American companies secured over $128 billion worth of deals at the Dubai Airshow, including one worth $52 billion between Emirates Airline and Boeing.
In statement to the Emirates News Agency (WAM), Martina A. Strong, the Ambassador of the United States to the United Arab Emirates, highlighted the UAE's significance for American companies, noting the presence of over 1,500 American businesses in the country, many of which are global leaders in their respective industries.
She said they're drawn to the UAE's strategic location, its pro-business environment, and its gateway to regional markets.
Strong further emphasised the strength of the US investment landscape, characterised by a dynamic market and a robust regulatory framework that fosters growth and innovation.
Additionally, diversity remains a cornerstone of the American workforce, the diplomat remarked.
OPEC+ agreed on Saturday to hike July oil output by 411,000 barrels per day (bpd), the same as in May and June, as the group of oil-producing countries continues to bring back supply more rapidly than earlier planned.
US President Donald Trump said on Friday he planned to increase tariffs on imported steel and aluminium to 50 per cent from 25 per cent, ratcheting up pressure on global steel producers and deepening his trade war.
A federal appeals court temporarily reinstated the most sweeping of President Donald Trump's tariffs on Thursday, a day after a US trade court ruled that he had exceeded his authority in imposing the duties and ordered an immediate block on them.
Dubai’s real estate market is embracing tokenisation, with over 6,000 people joining the waitlist for Prypco Mint, a new platform that lets users buy fractional shares of property through secure digital tokens.
The Abu Dhabi Department of Energy (DoE) has announced its comprehensive strategic framework for the energy and water sector up to 2050, at the World Utilities Congress, hosted at ADNEC in the capital.
The United Arab Emirates has expressed its solidarity with the Federal Republic of Nigeria following floods that submerged the town of Mokwa in Niger State, in the north of the country, resulting in dozens of deaths and substantial damage to property.
The Arab Parliament on Saturday condemned the decision of the Israeli occupation authorities to approve the construction of 22 new settlements in the West Bank, considering it a ‘’blatant'' violation of international law and UN Security Council Resolution 2334.