Skip to content Skip to Search
Skip navigation

US

Abu Dhabi's Helm cluster will be a key area of focus for the San Francisco office

ADIO expands US office in health sector push

The state-backed Abu Dhabi Investment Office (ADIO), which aims to attract inward investment into the UAE capital, is expanding its US operations to secure new funds for the local health sector. The expansion of the San Francisco office will support Abu Dhabi’s clinical validation and regulatory advancement in the healthcare and other priority sectors, state-run […]

President Donald Trump takes questions as he announces a trade deal with the UK. His administration wants more investment from Gulf nations

US moves to fast-track deals with Middle East nations

The US is setting up a fast-track process to ease greater investment from the Middle East ahead of President Donald Trump’s visit to the Gulf next week. Trump is slated to visit Saudi Arabia, the UAE and Qatar from May 13-16. The fast-track process includes launching a portal to collect information from foreign investors before […]

US treasuries are traditionally seen as a safe haven but market uncertainty has eroded confidence

US treasuries: why it’s buy, buy, buy for the UAE as Saudi sells

Saudi Arabia and the UAE are following divergent investment strategies around US government bonds, which have long been a safe haven for sovereign and institutional investors worldwide. The two countries are among the world’s top 20 biggest holders of the bonds, with a combined value of almost $250 billion. The UAE acquired almost $43 billion […]

Donald Trump has made it clear he will not take kindly to any efforts 'to replace the mighty U.S. Dollar' as the default for international payments

Taking on the almighty dollar

There is much to discuss during President Trump’s visit to Qatar, the UAE and Saudi Arabia next week. Oil and gas, investment into the US and tariffs, technology transfers and nuclear power, weapons sales and security guarantees, Yemen and Iran are all likely to feature. By way of welcome, Qatar has said that it will buy a fleet of […]

HTX2YD A pair of local Omani men walk along Muttrah corniche in the evening, in Muscat, Oman

Oil profit fall at Oman’s OQ suggests bigger decline in Q2

Oman’s state-owned energy group OQ, which produces about a quarter of the country’s oil, reported a decline in first-quarter profit on the back of a fall in the price of crude. Net profit in the three months to March 31 fell 9 percent to $194 million over the same period last year, the company said […]

President Donald Trump has made improving ties with some countries in the Gulf region a main goal of his administration

US might ease chip export curbs on some Gulf nations

President Donald Trump said on Wednesday he will soon have an announcement on whether the US will ease microchip export restrictions to some Gulf countries. “We might be doing that, yeah,” Trump said. “And it will be announced soon.” Trump is preparing for his first major diplomatic trip next week that includes a three-country Middle […]

Abu Dhabi Investment Council bought a 90% stake in New York’s Chrysler Building (in background) in 2008, and still sees opportunity amid the volatility

Gulf funds weigh risk and reward in Trump’s new trade world order

Gulf sovereign wealth funds, including Abu Dhabi’s Mubadala and Saudi Arabia’s Neom Investment Fund, see both risk and opportunity in the heightened global trade tensions linked to US tariffs. “We know what an economic recession looks like – here we’re dealing with something slightly different,” said Oscar Fahlgren, chief investment officer at Mubadala’s alternative asset […]

Falling oil prices and a growing budget deficit may force Saudi Arabia to prioritise completion of the more time-sensitive Vision 2030 projects such as Riyadh Expo in 2030

Saudi Arabia to ‘roll with the punches’ on oil price

Saudi Arabia may have to tighten its reins on spending on the back of a decline in international oil prices, analysts have said. The country’s first-quarter budget deficit of SAR59 billion ($16 billion), reported this week, was the biggest in three years. “A deficit was broadly expected, says Monica Malik, chief economist at Abu Dhabi Commercial […]

President Donald Trump on Air Force One. He will visit Qatar, Saudi Arabia and the UAE next week

Qatar Airways lines up Boeing order for Trump visit

Qatar Airways is reportedly preparing to order about 100 wide-body aircraft from US manufacturer Boeing during President Donald Trump‘s visit to the Gulf. The state-backed airline is looking to include an option for an additional 100 planes in the deal, Bloomberg reported, without identifying its sources. Corporate deals announced during the visit on May 13-16 […]

US President Donald Trump greets King of Jordan, Abdullah II Ibn Al-Hussein at a visit this February. Jordan are facing significant economic headwinds from potential new tariffs

Jordan caught under Trump tariffs’ sword of Damocles

The Middle East and North Africa is expected largely to avoid the direct impact of President Donald Trump’s new tariffs, with the possible exception of Jordan. The spectre of a 20 percent US tariff taking effect in July is “difficult to ignore,” according to Racha Helwa, a senior economist and director of the empowerME Initiative […]

