Latest news with #GulfDeals
Al Jazeera
3 days ago
- Business
- Al Jazeera
Trump's Gulf deals and political promises
Money Works Trump's Gulf deals and political promises During Trump's tour of Gulf states in May, the US president was eager to talk about the deals he'd made and the investments he'd secured, but do the numbers add up and how many of the agreements touted were actually a result of his visit?
Yahoo
18-05-2025
- Business
- Yahoo
Trump news at a glance: Gulf deals in the spotlight as experts warn receipt of overseas gifts ‘unprecedented'
With Donald Trump's headline-making tour of the Gulf region now over, focus has now fallen on the deals made during the trip – for US companies, and for the president himself. Former White House lawyers, diplomatic protocol officers and foreign affairs experts have told the Guardian Donald Trump's receipt of overseas gifts and targeted investments are 'unprecedented' as the White House remakes US foreign policy under a pay-for-access code that eclipses past administrations. Meanwhile, the agreement struck by major US companies saw prominent executives negotiate their deals face-to-face with Gulf country leaders. Many of those agreements broke with the policies of Joe Biden's administration, which imposed strict controls on the sales of the US's most cutting-edge technology. The openness to foreign largesse was on full display this week as the US president was feted in the Gulf states during his first major diplomatic trip abroad this term, inking deals he claimed are worth trillions of dollars for the US economy. But quite often, the bottom line also has benefited Trump personally. His family's wealth has ballooned by more than $3bn, according to press estimates, and the reported benefits from cryptocurrencies and other investment deals such as plans for new Trump-branded properties may be far larger. Deals for billions more have been inked by business associates close to Trump, meaning that their political support for the White House can translate into lucrative contracts abroad. Some argue the message being sent by the White House is that American foreign policy is being sold to the highest bidder. Read the full story Styling himself the broker-in-chief, Trump brought along an entourage of dozens of CEOs to the Middle East, including Nvidia's Jensen Huang, OpenAI's Sam Altman, Tesla's Elon Musk, Amazon's Andy Jassy, Palantir's Alex Karp and two dozen others. The deals stand to enrich the tech CEOs substantially by opening up new audiences for their products. These are the same men at the helm of AI development, and Trump's use of them as surrogates seems likely to propagate the American model of technological power in new places. Read the full story Donald Trump said that he will speak to both Vladimir Putin and Volodymyr Zelenskyy in an effort to stop what he called the 'bloodbath' war in Ukraine. Kremlin spokesperson Dmitry Peskov confirmed to a state-run Russian news agency that preparations were under way for a call. Trump's call with Putin will be followed by a separate conversation with Zelenskyy, Ukraine's president, and Nato leaders as part of the US effort to end the war that has raged since the full-scale Russian invasion in 2022. Read the full story Congressional Republicans are proposing an array of new fees on immigrants seeking to remain in the United States in a move advocates warn will create insurmountable financial barriers. Legislation moving through the GOP-controlled House of Representatives could require immigrants to pay potentially hundreds or thousands of dollars to seek asylum, care for a minor in the government's custody, or apply for humanitarian parole. Republican lawmakers have described the fees as necessary to offset the costs of Donald Trump's immigration crackdown. Read the full story As part of the latest Republican push in red states to promote ideologies sympathetic to Donald Trump, Oklahoma's new social studies curriculum will ask high school students to identify 'discrepancies' in the 2020 election results. US judges who have rebuked the Trump administration's harsh deportation agenda are facing verbal assaults from the president and his allies which seem to be spurring other dangerous threats against judges, legal experts and former judges say. Pedro Pascal has sharply criticised Donald Trump's attacks against artists. He urged creatives to 'keep telling the stories, keep expressing yourself and keep fighting for it'. Catching up? Here's what happened 16 May 2025.
The Guardian
18-05-2025
- Business
- The Guardian
Trump news at a glance: Gulf deals in the spotlight as experts warn receipt of overseas gifts ‘unprecedented'
With Donald Trump's headline-making tour of the Gulf region now over, focus has now fallen on the deals made during the trip – for US companies, and for the president himself. Former White House lawyers, diplomatic protocol officers and foreign affairs experts have told the Guardian Donald Trump's receipt of overseas gifts and targeted investments are 'unprecedented' as the White House remakes US foreign policy under a pay-for-access code that eclipses past administrations. Meanwhile, the agreement struck by major US companies saw prominent executives negotiate their deals face-to-face with Gulf country leaders. Many of those agreements broke with the policies of Joe Biden's administration, which imposed strict controls on the sales of the US's most cutting-edge technology. The openness to foreign largesse was on full display this week as the US president was feted in the Gulf states during his first major diplomatic trip abroad this term, inking deals he claimed are worth trillions of dollars for the US economy. But quite often, the bottom line also has benefited Trump personally. His family's wealth has ballooned by more than $3bn, according to press estimates, and the reported benefits from cryptocurrencies and other investment deals such as plans for new Trump-branded properties may be far larger. Deals for billions more have been inked by business associates close to Trump, meaning that their political support for the White House can translate into lucrative contracts abroad. Some argue the message being sent by the White House is that American foreign policy is being sold to the highest bidder. Read the full story Styling himself the broker-in-chief, Trump brought along an entourage of dozens of CEOs to the Middle East, including Nvidia's Jensen Huang, OpenAI's Sam Altman, Tesla's Elon Musk, Amazon's Andy Jassy, Palantir's Alex Karp and two dozen others. The deals stand to enrich the tech CEOs substantially by opening up new audiences for their products. These are the same men at the helm of AI development, and Trump's use of them as surrogates seems likely to propagate the American model of technological power in new places. Read the full story Donald Trump said that he will speak to both Vladimir Putin and Volodymyr Zelenskyy in an effort to stop what he called the 'bloodbath' war in Ukraine. Kremlin spokesperson Dmitry Peskov confirmed to a state-run Russian news agency that preparations were under way for a call. Trump's call with Putin will be followed by a separate conversation with Zelenskyy, Ukraine's president, and Nato leaders as part of the US effort to end the war that has raged since the full-scale Russian invasion in 2022. Read the full story Congressional Republicans are proposing an array of new fees on immigrants seeking to remain in the United States in a move advocates warn will create insurmountable financial barriers. Legislation moving through the GOP-controlled House of Representatives could require immigrants to pay potentially hundreds or thousands of dollars to seek asylum, care for a minor in the government's custody, or apply for humanitarian parole. Republican lawmakers have described the fees as necessary to offset the costs of Donald Trump's immigration crackdown. Read the full story As part of the latest Republican push in red states to promote ideologies sympathetic to Donald Trump, Oklahoma's new social studies curriculum will ask high school students to identify 'discrepancies' in the 2020 election results. US judges who have rebuked the Trump administration's harsh deportation agenda are facing verbal assaults from the president and his allies which seem to be spurring other dangerous threats against judges, legal experts and former judges say. Pedro Pascal has sharply criticised Donald Trump's attacks against artists. He urged creatives to 'keep telling the stories, keep expressing yourself and keep fighting for it'. Catching up? Here's what happened 16 May 2025.
