Latest news with #TowerDubai
Yahoo
16-05-2025
- Business
- Yahoo
Trump Whines About How He's 'Not Thrilled' With Gift From UAE
Donald Trump complained about a gift he received from the UAE by making a joke Friday morning during his visit to the country. Trump's hosts presented the president with a plaque containing a drop of the country's oil, and while accepting the present, Trump said, 'This is the highest quality oil on the planet and they only gave me a drop of it, so I'm not thrilled, but it's better than no drop, can you imagine?' The joke was met with laughter from onlookers and Trump's UAE hosts, but carries a more negative tone in the context of the president receiving a much bigger gift ahead of his Middle East tour: a luxury airplane from Qatar that is being described as a bribe. Trump has bristled from criticism over the jet, which he claims is free but will probably cost U.S. taxpayers millions of dollars to modify for presidential standards. The airplane gift was preceded by Trump's businesses cutting a deal to build a luxury golf resort in Qatar earlier this month. In the UAE, the Trump family has also cut a number of recent deals, with an Emirati-backed firm recently spending $2 billion on Trump's stablecoin to the unveiling of Trump International Hotel & Tower Dubai last week. And in Saudi, two Trump Towers are in the works. It seems the president should have little to complain about with all of the money he's making, not to mention the deals that he claims to be cutting in the Middle East for U.S. industries.
News.com.au
04-05-2025
- Business
- News.com.au
Donald Trump's newest tower boasts ‘world's highest pool'
In Trump world, everything is often the biggest and the best and the US President's latest real estate project is no different. Donald Trump is making his first foray into Middle East high-rise development with Trump Tower Dubai and like most things the 45th and 47th President does, it will shakes things up. The tower in the city known for its largesse will be 80 storeys and 335m high or more than 1000 feet tall on the old scale. In comparison, Australia's tallest building Q1 on the Gold Coast is 322.5m tall. Trump Tower Dubai is promising the epitome in luxury living, boasting deluxe hotel rooms and suites complete with flawless views out over the iconic Burj Khalifa, the world's tallest building at 821m, and Arabian Sea. But the headline grabbing, social media attention tweaking feature is the world's highest outdoor pool. According to renderings of the project, which is due to be completed in December 2031, the luxury pool will sit at the top of the grand tower and have 360 degree views. With ample pool space for swimming and covered poolside seating for taking it easy, the pool will surely feature on billions of social media feeds when it does open. 'Trump International Hotel & Tower, Dubai is a project that reflects our unwavering commitment to excellence, luxury and innovation,' Eric Trump, executive vice president of the Trump Organization, said. 'Dubai is a global destination that shares our vision for iconic development, and we're proud to expand the Trump brand in one of the most dynamic cities on earth.' It will be the region's only Trump-branded tower. Trump Tower Dubai will sit in the downtown precinct and will feature a hotel and apartments, the best of which will be two 'sky-pool penthouses' which have been modelled on New York City's Trump Tower penthouse. Prices for the tower have yet to be released but are expected to be as stratospheric as the project itself. An apartment in the nearby Burj Khalifa recently hit the market for a jawdropping $83m. At 460m above sea level, the unit is said to be the world's highest residential property on sale. It sits on the 107th and 108th stories of the Dubai skyscraper. That 'Sky Palace' apartment boasts access to 12 parking spaces, gated gardens, three gyms, multiple tennis courts and almost 2000 sqm of internal space.
Newsweek
02-05-2025
- Business
- Newsweek
Trump's Middle East Business Surge Prompts Conflict of Interest Attacks
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. A firm linked to the ruling family of the United Arab Emirates has selected USD1, the stablecoin launched by President Donald Trump's sons, to complete a $2 billion deal with the crypto exchange Binance, prompting attacks from critics who say it could represent a conflict of interest. Since President Trump returned to office, the businesses run by his family have seen rapidly deepening ties with the UAE, with a string of real estate and investment deals highlighting its growing importance. Countries in the region have also played an important role in Trump's diplomatic initiatives, with the UAE as a key ally. Newsweek has reached out to the White House, the State Department and to the foreign ministry of the UAE for comment. The White House has previously said that the businesses are run by Trump's children and there is no conflict of interest. Why It Matters The crypto announcement has prompted accusations from Trump's critics due to the involvement of the Trump family in a business venture that intersects with foreign governments. The deal, backed by the UAE's MGX and led by the country's national security adviser, Sheikh Tahnoon bin Zayed Al Nahyan, underscores the growing financial entanglements between Trump family businesses and the Gulf monarchy. U.S. Secretary of State Marco Rubio, left, poses for a photo with UAE National Security Advisor Sheikh Tahnoon bin Zayed Al Nahyan at ADNEC Centre Abu Dhabi in Abu Dhabi, United Arab Emirates, Wednesday, Feb.... U.S. Secretary of State Marco Rubio, left, poses for a photo with UAE National Security Advisor Sheikh Tahnoon bin Zayed Al Nahyan at ADNEC Centre Abu Dhabi in Abu Dhabi, United Arab Emirates, Wednesday, Feb. 19, 2025. More Evelyn Hockstein/AP Photo What to Know MGX, a tech investment firm backed by the UAE's Mubadala Investment and AI company G42, announced it will use USD1—a stablecoin launched by the Trump family—for a $2 billion investment in Binance. The deal was revealed at the Token2049 crypto conference in Dubai by Zach