Coffee chain Starbucks is among the biggest losers in the PIF US portfolio, falling $105 million

PIF’s US portfolio weathers ‘Liberation Day’ storm

It has been a month since President Trump’s “Liberation Day” and a near tripling in US tariffs on imports to their highest in more than a century, after which global financial markets plunged. Overall, however, Saudi Arabia’s $940 billion Public Investment Fund (PIF) has not come out of it too badly. So far, anyway. On […]

People stroll past multiple casinos on the famous boardwalk in Atlantic City, New Jersey. The US state and the UAE are focusing on 'cybersecurity and consumer protections'

New Jersey and UAE gaming regulators sign agreement

The US state of New Jersey, home to Atlantic City’s casino resorts, signed a landmark agreement this week with the UAE’s gaming regulator. The agreement comes as MGM Resorts International, a major Las Vegas casino operator, held meetings about its upcoming projects in the emirates. The memorandum of understanding was signed in Abu Dhabi on […]

Abu Dhabi's Sheikh Tahnoon bin Zayed Al Nahyan met with US officials to discuss chip exports, and President Trump may announce progress on a deal during his upcoming Gulf visit

US considers easing of chip export restrictions on UAE

The US is considering easing restrictions on the export of high-end semiconductors to the UAE, Bloomberg reported. President Donald Trump could announce the start of work on a bilateral chip deal during his upcoming trip to the Gulf, the news service said, without identifying sources. Nothing has yet been decided but the talks are picking up […]

President Donald Trump holds an 'Investing in America' event at the White House. The president will visit the Gulf from May 13-16, and artificial intelligence is expected to be at the top of the agenda

AI will be front and centre during Trump’s Gulf trip

Artificial intelligence is expected to be top of the agenda during US president Donald Trump’s visit to Qatar, Saudi Arabia and the United Arab Emirates in mid-May, with officials from all sides eager to announce fresh partnerships. Discussions are likely to focus on securing more GCC investments into US technology and expanding Gulf states’ access […]

Zach Witkoff was on a panel with Eric Trump at the Token2049 crypto event taking place in Dubai

Abu Dhabi’s MGX to use Trump stablecoin for Binance deal

A stablecoin linked with President Donald Trump will be used by Abu Dhabi’s MGX as part of the technology company’s $2 billion investment in Binance, the world’s largest cryptocurrency exchange, it was announced on Thursday. MGX announced a minority investment in Binance in March.  Zach Witkoff, co-founder of World Liberty Financial, a cryptocurrency holding company […]

Bank of New York Mellon is set for sunnier climes with its Saudi HQ

Bank of New York gets licence for Saudi regional HQ

Bank of New York Mellon has received a licence to set up a regional headquarters in Saudi Arabia, it said on Thursday, joining others lured by incentives as the kingdom seeks to boost its appeal as a financial hub. Riyadh has been looking to attract more companies to set up their regional headquarters in the kingdom […]

PIF governor Yasir Al-Rumayyan. Saudi Arabia's sovereign wealth fund has raised $5.25bn from debt markets this year

PIF raises $1.25bn from year’s second debt sale

Saudi Arabia’s Public Investment Fund (PIF) has sold $1.25 billion in 7-year sukuk, tapping the bond market for the second time this year. The sovereign wealth fund was able to lower the price guidance to 110 basis points (bps) over US Treasuries from 140 bps over the same benchmark released earlier in the day after […]

King Abdullah of Jordan held talks with President Donald Trump and Marco Rubio, the US secretary of state, at the White House in February

Jordan wins exemption from Trump’s freeze on US aid

Millions of dollars in US grants for Jordan’s largest water desalination project dried up when President Donald Trump announced sweeping cuts to foreign aid in January. Within two months, support was flowing again – a result of diplomacy that has arguably put the Middle Eastern state on a more solid financial footing than before January, […]

Eric Trump was in Dubai representing the Trump Organizaton to launch a new luxury tower in partnership with real estate developer Dar Global

Eric Trump: the Gulf is dependent on a strong America

The Gulf region is dependent on a strong United States and wants security so local economies can flourish, the US president’s son Eric Trump said in an interview with Reuters. In Dubai as an executive of the president’s family business, the Trump Organization – which launched a new tower in the city in partnership with […]

New Jersey governor Phil Murphy is targeting Middle East investment opportunities seeking Gulf collaboration in tech and research

Ahead of Trump visit, New Jersey courts Gulf investment

New Jersey Governor Phil Murphy is leading a mission to Saudi Arabia, the UAE and Bahrain as US states compete for a share of more than $2 trillion of investment and trade which Gulf Arab countries have pledged to the US over the next decade. The trip, which ends on Saturday, comes just two weeks […]