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From jets and palaces to yachts: How wealthy is Abu Dhabi royal family which is set to acquire stake in TikTok US?
MINT· 2025-09-28 09:48
The ultra-wealthy royal family of Abu Dhabi is poised to acquire a stake in TikTok’s US operations through a deal facilitated by President Donald Trump. Reports indicate that MGX, a fund led by Sheikh Tahnoon Bin Zayed Al Nahyan, will obtain a 15% ownership share along with a seat on the company’s board.According to The Guardian, the Abu Dhabi royal family will hold a stake in TikTok US, which has been valued at $14 billion ( ₹12,4197 crore).On Thursday, September 25, Trump signed an executive order approvi ...
Boeing was the real winner of Donald Trump's trip to the Middle East
Business Insider· 2025-05-17 09:42
Group 1 - Boeing secured a significant order from Qatar Airways for at least 160 jets, valued at $96 billion, marking its largest-ever order for wide-body aircraft [1][2] - The order includes 30 Boeing 777X planes, which have yet to be certified and are running years behind schedule, indicating Qatar's strong confidence in Boeing's future [3][4] - Boeing's recent delivery of 45 commercial planes in the last month represents a substantial increase, nearly double the number delivered in the same period last year [5] Group 2 - The defense deal with Saudi Arabia, valued at approximately $142 billion, is noted as the largest defense-sales agreement in history, further enhancing Boeing's reputation [4] - Trump's support for Boeing during his trip to the Middle East reflects a notable shift from previous tensions regarding delays in the Air Force One project [2][11] - The recent agreement with Qatar Airways and the defense deal with Saudi Arabia signify that Boeing is recovering from its past challenges and restoring its standing in the industry [4][12]
Trump hails Qatar's 'nice gesture' of Air Force One replacement, blaming Boeing delays
CNBC· 2025-05-12 16:07
Group 1 - The U.S. Air Force One is currently a modified version of a 40-year-old Boeing 747, leading to disappointment over delays in the production of a new aircraft by Boeing [2] - Qatar has offered a 747 jet to the U.S. as a temporary Air Force One due to the delays at Boeing, although no formal acceptance of this offer will occur during Trump's visit [1][2] - Trump expressed respect for Qatar's leadership while also highlighting the advanced aircraft capabilities of some Arab countries compared to the aging U.S. presidential aircraft [2][3] Group 2 - The U.S. Department of Defense is considering the temporary transfer of an aircraft from Qatar, although no "gift" will be accepted during the visit [2] - Trump's upcoming visits to Saudi Arabia and the United Arab Emirates indicate a broader diplomatic engagement in the region [3]
L3 Harris tapped to modify Qatari jet as potential new Air Force One after years of Boeing delays
CNBC· 2025-05-01 15:30
Group 1 - The U.S. is collaborating with L3Harris Technologies to modify a used Qatari government jumbo jet, potentially creating a new presidential plane [1] - President Trump expressed frustration over delays in the modification of two Boeing 747s, which were initially contracted to serve as the next Air Force One [2][3] - Boeing has incurred over $2 billion in cost overruns related to the Air Force One project, prompting Trump to consider alternative aircraft options [3] Group 2 - Despite the delays with the Air Force One planes, the U.S. Air Force awarded Boeing a contract for a next-generation fighter jet, estimated to be worth around $20 billion or more [5] - Boeing's CEO stated that the company is working to revise the program plan for the Air Force One project to allow for an earlier delivery while ensuring safety and quality [4]