025
Among the more notable statements has been Trump's touting a 1.4 trillion… yes that's trillion … investment in AI and other tech sectors from the Emirates.
The White House had previewed this longtime in the works deal as related to artificial intelligence infrastructure, semiconductors, energy and manufacturing.
Further, Emirates Global Aluminum will 'invest in the first new aluminium smelter in the United States in 35 years, which would nearly double US domestic aluminium production.'
According to more developments out of the UAE: The White House said that Trump and Qatar's Emir Sheikh Tamim bin Hamad Al Thani signed agreements that would 'generate an economic exchange worth at least $1.2 trillion'.
The agreements are said to include a $96bn deal with Qatar Airways to buy up to 210 Boeing 787 Dreamliner and 777X aeroplanes, and a statement of intent for $38bn in investments at Qatar's Al Udeid Airbase and other air defence capabilities.
A meeting is scheduled for later today of US, Turkish and Syrian officials to discuss details of Trump's announced dropping of sanctions against Syria.
Trump's three-country tour of the Gulf state region will conclude in the United Arab Emirates on Thursday.
Amid lots of awards ceremonies, accolades, and a state dinner…
The President of the United Arab Emirates just gave President Trump a special award.The respect they have for him is unmatched. pic.twitter.com/7r9aKfcKKX — George (@BehizyTweets) May 15, 2025
Trump has also been filling in more details of fresh arms deals inked with Qatar. 'Yesterday we signed an agreement for Qatar to purchase $42bn-worth of the finest American military hardware including THAAD missile batteries,' he said Thursday while speaking to US troops at Al Udeid airbase.
The commander-in-chief further detailed that the deal includes 'Pegasus refueling aircraft, Desert Vipers, light armored vehicles, amphibious combat vehicles, the MQ-9B and the Sky Guardian drones.'
A rare trip to the country's Grand Mosque…
By the way, this is the first time the UAE's Grand Mosque has been closed to the public. They did it to show respect for President Trump.pic.twitter.com/gdxNdMOU49 — George (@BehizyTweets) May 15, 2025
As for Qatar, the president says he's still ready to accept a donated jet from the tiny oil and gas rich country, a flying palace of a future Air Force One, which Dems have been warning would be a violation of the US Constitution's prohibition on foreign gifts. Certainly he'll come back to Washington awaiting immense controversy and backlash from the corporate media and his political enemies.
Also read: With Trump Touring Gulf, Iran Offers Huge Nuclear Concession

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Is Gold Peaking, Or Just Warming Up?
Is Gold Peaking, Or Just Warming Up?

Gulf Insider

time4 hours ago

  • Gulf Insider

Is Gold Peaking, Or Just Warming Up?

Are we approaching a peak in the price of gold? According to several mainstream economists, we are indeed. But, they're DEAD wrong and today I'll show you why. See, their argument relies on the inflation-adjusted price of gold. In January of 1980, the price of gold reached a local peak near $850 per ounce. According to official U.S. inflation statistics, $850 in January of 1980 would be equivalent to $3,504 today. In the 45 years since then, gold has increased in value by nearly 300% to $3,346. That's getting close to the 'official' inflation-adjusted 1980 price of $3,504. So are we nearing an inflation-adjusted 'peak gold' price? Nope. In today's letter, we'll debunk this common claim. But first, let's set a foundation for our argument. Since 1980 America's monetary base has increased from $156 billion to more than $5.7 trillion. That's a 3,533% increase. Additionally, in 1980 the U.S. government had about $845 billion in debt. Today it's over $36 trillion, a whopping 4,160% higher. Furthermore, in 1980 America's debt-to-GDP ratio was around 35%. Today it's 124%. So no, we aren't approaching a peak in the price of gold. Not even close. Anyone who has studied the way official inflation is calculated knows it's suspicious ( at best ). As an example, the average car in America in 1980 cost about $7,200. In 2023 that number increased to $48,000, an increase of 566%. But according to the Bureau of Labor Statistics, the official source of inflation data in the U.S., the price of a car has only increased about 100% since 1980. Hmmm, the price has increased 566% but the BLS says it has only doubled. What explains the difference? Welcome to the wonderful world of 'hedonic adjustments'. Because car technology has improved over time, the BLS says we aren't actually paying 566% more for our cars. It's a better product, so they say we are effectively only paying 100% more. Despite the fact that the price of an average car has increased 566%, because it's a better product (on paper), the BLS cooks the books and pretends things are cheaper than they actually are. This is the twisted world of inflation statistics. Governments always attempt to downplay inflation. To acknowledge reality would be admitting wrongdoing, and most governments will have no part of that. Based on this, we can safely say that the official inflation-adjusted 1980 high in gold of $3,504 is also bogus. As we discussed in Silver's 3x Upside, the true inflation-adjusted high of gold may be $13,000 or more. When gold haters try to call a top, they often act as if our country's financial situation has stabilized. Sure, we had a little bout of inflation, but it's all over now and everything's fine . Wrong. America's debt and deficits are soaring higher. This is despite a booming stock market and relatively low unemployment. When the next recession hits, deficits could easily double. And disturbingly, the American consumer is close to being tapped out. When the multi-decade spending spree ends, the economy will collapse like a house of cards. Money will be printed at unprecedented levels and stimulus checks will flow like a whitewater rapid. Over the medium term, we might even see Universal Basic Income (UBI) rolled out in America. AI is set to disrupt the white collar workforce, and there's a good chance that eventually some sort of UBI is attempted. Of course, this would only worsen the situation. More money printing, less economic incentives. But that doesn't mean politicians won't try it. Over the longer run, AI is going to do wonders for world productivity. And the market will find new ways to keep the workforce busy. But first we have to experience the disruption period, which is going to add additional chaos to an already volatile era. So no, now is not a time to take profits in gold and silver. It's time to load up on the dips, if you're able. This trend is just picking up speed. Also read: Dubai Gold Price Lowest in 30 Days – Is That Enough for Shoppers?

