Latest news with #UAEInvestment
Khaleej Times
02-06-2025
- Business
- Khaleej Times
UAE confirms will invest $1.4 trillion in US over 10 years during Trump visit
The UAE has announced it will invest 1.4 trillion in US over 10 years. Trump arrived in the UAE today as part of his three-country tour of the Gulf. He is the second US President to head to the Emirates. Abu Dhabi
Al Jazeera
15-05-2025
- Business
- Al Jazeera
Trump honoured by UAE as country announces $1.4 trillion investment
NewsFeed Trump honoured by UAE as country announces $1.4 trillion investment The president of the United Arab Emirates announced plans to invest $1.4 trillion in the US over the next ten years during a visit by President Trump, who was given the UAE's Order of Zayed.
Fox News
15-05-2025
- Business
- Fox News
Trump makes historic UAE visit as first US president in nearly 20 years
President Donald Trump on Thursday arrived in the United Arab Emirates for his final stop in the Middle East this week in a visit that marked the first time a U.S. president has traveled to the nation in nearly 20 years, following President George W. Bush's trip in 2008. Trump, who has secured major business deals first in Saudi Arabia and then Qatar, is expected to announce more agreements with what has long been one of the U.S.' chief trading partners in the region — though given recently announced trillion-dollar deals, it is unclear what more the Emiratis will agree to. In March, the UAE pledged a $1.4 trillion investment in the U.S. economy over the next decade through AI infrastructure, semiconductor, energy and American manufacturing initiatives, including a plan to nearly double U.S. aluminum production by investing in a new smelter for the first time in 35 years. On the eve of the president's visit to the Middle Eastern nation, the State Department also announced a $1.4 billion sale of CH-47 F Chinook helicopters and F-16 fighter jet parts to Abu Dhabi. However, lawmakers on Wednesday suggested they may block this sale amid concerns over direct personal business ties, as Trump's crypto venture has also received a $2 billion investment by a UAE-backed investment firm. "If I was a betting person, I'd bet that the Emiratis almost certainly kept some things in reserve for President Trump's actual visit that can be announced when he's on the ground in Abu Dhabi," John Hannah, former national security advisor to Dick Cheney and current Randi & Charles Wax senior fellow at the Jewish Institute for National Security of America (JINSA), told Fox News Digital. "I wouldn't be at all surprised if we see some new items unveiled or some additional details put out on some of the earlier announcements." "The UAE has clearly staked its future on being the Middle East leader in a wide range of 21st-century technologies, from AI to chips to space," he added. "And of course, the shopping list for high-end weapons is almost limitless and always a possible deliverable for a trip like this." Increased scrutiny arose around Trump's Middle East tour as engagement with all three nations holds personal value to him, given the Trump Organization's luxury resorts, hotels, golf courses, real estate projects and crypto investment schemes in the region. But all three nations also hold significant value to Washington, as they have become key players in some of the toughest geopolitical issues facing the U.S. and its allies. Saudi Arabia and Qatar have been integral in facilitating U.S. negotiations when it comes to ending Russia's war in Ukraine and hostage negotiations in the Gaza Strip. While neither of these issues appeared to be top points of discussion in Trump's visit to Saudi Arabia or Qatar, he may hit on geopolitical ties more heavily when it comes to the UAE, particularly given that Abu Dhabi is one of the few Middle Eastern nations that holds normalized diplomatic ties with Israel. The UAE has ardently opposed Israel's military operations in the Gaza Strip, has called for a two-state solution, and has rejected Trump's "riviera plans," instead favoring an Egypt-reconstruction alternative. But Abu Dhabi has also maintained relations with the U.S.' biggest adversaries, including China, Russia and Iran, which could be a topic of conversation during Trump's one-day visit. "As everywhere on this trip, the headlines will likely be dominated by the dollar signs and deal-making," Hannah said. "But I'm personally most interested in the geopolitical angle of trying to reset the U.S.-Emirati strategic partnership, especially in the context of America's great power competition with China and to a lesser extent Russia, and regionally with Iran." Hannah explained that Trump's visit to the UAE exemplifies a recommitment by the U.S. economically and militarily to support Abu Dhabi's "stability, security, and success in a dangerous neighborhood" and could "pay real dividends going forward." "The UAE's top leadership has come to believe that putting most of its eggs into the American basket was an increasingly risky bet as one president after another decided that the Middle East was a lost cause — nothing but 'blood and sand' as President Trump famously said in his first term — and the country needed to pivot its focus toward Asia," he continued. "With a country as influential and resource-rich as the UAE, correcting that unhelpful perception and putting the strategic relationship back on a much more positive dynamic is an important goal."
