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.
French Finance Minister Bruno Le Maire on Wednesday publicly challenged US Treasury Secretary Janet Yellen's view that it would be legal to monetise some $300 billion in frozen Russian assets, revealing deep divisions among Group of Seven (G7) countries.
India and South Africa have filed a formal objection against an investment agreement at a World Trade Organisation (WTO) meeting in Abu Dhabi, blocking its adoption in a move that observers say could block hundreds of billions of dollars in investment.