{"id":103572,"date":"2025-05-13T00:00:00","date_gmt":"2025-05-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/this-morning-trump-lands-in-saudi-arabia-today-us-approves-potential-usd-1-3-bn-arms-sale-to-the-uae\/"},"modified":"2025-05-13T00:00:00","modified_gmt":"2025-05-13T00:00:00","slug":"this-morning-trump-lands-in-saudi-arabia-today-us-approves-potential-usd-1-3-bn-arms-sale-to-the-uae","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/05\/13\/this-morning-trump-lands-in-saudi-arabia-today-us-approves-potential-usd-1-3-bn-arms-sale-to-the-uae\/","title":{"rendered":"THIS MORNING: Trump lands in Saudi Arabia today + US approves potential USD 1.3 bn arms sale to the UAE"},"content":{"rendered":"

Good morning, lovely people. <\/strong>US President Donald Trump has not even landed in the region yet, but the expected flood of news has already started with news of an approved USD 1.3 bn arms sale to the UAE. <\/p>\n

<\/a> The possible sale includes six CH-47F Chinook Helicopters<\/strong>, as well as parts and maintenance for F-16 warplanes, which will be used in \u201csearch and rescue, disaster relief, humanitarian support, and counterterrorism operations,\u201d the statement said. <\/p>\n

The contractors for the sale are Boeing Helicopter Aircraft Company and Honeywell Engine Company<\/strong>, the statement said, without mentioning the contractor for the F-16 parts sale. <\/p>\n

REMEMBER- <\/strong>The UAE was designated a major defense partner to the US<\/a> last year \u2014 a designation only handed so far to India \u2014 to boost defense in the Middle East, East Africa, and the Indian Ocean region. <\/p>\n

Trump lands in Riyadh today to meet Crown Prince and Prime Minister Mohamed bin Salman<\/strong>, as the Riyadh investment summit gets underway along with the GCC-US Summit, which has seen the Kingdom extend invitations to leaders in Kuwait, Oman, and Bahrain. There have so far been no reports or statements indicating UAE officials\u2019 attendance at the summit. Trump will head to Qatar on Wednesday before departing for the UAE later for the final day of his visit on Thursday. <\/p>\n

We have the rundown of what\u2019s at stake during his visit<\/strong> \u2014 including trade and investment agreements, rumored meetings with Syrian and Palestinian leaders, and the potential easing of AI exports \u2014 here<\/a>. <\/p>\n

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In today\u2019s issue, the big story of the day is the USD 5 bn in MoUs signed with Kazakhstan<\/strong> during Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan\u2019s visit. Plus: <\/strong>S&P Global says Abu Dhabi is gearing up for a local debt issuance as the UAE government and its emirates plan some USD 18 bn in local currency issuances this year. <\/p>\n

We also have plenty of investment news<\/strong>, with Arqaam Capital getting a new shareholder, Mubadala planning to invest in a South Korean taxi-hailing provider, and Amwal Capital Partners launching a USD 150 mn Sharia-compliant private credit fund. Also: Fertiglobe acquired Wengfu Australia\u2019s distribution assets, and DFM divested one of its real estate plots. <\/p>\n

?\ufe0fWEATHER<\/strong>- Temperatures in Dubai will hit <\/strong>42\u00b0C<\/strong> today<\/strong> before cooling to 30\u00b0C overnight, <\/strong> according to our favorite weather app. In Abu Dhabi<\/strong>, temperatures will peak at 36\u00b0C, with an overnight low of 29\u00b0C.<\/p>\n

WATCH THIS SPACE- <\/p>\n

<\/a> #1- You can soon pay Dubai government service fees with crypto<\/strong>, after Dubai Finance inked an MoU with Crypto.com<\/a> for the initiative during Dubai Fintech Summit, according to a statement. Individuals and business owners will be able to make payments via stablecoins, which will then be converted to AED and and transferred to Dubai Finance accounts. Crypto.com<\/a> is also helping facilitate crypto payments for Emirates Petroleum Company\u2019s (Emarat<\/a>) fuel stations in a first for the MENA region.<\/p>\n

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<\/a> #2- Homegrown aviation service provider <\/strong>dnata<\/strong> is eyeing acquisitions to boost its cargo <\/strong>and ground handling and catering capacity<\/strong>, CEO Steve Allen told Gulf News<\/a>. The acquisitions would help boost its geographical and product capability expansion, Allen Said, adding that the company is currently conducting due diligence on several firms. The company is eyeing growth across Asia Pacific, Australasia, South America, and Europe. <\/p>\n

\n

#3- JMM Group eyes Vietnam expansion: <\/strong>UAE-based investment firm JMM Group<\/a> is looking to expand into Vietnam with investments in agriculture, renewable energy, and infrastructure, Vietnam News<\/a> reports. During a meeting with the Finance Ministry yesterday, the company requested support in fast-tracking licensing and banking procedures to accelerate project implementation. The firm sees strong prospects in high-tech farming and infrastructure, JMM CEO Sameer Mohamed said. The UAE currently has 45 active projects in Vietnam worth a combined USD 77.4 mn.<\/p>\n

HAPPENING TODAY- <\/p>\n

#1- The<\/strong> Dubai FinTech Summit<\/a><\/strong> is on its second and final day <\/strong>at Madinat Jumeriah in Dubai. The two-day event will explore financial sector trends, regulatory compliance, blockchain tech, AI-driven services, and digital banking, while analyzing investment flows, global economic shifts, and cross-border regulations.<\/p>\n

