E-Paper
Sign In
Trump’s UAE visit to boost AI, crypto ties, bring stability in oil-producing region
The US President reached the Emirates on Thursday on the final leg of his Middle East tour
- PUBLISHED: Thu 15 May 2025, 4:51 PM
US President Donald Trump’s visit to the UAE and other Gulf countries shows the importance of the oil-producing region, hence bringing stability to energy prices, analysts say.
In addition, Trump’s visit will also bring the UAE and the US closer in terms of new-age technologies such as artificial intelligence, cryptocurrencies, blockchain and microchips sectors, therefore boosting the growth prospects of local companies.
Recommended For You
The US President reached the Emirates on Thursday on the final leg of his Middle East tour.
Stay up to date with the latest news. Follow KT on WhatsApp Channels.
“I believe the UAE will benefit a lot from AI advancement and have access to new important chips. The visit is crucial and important, giving more solidity to the UAE economy. It will give a sense of confidence to investors that UAE and GCC are a very vital region to the global economy,” said Wael Makarem, senior market strategist at Exness.
Ahmed Negm, head of market research for Mena at xs.com, added that the UAE has a more regulated market and platforms for cryptocurrencies and Trump’s visit will benefit the Emirates.
In his second term, the US president has adopted a markedly pro-crypto stance. He has publicly declared his intention to make the US the "crypto capital of the planet" and has taken several steps to promote digital assets.
Stability in energy prices
Wael Makarem said Trump’s visit is very beneficial for the Middle East overall because he is trying to have stability in one of the world’s most important regions when it comes to energy production.
While commenting on the impact of Trump’s visit on the local equity markets, Makarem pointed out that local and Gulf stock markets are influenced by global trends such as oil price fluctuation, tariffs issue and geopolitical tension.
Hamza Dweik, head of trading for Mena at Saxo Bank, said Trump's visit “underscores the UAE's growing prominence as a key player in international diplomacy and economic development".
“The outcomes of these discussions will have far-reaching implications, not only for the UAE but for the broader Middle East,” he said.