Trump Administration Launches Website For 'Gold Card'
Trump Administration Launches Website For 'Gold Card'

Gulf Insider

time5 hours ago

  • Gulf Insider

Trump Administration Launches Website For 'Gold Card'

The Trump administration has launched a new website for people interested in so-called gold card visas, which the president has said would grant citizenship in exchange for millions of dollars. The website, says that 'the Trump card is coming' and encourages people to enter their information to be notified when applications open. A picture of the card shows the president's face and a figure of $5 million. People can enter their name, area of residence, and email. 'Thousands have been calling and asking how they can sign up to ride a beautiful road in gaining access to the Greatest Country and Market anywhere in the World,' President Donald Trump wrote on Truth Social, his social media network, on June 11. Trump said in February that his administration was going to start selling the 'gold card' visas so that wealthy people could legally enter the United States. 'They'll be wealthy, and they'll be successful, and they'll be spending a lot of money and paying a lot of taxes and employing a lot of people, and we think it's going to be extremely successful, and never been done before anything like this,' he said at the time. The visas are an updated version of the EB-5 investor visas, according to Commerce Secretary Howard Lutnick. Under the EB-5 program, investors can apply for a green card if they invest in a commercial enterprise in the United States. Investors must invest an amount that creates at least 10 full-time positions and invest at least $1 million, or at least $800,000 in targeted employment areas. The minimum required investment amount depends on the type of project. The annual limit of EB-5 visas is 7.1 percent of the worldwide employment limit. The gold card program does not fit within the Immigration and Nationality Act, the primary U.S. immigration law, the Center for Immigration Studies, a nonprofit that studies immigration laws, said earlier this year. 'The EB-5 program is one of the specified immigrant [visa] categories – the gold card program is not. An alien could not lawfully be admitted as an immigrant on the basis of having received a gold card,' George Fishman, a senior legal fellow with the center, wrote in a blog post. 'Further, an alien could not become a naturalized citizen on the basis of having received a gold card, as a gold card would not provide lawful permanent residence.' He said it is unlikely the program would survive scrutiny by the Supreme Court if it were challenged with a lawsuit, although justices could ultimately rule in favor of the president. Also read: Oil Rises As Trump Says He's 'Less Confident' About Nuclear Talks With Iran

Tehran Hit by Major Israeli Strike; IRGC Chief Killed
Tehran Hit by Major Israeli Strike; IRGC Chief Killed

Gulf Insider

time5 hours ago

  • Gulf Insider

Tehran Hit by Major Israeli Strike; IRGC Chief Killed

It appears there were at least two waves of Israeli attacks, with smoke still seen over Iranian military sites and areas of Tehran in the daylight morning hours. ISRAEL PREPARING FOR IRANIAN RESPONSE IN COMING HOURS: KAN NEWS IRAN STATE MEDIA: MULTIPLE MILITARY SITES IN TEHRAN TARGETED IRAN NATANZ NUCLEAR SITE TARGETED: STATE MEDIA IRAN ARAK HEAVY WATER REACTOR FACILITY TARGETED: STATE MEDIA ISRAEL LAUNCHED ANOTHER WAVE OF ATTACKS IN IRAN: ARMY RADIO Natanz after new explosions: IRGC sites attacked: Smoke rising above the IRGC Headquarters in Tehran — Michael A. Horowitz (@michaelh992) June 13, 2025 Destruction in Tehran: ⚡️Tehran destruction — War Monitor (@WarMonitors) June 13, 2025 ⚡️ Reports also of attacks in western Iran — War Monitor (@WarMonitors) June 13, 2025 A breaking note via UBS: White House envoy Steve Witkoff reportedly warned top Senate Republicans last week that Iran could launch a large-scale missile and drone retaliation if Israel attacked its nuclear sites, saying that this could overwhelm Israeli defenses and cause heavy damage, according to various media (here and here). Israel has since attacked a key nuclear site in Natanz and Iran has vowed to respond with force. Both Brent and WTI crude prices are up more than 12%. Also here: US On High Alert In Anticipation Of Potential Israeli Strike On Iran, WaPo Reports

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store