Qatar Will Buy Boeing Jets — After Donating 747 To Trump
By: bitcoin ethereum news|2025/05/15 03:45:05
0
Share
Topline Qatar Airways will buy 210 jets from Boeing, the companies announced Wednesday during President Donald Trump’s visit there, as Trump is expected to accept a $400 million jet from the country, despite bipartisan criticism of security and conflict-of-interest concerns. Qatar’s Emir Sheikh Tamim bin Hamad al-Thani (R) receives US President Donald Trump in the Qatari ... More capital of Doha on May 14, 2025. (Photo by BRENDAN SMIALOWSKI/AFP via Getty Images) Key Facts Boeing signed the agreement alongside Trump and the emir of Qatar, Sheikh Tamim bin Hamad Al Thani, shortly after Trump’s arrival there—his second stop on a four-day tour of the region where the U.S. and American business executives have inked billions in deals. Trump said during the signing Qatar Airways agreed to buy 160 jets, but the White House later corrected Trump’s originally stated figure in a fact sheet. The visit comes as Qatar has offered to donate a $400 million luxury jet for Trump’s use while Boeing builds new Air Force Ones. Trump, who has a well-known fascination with large jets, has insisted he will accept the gift—despite growing bipartisan concerns, even among some of his staunchest supporters—telling reporters earlier this week he would be “stupid” not to take the plane. Ahead of Wednesday’s visit, he defended the expected gift on Truth Social, sharing a post comparing it to the Resolute Desk, a gift from the U.K.’s Queen Victoria, and the Statue of Liberty, a gift from France, and questioned in another post “why should our military, and therefore our taxpayers, be forced to pay hundreds of millions of Dollars when they can get it for FREE,” adding “only a FOOL would not accept this gift.” As Trump spends the day in Qatar, the Democratic National Committee said it will fly a “Qatar-a-Lago” banner near Trump’s Mar-a-Lago club in Palm Beach. Tangent Trump’s personal business in the Middle East, including Qatar, has come under heightened scrutiny ahead of his four-day visit to the region. The MGX investment fund, backed by the Emirati government, recently invested $2 billion in Binance using stablecoin from Trump’s World Liberty Financial crypto project. Trump told The New York Times Wednesday from Air Force One, en route to Qatar, he didn’t “know anything about” the deal, but said “I’m a big crypto fan, I will tell you.” Trump is set to conclude his visit to the Middle East in the United Arab Emirates Thursday. Key Background Trump traveled to Qatar Wednesday afternoon following a two-day stop in Saudi Arabia. There, Trump announced the Saudis agreed to invest an additional $600 billion in the U.S., including a $142 billion defense contract and billions of dollars in artificial intelligence development. Trump was joined in Saudi Arabia by dozens of business executives attending an investment forum coinciding with the visit, including Elon Musk, OpenAI’s Sam Altman and Palantir’s Alex Karp. Qatar’s plans to gift Trump a Boeing 747-8 have largely overshadowed his visit to the Middle East. Both Democrats and Republicans have raised concerns that the plane—which could be the largest foreign gift to the federal government in history—could tee Trump up for a quid-pro-quo situation with the Qatari government or present security risks. Trump has insisted the plane would be gifted to the Department of Defense, not him personally, and that he would not use it once it’s donated to his presidential library after leaving office. The White House has said it is reviewing the legality of the donation. Further Reading Trump Middle East Visit: Musk, Altman And Other Billionaires Join Trump In Saudi Arabia, Inking Billions In Deals (Forbes) Republicans Question Trump’s Plan To Accept Luxury Plane Gift From Qatar (Forbes) It’s Huge! Trump’s Jumbo Jet Obsession Through The Years (Forbes) Source: https://www.forbes.com/sites/saradorn/2025/05/14/trump-meets-emir-of-qatar-as-he-insists-on-gifted-plane-amid-qatar-a-lago-criticism/
You may also like

Kalshi's eight-year entrepreneurial history: A boxer in a suit steps onto the stage
If you know where to go, the whole world will make way for you.

