{"id":103625,"date":"2025-05-14T00:00:00","date_gmt":"2025-05-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/this-morning-uae-president-to-attend-gcc-us-summit-in-riyadh\/"},"modified":"2025-05-14T00:00:00","modified_gmt":"2025-05-14T00:00:00","slug":"this-morning-uae-president-to-attend-gcc-us-summit-in-riyadh","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/05\/14\/this-morning-uae-president-to-attend-gcc-us-summit-in-riyadh\/","title":{"rendered":"THIS MORNING: UAE President to attend GCC-US summit in Riyadh"},"content":{"rendered":"

Good morning, lovely people. <\/strong>As expected, the news flow on this fine Wednesday morning is dominated by Trump\u2019s swing through the region, with his first day in Riyadh carrying a more than USD 600 bn price tag. <\/p>\n

Next up: <\/strong>He flies to Qatar and then to the UAE tomorrow. Ahead of his arrival, we\u2019re already seeing rumors of a potential agreement that could hike Nvidia chip exports to the UAE. <\/p>\n

We have more in the news well below<\/strong>, along with the latest on Dubai Holding\u2019s IPO of its residential REIT, which is set to raise some AED 1.8 bn, an update on Adnoc\u2019s takeover of Covestro, and a first glimpse into some of the UAE\u2019s USD 5 bn investments in Kazakhstan. <\/p>\n

<\/a> ALSO- <\/strong>UAE <\/strong>President to attend Gulf-US Summit: <\/strong>President Mohamed bin Zayed Al Nahyan received a written invitation from the Saudi King Salman bin Abdulaziz Al Saud to attend the Gulf-US Summit, set to take place in Riyadh today<\/a> during US President Donald Trump's visit to Saudi Arabia, the Foreign Affairs Ministry said in a statement<\/a>.<\/p>\n

On the itinerary:<\/strong> Trump\u2019s Gulf tour comes as his administration looks to deepen economic ties with Gulf countries. Agreements on investment, AI, infrastructure, defense, tariffs, and oil are all in the cards, as well as a potential easing of access to advanced AI chips for the UAE and a broader bilateral chip agreement. We have a full rundown of what to expect <\/strong>here<\/a><\/strong>, and the latest from the rumor mill in the news well, below<\/strong>.<\/strong><\/p>\n

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

Trump kickstarted his Middle East tour with a pledge to lift the longstanding \u2014 and <\/strong>crippling \u2014 sanctions in place against Syria and a USD 600 bn Saudi investments package. <\/strong>Trump is also set to \u201csay hello\u201d today to Syria\u2019s new leader Ahmed Al Sharaa, while Secretary of State Mark Rubio will meet his Syrian counterpart in Turkey soon. <\/p>\n

The Saudi-US summit saw the signing of 145 agreements totalling USD 300 bn<\/strong> at the Saudi-US Business Forum, with the rest of the USD 600 bn package to be announced in the coming months. The Kingdom is set to eventually round out the figure to USD 1 tn in a second phase, Crown Prince Mohammed bin Salman said in his speech. AI was a big theme, with Riyadh-based DataVolt planning to invest USD 20 bn in US-based AI data centers and energy infrastructure. <\/p>\n

Plus: Companies like Google, Oracle, Salesforce, AMD, and Uber have agreed to some USD 80 bn in joint technology investments<\/strong> in the US and the Kingdom. <\/p>\n

The US also agreed its biggest defense cooperation agreement to date<\/strong>, with a USD 142 bn defense package for the Kingdom.<\/p>\n

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\u2600\ufe0f <\/strong>WEATHER<\/strong>- It\u2019s another scorcher across the UAE today.<\/strong> Dubai will see daytime highs of 43\u00b0C, while overnight lows will dip to 30\u00b0C. Abu Dhabi remains slightly cooler, with daytime temperatures peaking at 37\u00b0C and nighttime lows around 29\u00b0C.<\/p>\n

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WATCH THIS SPACE- <\/p>\n

<\/a> #1-<\/strong> Abu <\/strong>Dhabi tightens gas safety rules for buildings: <\/strong>The Abu Dhabi Energy Department (DoE) rolled out stringent new regulations governing gas systems in buildings, including freezones, to enhance safety standards, effective upon publication, according to the Abu Dhabi Media Office<\/a>. <\/p>\n

What\u2019s out? <\/strong>The regulations ban gas cylinders in buildings connected to certified central gas networks. Installing gas storage tanks in buildings with active gas connections underground is also prohibited.<\/p>\n

Ensuring compliance: <\/strong>DoE inspectors and accredited third-party agencies will closely monitor compliance through inspections. Companies will have to keep operational and maintenance logs, notify authorities about any issues, and submit technical plans. All gas suppliers must obtain DoE permits, while building owners are required to hire licensed firms for inspections and emergencies.<\/p>\n

Penalties: <\/strong>Fines for violations will range from AED 500 to AED 2 mn. Companies and individuals have a 30-day grace period (extendable to 90 days with DoE approval) to comply. <\/p>\n

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<\/a> #2- <\/strong>Dubai's <\/strong>RTA set to open 116 tenders to the private sector: <\/strong>Dubai's Roads and Transport Authority (RTA) is launching 116 tenders and auctions for private sector participation, including SMEs, in 2025, Wam<\/a> reports. The tenders cover services, consultancy, infrastructure, IT, ins., operations, maintenance, and investment, and look to increase public-private partnerships.<\/p>\n

#3- <\/strong>Dubai <\/strong>Crown Prince grants golden visas to long-serving nurses:<\/strong> Dubai Crown Prince Hamdan bin Mohammed bin Rashid Al Maktoum has directed 10-year golden visas to be issued to Dubai Health nursing staff who have served for over 15 years, Wam<\/a> reports. <\/p>\n

HAPPENING TODAY- <\/p>\n

#1- <\/strong>Cabsat<\/a><\/strong> is on its second day 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

#2- The <\/strong>HODL Summit<\/a><\/strong> \u2014 the rebranded World Blockchain Summit \u2014 kicks off today<\/strong> and runs until tomorrow <\/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

#3- The inaugural <\/strong>SATExpo Middle East<\/a><\/strong> is also on its second day, and runs 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 on its second day and<\/strong> continues<\/strong> 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 is on its second and final day<\/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> is on its second day 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 tomorrow <\/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 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

#<\/strong>5- <\/strong>Integrate Middle East<\/a><\/strong> will be running from today<\/strong> 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

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Plus: Abu Dhabi tightens gas safety rules for buildings<\/p>\n","protected":false},"author":1,"featured_media":103626,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1543],"tags":[610,1464,54,1125,871,143,7,599,135,5,118,1334,839,6],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-103625","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-artificial-intelligence","tag-data-center","tag-diplomacy","tag-donald-trump","tag-emirates-global-aluminium","tag-energy","tag-enterpriseam-uae","tag-g42","tag-regulation","tag-roads-and-transport-authority","tag-saudi-arabia","tag-trade","tag-uae-india-relations","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"88a0e3d4-6d27-462f-8aea-9958db7c5bbd","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2025\/5\/1097.jpg","photo_position":"above","homepage_title":"","full_issue_title":"THIS MORNING: UAE President to attend GCC-US summit in Riyadh","related_issue":[103623],"teaser":"Plus: Abu Dhabi tightens gas safety rules for buildings","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.fdb27cc1-941c-473d-bed6-bff094858d13.mp3"},"yoast_head":"\nTHIS MORNING: UAE President to attend GCC-US summit in Riyadh - 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