Musk’s 130-day mandate as a special government employee in the Trump administration was set to expire around May 30
Americas
AI chatbot
Musk’s xAI to use Dubai-based Telegram to roll out its Grok chatbot
One-year deal, yet to be formalised, will see xAI paying Telegram $300mn and equity, and a share of revenue on subscriptions sold
Abu Dhabi National Energy Company
TAQA keen on ‘key’ US market as it explores acquisition opportunities
Group CEO Jasim Husain Thabet says he’d prefer to acquire a fully integrated company with generation, networks and a pipeline of growth
Donald Trump
Trump administration orders US to halt student visa interviews for foreigners
US embassies around the world told to put immediate halt to visa interviews for foreign students
Donald Trump
Trump’s EU tariff extension pushes gold prices down
Spot gold was down 0.3% at $3,346.55 an ounce, while US gold futures fell 0.6% to $3,345.80
Donald Trump
Trump postpones 50% tariff on EU imports to July 9
The euro and US dollar rose against the safe-haven yen and Swiss franc after the deadline extension
Moody's
US stock futures and dollar slide after Moody’s downgrade
The ratings agency dropped the US government from Aaa to Aa1, citing budget deficit concerns; Asian stocks fall, but DFMGI rise
Bolt
Donald Trump’s $2tn Gulf tour; Dubai Golden visa for nurses; Etihad Rail announces UAE launch – 10 things you missed this week
Donald Trump visits Saudi, Qatar and UAE, Dubai offers golden visa for nurses, Etihad Rail launch plan and more top stories this week
ADNOC
ADNOC announces deals to unlock $60bn of US investment in UAE energy projects
The enterprise value of UAE energy investments into the US is set to reach $440bn by 2035
Donald Trump
Donald Trump in Qatar: US President announces $1.2tn economic exchange
President Donald Trump reveals $1.2tn spending agreements with Qatar and US companies
Donald Trump
Donald Trump in the UAE: $200bn commercial deals announced amid $1.4tn spending commitments
US President Donald Trump in the UAE as the Whitehouse announces massive spending plans
Aramco
Saudi Arabia’s Aramco announces $90bn of deals with US companies
Aramco announces deals worth up to $90bn from the Saudi energy giant to US companies
Donald Trump
Donald Trump in Saudi Arabia as $600bn investment in US businesses announced
US President Donald Trump was in Saudi Arabia to talk deals and diplomacy as investments pass $600bn
China
Gold drops on trade war truce hopes, dollar strength
Traders are also eyeing the release of the US Consumer Price Index on Tuesday for fresh signals on the Fed’s monetary policy trajectory
Abu Dhabi Investment Office
Abu Dhabi Investment Office expands San Francisco operation as it targets $25.3tn healthcare market
Abu Dhabi Investment Office looks to boost Health, Endurance, Longevity and Medicine cluster with San Francisco investment and research
Berkshire Hathaway
Warren Buffett announces retirement, names Greg Abel as successor: Report
The announcement was made during the company’s annual shareholder meeting on Saturday,May 3rd 2025