US, Qatar deals to generate $1.2 trillion in economic exchange
Agreements signed by US President Donald Trump and Qatar's Emir Sheikh Tamim bin Hamad Al-Thani on Wednesday will "generate an economic exchange worth at least $1.2 trillion," the White House said in a fact sheet summarizing some of the deals' details.
The agreements include a $96 billion deal with Qatar Airways to buy up to 210 Boeing 787 Dreamliner and 777X airplanes with GE Aerospace engines, the fact sheet said.
They also include a statement of intent that could lead to $38 billion in investments at Qatar's Al Udeid Air Base and other air defence and maritime security capabilities, it added.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Khaleej Times
33 minutes ago
- Khaleej Times
Sheikh Mohamed bids Donald Trump farewell as US President leaves UAE
برج Ø®Ù�Ù�Ù�Ø© Ù�ØØ°Ù�Ù� بزÙ�ارة اÙ�رئÙ�س اÙ�Ø£Ù�رÙ�Ù�Ù� دÙ�Ù�اÙ�د ذراÙ�ب Ø¥Ù�Ù� دÙ�Ù�Ø© اÙ�Ø¥Ù�اراذ اÙ�عربÙ�Ø© اÙ�Ù�Ø°Øدة. Burj Khalifa is illuminated in the colors of the American flag to mark the visit of U.S. President @realDonaldTrump to the United Arab Emirates. #UAE_welcomes_US_President â�¦
Khaleej Times
33 minutes ago
- Khaleej Times
Look: Trump pays tribute to Sheikh Zayed, visits 3 historic Abu Dhabi landmarks
US President Donald Trump's visit to the UAE on May 15 and 16 highlighted the strengthening of UAE-US relations and showcased the Emirates' cultural, religious, and diplomatic landmarks. Here, we trace back the strategic stops he made at two significant landmarks across Abu Dhabi. Sheikh Zayed Grand Mosque: Historic visit In an unprecedented moment for his presidency, Donald Trump toured the Sheikh Zayed Grand Mosque in Abu Dhabi on Thursday, marking a significant diplomatic gesture during his UAE state visit. The mosque, a stunning architectural masterpiece and symbol of Islamic heritage, was exclusively closed for the presidential delegation — a first in its history. Stay up to date with the latest news. Follow KT on WhatsApp Channels. Accompanied by Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Trump paid solemn tribute at the mausoleum of Sheikh Zayed bin Sultan Al Nahyan, the UAE's revered founding father. During the tour, the US President explored the mosque's magnificent halls and courtyards, receiving insights into its role fostering intercultural dialogue and understanding among diverse faiths. The Sheikh Zayed Grand Mosque stands as more than a place of worship; it embodies the UAE's commitment to tolerance, peace, and cultural coexistence. With its breathtaking white domes, intricate designs, and engineering elements showcasing traditional Arab and Islamic culture, the mosque represents the nation's dedication to preserving Islamic heritage while embracing modernisation. Qasr Al Watan: Presidential welcome President Donald Trump was welcomed at Qasr Al Watan, Abu Dhabi's majestic 'Palace of the Nation,' during his historic state visit to the UAE. The opulent presidential palace, a symbol of the UAE's rich heritage and visionary leadership, hosted an elaborate ceremony featuring a 21-gun salute, ceremonial honour guards on horseback, and traditional Emirati folk performances. Children waving American and Emirati flags lined the ceremonial route as Sheikh Mohamed bin Zayed Al Nahyan personally escorted the American president. 'Guided by the stars' exhibition Trump toured the 'Guided by the stars' exhibition, highlighting the UAE's space exploration journey and the vision of the nation's founding father, Sheikh Zayed. Beyond its role as a working presidential palace, Qasr Al Watan stands as a cultural landmark inviting the world to share in the UAE's journey, reflecting the nation's commitment to governance, knowledge, and craftsmanship while offering visitors a glimpse into the region's rich heritage and bright future. President Donald Trump concluded his historic UAE tour with a symbolic visit to the Abrahamic Family House in Abu Dhabi, a groundbreaking interfaith complex that embodies the spirit of religious tolerance and coexistence. The landmark, which houses the Eminence Ahmed El-Tayeb Mosque, St. Francis Church, and Moses Ben Maimon Synagogue under one campus, represents a physical manifestation of the Abraham Accords peace agreements that Trump's administration brokered in 2020. During his visit, the president explored the three houses of worship and the Forum, a shared space designed for dialogue, learning, and connection between diverse faith communities. The Abrahamic Family House serves as both a place for worship and a center for education, offering programs developed with scholars and interfaith leaders from around the world. As a powerful symbol of the UAE's commitment to religious freedom and mutual understanding, the complex welcomes visitors to connect, explore, and reflect on humanity's common values while celebrating the unique traditions of Judaism, Christianity, and Islam.
