In a significant development, President Donald Trump has announced deals exceeding $200 billion between the United States and the United Arab Emirates (UAE). This includes a substantial $14.5 billion commitment from Boeing, GE Aerospace, and Etihad Airways, aimed at strengthening bilateral ties during Trump’s multiday trip to the Middle East. The White House confirmed that Etihad Airways will invest $14.5 billion to purchase 28 American-made Boeing 787 and 777X aircraft, powered by GE engines. This investment is expected to deepen the longstanding commercial aviation partnership between the UAE and the US, contributing to American manufacturing and driving exports.
Antonoaldo Neves, CEO of Etihad, revealed plans to expand the airline’s fleet by adding 20 to 22 new planes this year, with a vision of reaching over 170 aircraft by 2030 to support Abu Dhabi’s economic diversification strategy. Notably, Etihad, owned by Abu Dhabi’s $225 billion wealth fund ADQ, has undergone restructuring and management changes under Neves, with a focus on growth and expansion.
In other news, a Republican effort to advance President Trump’s tax bill faced obstacles due to demands for larger Medicaid cuts, while the Trump administration plans to revise Covid-19 vaccine recommendations. Additionally, Trump’s executive order on birthright citizenship faced resistance at the supreme court, and former House Speaker Nancy Pelosi criticized Trump’s remarks outside the court. Trump’s ongoing Middle East tour, discussions on Ukraine, and an audit of grants under the Biden administration were also highlighted in recent developments.