Once you're over 25, you're already too old to be playing with meme coins.
Pump.fun, the world's largest 24-hour online esports platform

Four New Frontlines Post Ceasefire | Rewire News Daily Brief
Rate Cut Window Pushed Beyond Year End

Holmez accepts Bitcoin for toll payment, how much can Iran earn?
When you stretch the numbers and do the math, the answer turns out to be unexpectedly small

When No One on the Team Wants to Sell: The Valuation Game at Anthropic Enters the “Seller Disappearance” Stage
Anthropic's stock, priced at $350 billion, some want to buy but can't buy enough, some can sell but unwilling to sell.

Anthropic's new product, powerful enough to make the AI Agent Infrastructure team unemployed?
All-inclusive infrastructure, pay-as-you-go pricing, a cloud-based AI agent working for you 24/7.

Trump Admin's $950 Million Bet on Oil Price Plunge Before Ceasefire Turned Crude Market into Insider Trading Heaven
19:45 GMT is a tricky timepoint

Why Did Trump Take the US into War with Iran?
Here is the inside story of how he made this key decision

From Threat to Ceasefire: How Did the U.S. Lose Its Dominance?
A war that cannot be won must be negotiated.

How long can the Ethereum ecosystem survive after the launch of Mythos?
AI dimensionality reduction strikes Ethereum, Mythos instantly breaches cross-contract vulnerabilities rendering traditional audits ineffective, and $68 billion in locked funds faces a life-and-death test of "defensive vacuum."

Morning News | Yi Lihua establishes AI fund OpenX Labs; Pharos Network completes $44 million Series A financing; Iran demands that Hormuz tankers pay Bitcoin as tolls
Overview of Important Market Events on April 8th

Ray Dalio's new article: The world is entering a war cycle
We are in a world war that will not end in the short term.

IOSG: When Fintech Meets Crypto Native: The Next Decade of Digital Finance
Header: FinTech is increasingly integrating stablecoins and blockchain infrastructure into core products, reshaping the global payment landscape.

They knew in advance that Trump would tweet about a ceasefire, entered with $20k, and exited with $400k.
They turned the war into a compounding investment

The biggest bottleneck in DeFi development
Today, the biggest threat facing DeFi is not just market conditions or liquidity; in terms of security, it also requires more than just preventing code vulnerabilities, because spies may be lurking nearby.

CZ Memoir Released: Reveals a Large Amount of Industry Insider Information, Prompting Intense Rebuttal from Xu Mingxing
As one of the most influential figures in the cryptocurrency industry today, Zhao Changpeng has personally experienced the difficult development journey of Binance and the cryptocurrency industry in its early years, which brings many little-known insider stories and details to this book, adding plen...

a16z: After securities are on the blockchain, why will intermediary institutions be replaced by code?
Writing transactions and settlements into code, the securities market begins to break free from intermediaries.

XRP Tokyo Is Here: What We Learn and What’s Next for XRP Price
Key Takeaways: Ripple’s 2025 XRP Tokyo event highlights a projected $33 trillion on-chain stablecoin volume by 2026. Significant…
Kalshi's eight-year entrepreneurial history: A boxer in a suit steps onto the stage
If you know where to go, the whole world will make way for you.
Once you're over 25, you're already too old to be playing with meme coins.
Pump.fun, the world's largest 24-hour online esports platform
Four New Frontlines Post Ceasefire | Rewire News Daily Brief
Rate Cut Window Pushed Beyond Year End
Holmez accepts Bitcoin for toll payment, how much can Iran earn?
When you stretch the numbers and do the math, the answer turns out to be unexpectedly small
When No One on the Team Wants to Sell: The Valuation Game at Anthropic Enters the “Seller Disappearance” Stage
Anthropic's stock, priced at $350 billion, some want to buy but can't buy enough, some can sell but unwilling to sell.
Anthropic's new product, powerful enough to make the AI Agent Infrastructure team unemployed?
All-inclusive infrastructure, pay-as-you-go pricing, a cloud-based AI agent working for you 24/7.
