Connect with us

Hi, what are you looking for?

Economy

Trump signs agreements with Qatar on defense and Boeing purchases

President Donald Trump signed a series of agreements with Qatar’s Emir Sheikh Tamim bin Hamad Al Thani in Doha, Qatar, on Wednesday.

The agreements involved a purchasing agreement by Qatar for Boeing aircraft, as well as letters of intent and ‘joint cooperation’ between Qatar and the U.S. The emir also signed an intent agreement to purchase MQ-9 drone aircraft.

Al Thani said he had a ‘great’ conversation with Trump prior to the signing ceremony on Wednesday, adding that the agreements have elevated the U.S.-Qatar relationship to ‘another level.’

The deepening U.S. relationship with Qatar has drawn fresh scrutiny this week, both due to Trump’s visit and amid reports that his administration may accept a free jet from the Qatari royal family to temporarily replace the current Air Force One.

The prospect has drawn bipartisan pushback, which Trump has met with indifference. 

‘Qatar is not, in my opinion, a great ally. I mean, they support Hamas. So what I’m worried about is the safety of the president,’ Sen. Rick Scott, R-Fla., told reporters on Tuesday.

U.S. relations with Doha have come a long way since 2017, when Trump accused Qatar of harboring terrorism: ‘The nation of Qatar, unfortunately, has historically been a funder of terrorism at a very high level,’ Trump said at the time.

From there, Qatar became a major non-NATO ally to the U.S. in 2022 under President Joe Biden and is home to Al Udeid Air Base, one of the U.S.’s largest Middle Eastern bases and a key hub for U.S. Central Command operations. 

Qatar has been at the forefront of peace and hostage negotiations, especially in the war between Israel and Hamas. An Israeli delegation traveled to Doha on Tuesday to hash out a potential agreement on a hostage exchange and ceasefire in the Gaza Strip.

In March, weeks of negotiations led by U.S. and Qatari mediators led to the release of American George Glezmann, who had been imprisoned by the Taliban in Afghanistan for more than two years. Doha’s negotiators were also involved in the U.S.-Hamas deal to release the last living American hostage, Edan Alexander, on Monday.

The Trump Organization has also cinched a new deal to build a luxury golf resort in Qatar, partnering with Qatari Diar, a real estate company backed by that country’s sovereign wealth fund.

Fox News’ Morgan Phillips contributed to this report.

This post appeared first on FOX NEWS
Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Investing

    Overview Rua Gold (CSE:RUA,OTC:NZAUF,WKN:A4010V,OTCQB:NZAUF) is a gold exploration company focused on two prolific, historic gold-producing regions in New Zealand: Hauraki Goldfield and Reefton Goldfield....

    Editor's Pick

    Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...

    Stock

    Warner Bros. Discovery said Thursday its streaming platform Max added 7.2 million global subscribers in the third quarter. It marked the biggest quarterly growth for...

    Editor's Pick

    Former independent presidential candidate Robert F. Kennedy Jr. is back in the headlines — not for suspending his campaign last week and endorsing Republican...

    Disclaimer: wisetradeinvesting.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.