Witkoff, co-founder of World Liberty Financial and son of Trump's Middle East envoy, Steve Witkoff. World Liberty Financial is owned by a Trump family entity, with Eric Trump and Zach Witkoff taking prominent roles in its operations. Their involvement in such a high-stakes deal reflects the Trump family's increasing influence in the digital currency space and in Gulf business circles. Trump Tower Dubai and Other Ventures This latest crypto deal follows a series of Trump Organization ventures in the UAE. Most notably, the Trump Organization announced the development of Trump Tower Dubai, an 80-story luxury tower in collaboration with Dar Global. Set for completion in 2031, the tower will include a hotel, residences, and amenities including an outdoor swimming pool at its highest point. Coming Soon! Trump International Hotel & Tower, Dubai — Eric Trump (@EricTrump) April 30, 2025 Additionally, in March, the UAE pledged $1.4 trillion in investments over the next decade to the United States, with particular focus on artificial intelligence, energy, and semiconductor sectors. This agreement, forged in meetings between President Trump and UAE officials, further strengthens the economic bond between the two nations. Timing Raises Red Flags The UAE's significant investment in U.S. sectors like AI and energy has bolstered economic ties between the two nations but has also prompted questions from Trump's criticis about potential foreign influence on American business and politics. These growing financial connections come just ahead of Trump's May 13–16 visit to the Gulf. Critics, including Senator Chris Murphy, called the venture "corrupt" and "likely illegal" as Congress debates stablecoin legislation. Senator Elizabeth Warren added on X: "A shady fund, backed by a foreign government, just announced a $2bn deal using Trump stablecoins." Donald Trump's latest corruption? A $2 BILLION stablecoin deal with a foreign crypto company that will benefit the Trump family business. And it gets worse — the Senate is getting ready to bless this kind of grift. But it's not too late to make changes. Here's the latest: — Elizabeth Warren (@SenWarren) May 1, 2025 What People Are Saying Zach Witkoff, co-founder of World Liberty, said: "We are excited to announce today that USD1 has been selected as the official stablecoin to close MGX's $2bn investment in Binance." A White House spokesman stated on April 8: "President Trump's assets are in a trust managed by his children. There are no conflicts of interest." Senator Elizabeth Warren posted on X: "Donald Trump's latest corruption? A $2 BILLION stablecoin with a foreign crypto company that will benefit the Trump family business." What Happens Next President Trump's visit to the Gulf is expected to solidify the growing business partnerships with the UAE, further intertwining U.S. political power with Middle Eastern economic interests. This could further fuel the attacks from critics on the Trump family's involvement in international business.
The Irish Sun
30-04-2025
- Business
- The Irish Sun
Trump Tower Dubai unveiled with 80-storey skyscraper including world's highest pool in Don's first Middle East high-rise
TRUMP Tower Dubai has been unveiled as the US President is set to visit to the region in a few weeks time. The enormous 80-storey city skyscraper will be more than 1100ft tall, complete with the world's highest outdoor pool . 4 Trump Tower Dubai has been unveiled Credit: Darglobal 4 The tower will have the highest outdoor pool in the world Credit: Darglobal 4 The big reveal comes weeks before the US President's visit to the Middle East region Credit: Reuters 4 The impressive tower will be the Trump Organisation's first high-rise in Dubai - and the Middle East's only Don-branded tower. Trump Tower Dubai is in the city's luxurious Downtown district - offering stunning views of the iconic Burj Khalifa and Arabian Sea. And it's just as impressive inside, featuring lush hotel rooms and suites and the world's highest outdoor pool. The tower has two sky-pool penthouses which have been modelled on the iconic Trump Tower penthouse in New York. read more on dubai These coveted apartments will feature soaring floor-to-ceiling windows with incredible views of the city skyline. The building also boasts a private members-only club appropriately named The Trump. Donald Trump's son Eric said: "Trump International Hotel & Tower, Dubai is a project that reflects our unwavering commitment to excellence, luxury and innovation. "Dubai is a global destination that shares our vision for iconic development, and we're proud to expand the Trump brand in one of the most dynamic cities on earth.' Most read in The Sun This comes ahead of the US president's visit to Saudi Arabia, the UAE and Qatar. Dubai is full of luxury properties - with an apartment in the Burj Khalifa hitting the market for a whopping Incredible plan for 'giant greenhouse' with 330ft tower of pools & water slides The opulent home - dubbed the " Sky Palace" - occupies the 107th and 108th floors of the iconic Dubai skyscraper. With 21,000sq feet of space, the lucky owner of the Sky Palace apartment will have access to 12 parking spaces, gated gardens, three gyms, tennis courts and a private internal elevator. The apartment is 460m above the ground and is thought to be the world's highest residential property on sale. According to the listing, the home was originally reserved for a mystery high-profile celebrity living in It boasts views of the Arabian Gulf and the mountains of Ras Al Khaimah on a clear day to the north. Haddad told : 'To this day, this is the most beautiful building anywhere in the world. "Whoever buys this will have unobstructed views for life, and that's really what makes this unique." Trump Towers By Lydia Doye Trump Towers can be found on skylines across the world. Here's where you can see them all: New York New Jersey Stamford, Conneticut Sunny Isles & Hollywood, Florida Chicago, Illinois Las Vegas, Nevada Pune, India Mumbai, India Kolkata, India Delhi, India Makati, Philippines Seoul, South Korea Istanbul, Turkey Bali, Indonesia Punta Del Este, Uruguay