#2- <\/strong>Cabsat<\/a><\/strong> is happening today and running until Thursday<\/strong> at the Dubai World Trade Center. The event will exhibit the latest trends and technologies in the media, entertainment, and communications sectors in the MEASA region.<\/p>\n

#3- The inaugural <\/strong>SATExpo Middle East<\/a><\/strong> is taking place from today until Thurs<\/strong>day <\/strong>at the Dubai World Trade Center. Spun off from CABSAT, the new satellite and space-focused exhibition will bring together over 140 exhibitors and 80k professionals across the aviation, maritime, government, telecom, energy, and emergency response sectors, according to a press release<\/a>. The event offers networking sessions for businesses, governments, and investors in the MEASA region.<\/p>\n

#4- <\/strong>The IUHPE World Conference on Health Promotion<\/a><\/strong> is kicking off t<\/strong>oday and <\/strong>continuing until Friday<\/strong> at the Adnec Center in Abu Dhabi. The conference will bring together over 2k global health leaders, policymakers, and advocates to address planetary health challenges, including non-communicable diseases, digital health, precision health, and emergency preparedness. <\/p>\n

#5- The <\/strong>Low Carbon Fuels MENA Summit<\/a><\/strong> 2025 will take place today <\/strong>and tomorrow <\/strong>at the Sheraton Dubai Creek Hotel & Towers. The summit will gather global experts and regional leaders to discuss the challenges and potential in the low-carbon fuel sector, and will feature exhibitions from businesses.<\/p>\n

#6- The <\/strong>World Police Summit<\/a><\/strong> begins today and runs through until Thursday <\/strong>at the Dubai World Trade Center. The summit brings together over 110 police chiefs and more than 300 speakers from over 110 countries. Key topics include AI in law enforcement, cross-border cybercrime, human trafficking, and digital transformation.<\/p>\n

HAPPENING THIS WEEK- <\/p>\n

#1- The Economy Middle East Summit will take place on Thursday, 15 May<\/strong> at the ADGM in Abu Dhabi, according to a press release (pdf)<\/a>. The event will feature discussions on the economy, banking and finance, technology, cybersecurity, AI, hospitality and tourism, real estate, and energy.<\/p>\n

#2- <\/strong>India-UAE: Partners in Progress Conclave<\/a><\/strong> will be held this Thursday, 15 May <\/strong>at Taj Exotica Resort & Spa in The Palm in Dubai. The event will bring together policymakers, business leaders, and innovators, with an aim to accelerate collaboration across trade, energy, tourism, tech, and startups.<\/p>\n

#3- <\/strong>Investopia<\/a><\/strong>Europe<\/a><\/strong> will take place on Friday, 16 May <\/strong>at Palazzo Mezzanotte in Milan. Approximately 60 Emirati delegates government entities and private sector firms \u2014 including the Abu Dhabi Investment Office, Dubai\u2019s Department of Economy and Tourism, Ras Al Khaimah Economic Zone, Invest in Sharjah, G42, ADQ, NG9, and Marjan \u2014 will engage with Italian and European business leaders to explore potential investments and partnerships.<\/p>\n

#4-<\/strong> The <\/strong>HODL Summit<\/a><\/strong> \u2014 the rebranded World Blockchain Summit \u2014 will take place<\/strong> on Wednesday, <\/strong>14 May, and Thursday, 15 May<\/strong> at Madinat Jumeirah in Dubai. The summit will gather stakeholders from across the Web3, blockchain, and crypto ecosystems for discussions on investment, regulation, and innovation. More than 30k C-suite attendees and 5k investors are expected, along with over 1k exhibitors and sponsors and 1.2k speakers.<\/p>\n

#<\/strong>5- <\/strong>Integrate Middle East<\/a><\/strong> will be running from tomorrow until Thursday<\/strong> at the Dubai World Trade Center. The event will showcase advancements in audio-visual technology and media for the broadcasting, communications, and entertainment industries.<\/p>\n

THE BIG STORY ABROAD-<\/p>\n

Hamas <\/strong>released Israeli-American Edan Alexander<\/a><\/strong> from captivity yesterday <\/strong>during a brief halt of hostilities that ended later in the day. The release \u2014 framed as \u201ca gesture of goodwill\u201d towards the Trump administration \u2014 is widely expected to revitalize ceasefire talks, with Israel planning to send a delegation to Doha on Thursday.<\/p>\n

A ceasefire is crucial for Gaza: <\/strong>The complete blockade on food and medicine by Israel for more than 70 days sent hundreds of thousands starving, pushing the enclave to the brink of full-blown famine, a UN panel said yesterday<\/a>.<\/p>\n

ALSO IN THE REGION- Kurdish separatist group PKK <\/strong>decided to disarm and disband<\/a><\/strong>, after four decades of fighting for autonomy from Turkey. The end of the conflict is expected to bolster Ankara\u2019s ambitions in the region and free up resources to rebuild Syria\u2019s military and civilian infrastructure.<\/p>\n

OVER IN BUSINESS- The US and China have agreed to a 90-day pause to their trade war after two days of talks <\/strong>in Geneva. <\/strong>We have the details on this in today\u2019s Planet Finance.<\/p>\n

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*** <\/p>\n","protected":false},"excerpt":{"rendered":"

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