Chinese firms shift to Indonesia amid U.S. tariff pressure and local demand
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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.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
A magnitude 5.2 earthquake struck 56 kilometres east of Gorgan in northern Iran early Sunday morning, according to preliminary seismic data.
U.S. Secretary of State Marco Rubio has revoked or restricted visas on Wednesday, for certain officials from Africa, the Caribbean, and Brazil tied to Cuba’s overseas medical worker program, citing concerns over forced labor and financial exploitation.
North Korea’s Kim Yo Jong, a senior official in the ruling Workers’ Party, said on Thursday that South Korea’s belief in Pyongyang’s response to peace overtures is a “pipedream.”
U.S. President Donald Trump warned of “severe consequences” if Russia’s Vladimir Putin refuses to agree to peace in Ukraine, while suggesting a follow-up meeting could include Ukrainian President Volodymyr Zelenskyy.
The U.S. Department of Energy announced on Wednesday that the Trump administration has unveiled a nearly $1 billion funding plan to boost U.S. production of critical minerals and materials, aiming to reduce reliance on foreign suppliers, particularly China.
The Philippine government reported that a Chinese jet fighter intercepted a Philippine Coast Guard (PCG) aircraft with journalists onboard during a patrol over the Scarborough Shoal on 13 August, further straining tensions in the South China Sea.
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