American companies secured over $128 billion worth of deals at the Dubai Airshow, including one worth $52 billion between Emirates Airline and Boeing.
In statement to the Emirates News Agency (WAM), Martina A. Strong, the Ambassador of the United States to the United Arab Emirates, highlighted the UAE's significance for American companies, noting the presence of over 1,500 American businesses in the country, many of which are global leaders in their respective industries.
She said they're drawn to the UAE's strategic location, its pro-business environment, and its gateway to regional markets.
Strong further emphasised the strength of the US investment landscape, characterised by a dynamic market and a robust regulatory framework that fosters growth and innovation.
Additionally, diversity remains a cornerstone of the American workforce, the diplomat remarked.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has emphasised the UAE's commitment to strengthening economic ties with African nations.
Microsoft and OpenAI reached a deal to allow the ChatGPT maker to restructure itself into a public benefit corporation, valuing OpenAI at $500 billion and giving it more freedom in its business operations.
Apple topped $4 trillion in market value for the first time on Tuesday, the third Big Tech company to hit the milestone, as robust demand for its latest iPhone models allayed fears over its slow progress in the AI race.
Amazon is planning to cut as many as 30,000 corporate jobs beginning on Tuesday, as the company pares expenses and compensates for overhiring during the peak demand of the pandemic, according to three people familiar with the matter.
Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
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Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.