Khaleej Times
33 minutes ago
- Khaleej Times
Students 'great ideas' to boost UAE-US ties, says top official
Students in the UAE — the next generation of innovators and entrepreneurs — are set to play a pivotal role in strengthening the strategic partnership between UAE and the United States, said Martina Strong, US Ambassador to the UAE, during a recent event in Dubai. Her remarks pointed at the importance of youth engagement and cross-border innovation as critical elements in advancing UAE-US bilateral cooperation across future-focused sectors. Speaking at a ceremony that honoured students for their entrepreneurial achievements, Strong highlighted the enduring and evolving partnership between the two nations. 'We are at the core very entrepreneurial, very pioneering as nations, as people, as companies, as private sectors and I think that aligns us so well as partners in so many different fields,' she said. According to Wam, the UAE is already home to more than 1,800 American companies, and this number is expected to grow due to the positive impact of the visit. The Injaz event, which celebrated youth-led innovation, came just weeks after US President Donald Trump concluded his historic visit to the UAE, the final leg of his Gulf tour following stops in Saudi Arabia and Qatar. Speaking at the event, Strong said: 'As many of you know, we had a big visit just a couple of weeks ago here. President Trump came to Abu Dhabi. It was a historic visit…an amazing visit. I hope that those of you who watched it on TV got a sense of the excitement and energy that this visit generated, but it was also very substantive.' Trump arrived in Abu Dhabi on May 15 and was officially welcomed by UAE President Sheikh Mohamed bin Zayed Al Nahyan. The ceremony also included members of the community, such as outstanding students from space camps, astronauts, and space mission engineers. During his meeting with Sheikh Mohamed, Trump underscored the strong and enduring partnership between the US and the UAE. The visiting President later toured the Sheikh Zayed Grand Mosque with Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan. Notably, the visit marked the first by a US president to the UAE since 2008. Students to propel partnership Strong noted that the discussions between the two leaders focused on long-term mutual gains. 'It should not surprise you that the two presidents, US President Trump and UAE President Sheikh Mohamed, focused on our shared prosperity as kind of a key pillar of our bilateral partnership going forward,' she said. UAE announced a $1.4 trillion investment in artificial intelligence in the US and expressed the country's desire to collaborate with the US in promoting global peace and stability. 'They talked about all of the major fields in which we are working together, from artificial intelligence and frontier technology to energy, space exploration, health, life sciences. It's a very, long list,' Strong added. 'But suffice it to say that the two presidents charted a very ambitious path forward … and as I thought about who is going to get all this work done, I think I know it's going to be all of you (students) and your great work, your great ideas, innovation, creativity that will propel our partnership forward in the years ahead.' Reaffirming the US mission's commitment to supporting youth innovation, Strong added, 'The US mission is truly proud to support entrepreneurship among our young generations because it advances our shared objective, and that objective is prosperity for today and for years and decades to come. This is generated through economic growth, through innovation, cooperation and partnerships and really taking advantage of the opportunities.'
