President Donald Trump walks with Crown Prince Mohammed bin Salman of Saudi Arabia. May 14, 2025. Photo courtesy of the White House via X.com.
As President Donald Trump tours the Middle East, news of major new investments by oil-rich countries has flooded in. The President announced a $600 billion investment commitment by the Saudis, posting:
The Saudis will buy $142 billion in weapons from the United States:
.@POTUS: “In addition to purchases of $142 million of American-made military equipment by our great Saudi partners— This week, there are multi-billion dollar commercial deals with Amazon, Oracle, A.M.D.— they’re all here — Uber, Qualcomm, Johnson & Johnson, and many many more.” pic.twitter.com/hC7t1B1daE
— Rapid Response 47 (@RapidResponse47) May 13, 2025
This morning, Reuters broke the news of a deal by Qatar Airways for 160 jets from Boeing worth $200 billion. Trump is the first president to visit Qatar. Andrew Mills wrote:
DOHA, May 14 (Reuters) – State carrier Qatar Airways signed a deal on Wednesday to purchase jets from U.S. manufacturer Boeing during President Donald Trump’s visit to the Gulf Arab country.
Trump said the deal was worth $200 billion and included 160 jets. Trump and Qatar’s Emir Sheikh Tamim bin Hamad Al-Thani witnessed the signing ceremony in Doha.
The last leg of Trump’s trip in the Middle East is the United Arab Emirates, which Emerging Gulf reports could see a deal for Nvidia AI chips signed, reporting:
The Trump administration is reportedly negotiating a deal that would allow the United Arab Emirates to import more than one million advanced Nvidia AI chips, significantly surpassing the export limits imposed under Biden-era regulations, according to Bloomberg News.
The prospective agreement would permit the UAE to receive 500,000 of Nvidia’s most powerful chips annually through 2027. About 20% of those chips would go to Abu Dhabi-based artificial intelligence firm G42, while the rest would be allocated to U.S. companies operating data centers in the UAE, sources familiar with the negotiations told Bloomberg.
Among the potential beneficiaries is OpenAI, the maker of ChatGPT, which may soon announce plans for expanding its data center capacity in the UAE, the report said.
This marks a significant policy shift as Trump’s administration moves to relax or eliminate the “AI diffusion” export controls established under President Joe Biden. Those rules were designed to limit the sale of high-end AI chips to foreign nations amid national security concerns about artificial intelligence proliferation.
Read more here.
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