Trump Advisor: AI Partnership with Gulf Is a Masterstroke

US President Donald Trump and White House AI and Crypto Czar at the White House Crypto Summit in Washington, DC, US, March 7, 2025. (Reuters)
US President Donald Trump and White House AI and Crypto Czar at the White House Crypto Summit in Washington, DC, US, March 7, 2025. (Reuters)
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Trump Advisor: AI Partnership with Gulf Is a Masterstroke

US President Donald Trump and White House AI and Crypto Czar at the White House Crypto Summit in Washington, DC, US, March 7, 2025. (Reuters)
US President Donald Trump and White House AI and Crypto Czar at the White House Crypto Summit in Washington, DC, US, March 7, 2025. (Reuters)

White House AI and Crypto Czar David Sacks said President Donald Trump’s signing of an AI Partnership with Middle East countries is a “masterstroke,” and “a historic diplomatic and economic success.”

On his X account, Sacks wrote: “President Trump’s trip to the Middle East was also a game-changer in the global AI race.”

With the administration’s signing of the first “AI Acceleration Partnership” in Abu Dhabi, Trump signaled a new willingness to work with Gulf State partners on AI, he added.

“This approach was sorely needed to mend fences in the region after years of hostility from the Biden administration,” he said.

Over the course of a three-day trip to the Middle East, Trump and his emissaries from Silicon Valley have transformed the Arab Gulf from an artificial-intelligence neophyte into an AI power broker.

The United States also struck multibillion-dollar agreements to sell advanced chips from Nvidia and AMD to Saudi Arabia and the UAE.

According to Sacks, the AI Acceleration Partnership is not just a single deal, “it’s a new framework for advancing American AI both at home and abroad, positioning our tech stack as the ecosystem of choice across the region for decades to come.”

Sacks explained that under this new framework, the US global partners will invest in the build-out of data centers in the US at least as large and powerful as those in their own home countries.

This means, he said, billions of dollars of investment flowing into the US and billions more in revenue from American technology exports.

Also, the vast majority of advanced semiconductors available in partner countries will be owned and operated by US hyperscalers and cloud service providers. “This ensures that these new AI compute clusters remain part of the larger American technology ecosystem, aligned with US interests,” Sacks explained.

Moreover, he said the framework will allow all advanced semiconductors to remain under robust and comprehensive US security controls, protecting American technology from any illegal diversion or illegal access.

“This is a win-win deal for the US and our global partners,” Sacks wrote. “The US accelerates the build-out of its AI compute infrastructure, and its partners get to participate in the bounties of AI by building on the leading AI tech stack.”

Therefore, “by creating the largest ecosystem, we also help to cement American technology as the global standard — before our competitors can catch up.”

According to Sacks, the alternative to this framework was to exclude critical geo-strategic, resource-rich friends and allies from our AI ecosystem.

“This was the Biden policy, and it was foolish in the extreme. Every country will want to participate in the AI revolution. If we align with them, we will pull them into our orbit. If we reject them, we will drive them into China’s arms,” he wrote.

Thanking Trump for his leadership on AI, he stressed: “He made it a priority for the US to win the AI race, and his historic diplomacy in the Gulf region has already enabled the first AI Acceleration Partnership, with more to come.”



Türkiye TPAO, Shell Sign Deal to Carry out Exploration Work offshore Bulgaria

A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)
A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)
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Türkiye TPAO, Shell Sign Deal to Carry out Exploration Work offshore Bulgaria

A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)
A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)

Türkiye Petrolleri (TPAO) has signed a partnership agreement with Shell to carry out exploration work in Bulgaria's maritime zone, the Turkish energy ministry and British oil major said on Wednesday.

European Union member Bulgaria, which had been totally dependent on Russian gas until 2022, has been seeking to diversify its gas supplies and find cheaper sources, Reuters reported.

TPAO and Shell will jointly explore the Khan Tervel block, located near Türkiye's Sakarya gas field, and will hold a five-year licence in Bulgaria's exclusive economic zone, Minister Alparslan Bayraktar said.

Shell will continue as operator of the block, while TPAO will take a 33% interest in the licence, a Shell spokesperson said.

Since the start of this year, TPAO has signed energy cooperation agreements with ExxonMobil, Chevron and BP for possible exploration work in the Black Sea and the Mediterranean.

In April, Shell signed a contract with Bulgaria's government to allow the oil major to explore 4,000 square metres in the block.


Saudia Signs Strategic Partnership Agreement with Six Flags and Aquarabia Qiddiya City

udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA
udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA
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Saudia Signs Strategic Partnership Agreement with Six Flags and Aquarabia Qiddiya City

udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA
udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA

Saudia Airlines has signed a five-year strategic partnership with Six Flags and Aquarabia Qiddiya City, becoming the official premier partner exclusively in the airline category.

As part of the partnership, Saudia will develop special travel packages designed to enable visitors to experience world-class attractions. The collaboration also brings the spirit of Six Flags and Aquarabia Qiddiya City to the skies through special aircraft branding across Saudia’s fleet, SPA reported. 

Chief Marketing Officer of Saudia Group Khaled Tash said in a press release: "Saudia is committed to supporting national development projects as part of its contribution to Vision 2030, aligned with our strategy to bring the world to the Kingdom. Partnerships of this scale with national partners play a key role in positioning Saudi Arabia as a leading global destination for entertainment and tourism."

Park President of Six Flags and Aquarabia Qiddiya City Brian Machamer added: "Our partnership with Saudia not only reflects a shared ambition to connect the Kingdom to the world through world-class entertainment experiences, but strengthens our ability to attract visitors from around the world and realize our vision of setting a new global benchmark for immersive, world-class theme park entertainment and reinforcing Saudi Arabia’s growing presence on the global tourism stage."

Six Flags Qiddiya City sets a new benchmark for exceptional entertainment regionally and globally. Spanning six iconic themed lands, the theme park takes visitors on an immersive journey across 28 rides and attractions designed to world-class standards. Beyond the scale and diversity of its offerings, Six Flags Qiddiya City stands out for pushing the boundaries of engineering and entertainment, featuring five exclusive, record-breaking rides that have redefined global benchmarks. Leading these innovations is Falcons Flight, the roller coaster that has captured global attention as the fastest, tallest, and longest in the world.

Aquarabia Qiddiya City delivers a distinctive aquatic entertainment experience, offering 22 rides and water attractions, along with a man-made river designed for both relaxation and family-friendly water fun. For guests seeking privacy and elevated comfort, Aquarabia features 91 luxury cabanas, positioning the destination as a fully integrated leisure offering that redefines water-based entertainment to the highest international standards.

Located in the Tuwaiq Mountains near Riyadh, Qiddiya City is an emerging destination bringing together entertainment, sports, and culture. Six Flags and Aquarabia Qiddiya City form part of its entertainment offering.


Moody’s Establishes Regional HQ in Riyadh, Deepening Presence in Region

(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)
(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)
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Moody’s Establishes Regional HQ in Riyadh, Deepening Presence in Region

(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)
(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)

Moody’s Corporation announced that it has established its regional headquarters in Riyadh, reflecting ongoing commitment to support the development of the Kingdom’s capital markets and economy.

“This investment aligns to the Kingdom's Vision 2030 initiative and underscores its dynamism and growth,” Moody’s said in a statement this week.

The new regional headquarters marks an expansion of Moody’s presence in Saudi Arabia, where the company first opened an office in 2018, and reflects its longstanding commitment to the Middle East.

“The headquarters will strengthen Moody’s engagement with Saudi institutions and enable broader access to Moody’s decision grade data, analytics and insights,” said the statement.

“Our decision to establish a regional headquarters in Riyadh reflects our confidence in Saudi Arabia’s strong economic momentum, as well as our commitment to helping domestic and international investors unlock opportunities with our expertise and insights,” said President and Chief Executive Officer of Moody’s Rob Fauber.

“We are well positioned to provide the analytical capabilities and market intelligence that investors and institutions need to navigate evolving markets across the Middle East,” the statement quoted him as saying.

Mahmoud Totonji will lead the regional headquarters as General Manager.