Argentina's Milei submits labor reform proposal to Congress
President Javier Milei has introduced a new labour reform proposal to Argentina’s Congress, aiming to address what his administration describes as a...
President Donald Trump ended his Gulf tour with announcements of major U.S.-UAE cooperation on AI semiconductors and energy, reinforcing economic ties amid broader regional developments.
President Donald Trump concluded a four-day tour of Saudi Arabia, Qatar and the United Arab Emirates (UAE) on Friday, highlighting a series of high-value agreements between the U.S. and Gulf nations. Among the key outcomes was a preliminary agreement that paves the way for the UAE to purchase advanced AI semiconductors from American firms, supporting Abu Dhabi’s ambition to emerge as a global centre for artificial intelligence.
The AI deal comes as the UAE seeks to balance its longstanding alliance with the United States and its expanding economic partnership with China. The agreement includes provisions that data centres involved in the technology transfer be operated by U.S. companies, reflecting concerns about security and strategic oversight.
President Trump described the agreement as “a very big contract,” adding that it would contribute “billions and billions of dollars in business” and accelerate the UAE’s AI development goals.
Alongside the AI initiative, the UAE announced plans to increase its investments in the U.S. energy sector to $440 billion by 2035, up from $70 billion at present. This commitment was presented by Sultan Al Jaber, CEO of Abu Dhabi National Oil Company (ADNOC), who also noted reciprocal investments from American energy firms in UAE-based projects. Key U.S. companies involved include ExxonMobil, Occidental Petroleum (Oxy), and EOG Resources.
The trip also marked follow-up actions from a previously announced $1.4 trillion UAE investment framework targeting U.S. sectors such as energy, AI, and manufacturing. A new $14.5 billion deal was confirmed between Etihad Airways and Boeing for the purchase of 28 aircraft.
On the diplomatic front, Trump met with Syria’s interim leader and confirmed the U.S. decision to lift sanctions on the country. This move, supported by Saudi Arabia, enabled an $800 million agreement between Syria and UAE-based DP World to develop the port of Tartous. Trump stated that the policy shift was unilateral and not discussed with Israel.
Commenting on broader regional policy, Trump expressed optimism about future cooperation between Syria and Israel and encouraged Syrian participation in the Abraham Accords. He also noted progress in discussions with Iran regarding a potential nuclear agreement, stating that Tehran had received a U.S. proposal and acknowledged the urgency of negotiations.
Scores of demonstrators gathered outside the Norwegian Nobel Institute in Oslo Tuesday (9 December) to protest against the awarding of this year’s Nobel Peace Prize to Venezuelan opposition leader Maria Corina Machado.
The world’s leading minds and voices will be honoured on Wednesday, 10 December, the anniversary of Alfred Nobel’s death, as Nobel Prizes are presented in Stockholm and Oslo.
In a dramatic Champions League clash at Baku’s Tofiq Bahramov Stadium, Qarabağ grabbed an early lead, but Ajax staged a thrilling comeback to win 4-2.
At least 19 people were killed and 16 injured as two buildings collapased in Morocco's Fes city according to the state news agency.
Iran's President Massoud Pezeshkian has begun a two day visit to Kazakhstan, with officials from both sides describing the trip as an opportunity to advance cooperation in trade, transport, industry, mining and cultural exchanges.
The White House has confirmed that U.S. President Donald Trump intends to maintain both a “good working relationship” with China and a “very strong alliance” with Japan, even as tensions between the two countries continue to rise.
Pakistan has indicated its openness to forming a regional bloc with Bangladesh without including India. The statement from Islamabad follows comments by Bangladesh’s top foreign affairs adviser, Md Touhid Hossain, that such an arrangement is strategically possible without India.
President Javier Milei has introduced a new labour reform proposal to Argentina’s Congress, aiming to address what his administration describes as a "rigid structure" that has hindered job creation in the country.
Torrential rain swept across the Gaza, flooding hundreds of tents and homes sheltering families displaced by years of conflict, raising concerns that the fragile truce may be cracking as authorities struggle to manage the growing humanitarian crisis.
In a significant shift in its foreign policy, China has unveiled a new policy paper promising no-strings-attached development support to Latin America and the Caribbean, signalling a major upgrade in its engagement with the region.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment