Latest news with #QatariAirways
Yahoo
16-05-2025
- Business
- Yahoo
Trump touts investments as he departs Middle East
President Trump departed the United Arab Emirates on Friday to head back to Washington, touting major investment agreements from his trip to the Middle East and telling reporters he planned to see his new grandchild upon his return. 'I have a nice grandchild waiting, which I'll see soon, but this was a fantastic moment for our country. I really believe that,' Trump told reporters moments before leaving on Air Force One. His daughter Tiffany Trump had a baby Thursday. 'Everyone's talking about it, and the respect shown to our country was incredible,' he added. Financial investments and business deals were front and center during Trump's trip. The White House touted a $600 billion agreement with Saudi Arabia, though the specifics amounted to less than that number. The administration also cited an economic deal with Qatar that was expected to be worth more than $243 billion. The deal with Qatar included an agreement for Qatari Airways to purchase 160 jets from Boeing. Trump also signed a deal with the United Arab Emirates worth more than $200 billion, and the two sides agreed to strengthen their cooperation on artificial intelligence. On Friday, a UAE official announced plans to build an aluminum factory in the U.S. 'I will say I did that, and everyone will say, 'Meh.' But somebody's going to be cutting a ribbon and say — well, we're going to be finished long before that,' Trump told reporters. 'But somebody's going to be taking the credit for this. You remember, press, this guy did it.' White House officials had sought to capitalize on the trip to the Middle East by announcing business deals and financial commitments to burnish the president's efforts to boost the U.S. economy, particularly as his tariff policies had caused uncertainty. The trip was overshadowed at times by the donation of a Qatari luxury jet to be used as a new Air Force One. Democrats and Republicans raised ethics and security concerns about the gift, but Trump has repeatedly brushed them aside and argued it would be foolish not to accept the plane. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Hill
16-05-2025
- Business
- The Hill
Trump touts investments as he departs Middle East
President Trump departed the United Arab Emirates on Friday to head back to Washington, touting major investment agreements from his trip to the Middle East and telling reporters he planned to see his new grandchild upon his return. 'I have a nice grandchild waiting, which I'll see soon, but this was a fantastic moment for our country. I really believe that,' Trump told reporters moments before leaving on Air Force One. His daughter, Tiffany, had a baby on Thursday. 'Everyone's talking about it, and the respect shown to our country was incredible,' headed Financial investments and business deals were front and center during Trump's trip. The White House touted a $600 billion agreement with Saudi Arabia, though the specifics amounted to less than that number. The administration also cited an economic deal with Qatar that was expected to be worth more than $243 billion. The deal with Qatar included an agreement for Qatari Airways to purchase 160 jets from Boeing. Trump also signed a deal with the United Arab Emirates worth more than $200 billion, and the two sides agreed to strengthen their cooperation on artificial intelligence. On Friday, a UAE official announced plans to build an aluminum factory in the U.S. 'I will say I did that, and everyone will say, 'Meh.' But somebody's going to be cutting a ribbon and say — well, we're going to be finished long before that,' Trump told reporters. 'But somebody's going to be taking the credit for this. You remember, press, this guy did it.' White House officials had sought to capitalize on the trip to the Middle East by announcing business deals and financial commitments to burnish the president's efforts to boost the U.S. economy, particularly as his tariff policies had caused uncertainty. The trip was overshadowed at times by the donation of a Qatari luxury jet to be used as a new Air Force One. Democrats and Republicans raised ethics and security concerns about the gift, but Trump has repeatedly brushed them aside and argued it would be foolish not to accept the plane.
Forbes
14-05-2025
- Business
- Forbes
Here Are The Biggest Corporate Winners From Trump's Visit To The Middle East
Boeing's stock reached its highest point in the past year Wednesday after Qatari Airways announced a deal to buy 210 jets from the American aircraft company, the latest in a string of massive deals American companies have struck in the Middle East this week amid President Donald Trump's four-day visit to the region. Boeing is one of several American companies making deals in the Middle East this week. (Photo by: ... More Images Group via Getty Images) Boeing shares were up nearly 1% as of 2:30 p.m. EDT, reaching their highest point since last February. Shares of the aircraft manufacturer are up 19.3% since the start of 2024, when Boeing's stock traded at $171.87. Nvidia, which struck a deal to sell 18,000 AI chips to the new Saudi-backed AI company Humain, is up around 3.5% on Wednesday at $134.76, reaching its highest point since February. Palantir, which is one of several American firms that attended the U.S.-Saudi Investment Forum this week, reached an all-time high of $129.91 as of 2:30 p.m. EDT. Elon Musk attended the investment forum and has benefited with a 4% surge in Tesla stock Wednesday, though the electric vehicle maker's stock is down 8% since the start of the year. This is a developing story. Check back for updates.
Forbes
14-05-2025
- Business
- Forbes
Boeing Stock Hits One-Year High On Qatar Airways Deal
Boeing's stock reached its highest point in the past year Wednesday after Qatari Airways announced a deal to buy 160 jets from the American aircraft company, marking one of multiple deals American companies have struck in the Middle East this week amid President Donald Trump's four-day visit to the region. Boeing shares were up around 1% as of 1:30 p.m. EDT, reaching their highest point since last February. Shares of the aircraft manufacturer are up 19.4% since the start of 2024, when Boeing's stock traded at $171.87. This is a developing story. Check back for updates.