Al Bawaba
15-05-2025
- Business
- Al Bawaba
Trump concludes Gulf tour with $1.4 trillion UAE investment deal
ALBAWABA- U.S. President Donald Trump concluded his Gulf tour Thursday with a high-profile visit to the United Arab Emirates, marking the final leg of a regional trip that included a major economic agreement with Qatar and ambitious new investment pledges from the UAE. During a ceremonial welcome at the presidential palace in Abu Dhabi, UAE President Sheikh Mohamed bin Zayed Al Nahyan lauded the enduring partnership between Washington and Abu Dhabi. 'We are keen to continue deepening this friendship for the benefit of both our nations and peoples,' Sheikh Mohamed said. He announced the UAE's plan to invest $1.4 trillion in the U.S. over the next decade, targeting sectors including energy, artificial intelligence (AI), semiconductors, and manufacturing. Trump echoed the sentiment, saying the UAE 'remains committed to working with the United States to advance peace and stability in our region and globally.' The visit comes after Trump's stop in Doha, where the White House announced a $1.2 trillion economic agreement with Qatar's Emir Sheikh Tamim bin Hamad Al Thani, a deal described as one of the most significant bilateral economic arrangements in recent years. Also Read Qatar gifts Trump Boeing 747-8i Jet ahead of Mideast tour In Dubai, UAE Foreign Trade Minister Thani bin Ahmed Al Zeyoudi praised Trump's negotiation style, calling him 'a good-faith, business-minded partner.' 'At the end of the day, President Trump is a businessman,' Al Zeyoudi said at the Indo-UAE Conclave, as reported by Al Jazeera. 'He listens. If he sees value for the U.S., he will accept it. We must be equally bold and clear in securing our interests.' Analysts say the UAE is positioning itself as a global AI leader. According to Al Jazeera's Hashem Ahelbarra, Abu Dhabi is actively pushing for U.S. cooperation on advanced technologies. "This deal is part of the UAE's broader ambition to become a regional hub for AI, potentially leapfrogging Saudi Arabia in the tech race,' he said. Reuters also reported that Washington and Abu Dhabi have reached a preliminary agreement allowing the UAE to import 500,000 of Nvidia's advanced AI chips annually, starting this year, a move that underscores the UAE's strategic pivot toward high-tech infrastructure.
Zawya
13-05-2025
- Business
- Zawya
Al-Salem: Kuwaiti Business Council supports 1,800 Kuwaiti companies in UAE
KUWAIT: President of the Kuwaiti Business Council in Dubai and Northern Emirates Feras Al-Salem said that the council supported more than 1,800 Kuwaiti companies registered in the UAE. The Kuwaiti Business Council advocates boosting presence of the Kuwaiti companies and business people in the UAE through facilities and guidance, said Al-Salem in an interview with Kuwait News Agency (KUNA). He has affirmed that the council tackles hindrances and challenges facing the Kuwaiti entrepreneurs, coordinates with the Chamber of Industry and Commerce in Dubai, the UAE Ministry of Economy and other government departments. Elaborating, Al-Salem has revealed that value of the Kuwaiti businesses in the UAE amounts to USD 55 billion; mostly in real-estate, financial markets and other sectors. The UAE hosts more than 44,000 Kuwaiti investors in the financial markets and 22,000 in the realty sector, Al-Salem told KUNA. Moreover, there are non-estimated Kuwaiti stakes in the UAE commercial companies. On incentives luring the Kuwaiti entrepreneurs, he mentioned "a good legislative environment," early government response to emerging economic challenges and a diverse local economy. There are 750 Kuwaiti companies registered in the Dubai Chamber, 250 at the Investment Administration in Sharjah and others in the free trade zones, in addition to a number of firms operating in Ajman, Ras Al-Khaimah and Abu Dhabi. The UAE is the number one trade partner and the second one at the global level to the State of Kuwait, with the trade exchanges estimated at USD 13.5 billion, Al-Salem said, predicting sustainable growth of the commercial exchanges between Kuwait and the UAE. Furthermore, the chairperson of the Kuwaiti Business Council has indicated that Kuwait-UAE agreements partly support the council, aim at averting double taxation and ensure that custom tariffs on the two countries traded products remain stable. The Kuwaiti companies, he has added, operate in ground services at airports, the retail sector, hospitals, hotels, property, realty development, finance markets, financial brokerage and services. Shedding further light on the Kuwaiti interests in the UAE, Al-Salem has affirmed that there are four branches of Kuwaiti banks in the country, forecasting that number of these branches would increase. The council has signed memos with relevant UAE authorities to facilitate opening accounts for the Kuwaiti citizens, students and emerging companies that have been expanding in the UAE. He lauded the open skies treaty, signed between Kuwait and the UAE in 2015, and double listing in the Dubai, Abu Dhabi and Kuwait finance markets. The council, established by Kuwaiti companies and leading businesspersons in May 2015, is a non-profit organization affiliated to the Dubai Chamber of Industry and Commerce. All KUNA right are reserved © 2022. Provided by SyndiGate Media Inc. (
