Boeing, GE Aerospace, ExxonMobil Reportedly Benificiaries of UAE Deals

MT Newswires Live

May 16

Boeing (BA), GE Aerospace (GE), and ExxonMobil (XOM) are among the beneficiaries of over $200 billion in deals that US President Donald Trump said Thursday he secured during his visit to the United Arab Emirates, news outlets reported, citing a White House fact sheet.

The deals announced included a $14.5 billion commitment by the UAE's Etihad Airlines to acquire 28 Boeing 787s and 777Xs powered by GE Aerospace engines, Reuters reported.

They also reportedly include a $60 billion investment by the UAE's Abu Dhabi National Oil in oil and gas projects with ExxonMobil, Occidental Petroleum (OXY), and EOG Resources (EOG).

RTX (RTX) is also partnering with Emirates Global Aluminum on a project to shore up US mineral supplies, Bloomberg reported.

In addition, Amazon (AMZN) Web Services will work with UAE telecom company e& on bolstering public cloud services, while Qualcomm (QCOM) is to contribute to a "global engineering center" in Abu Dhabi focused on AI, Bloomberg reported

The US and Emirati companies did not immediately reply to MT Newswires' request for comment.

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