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e& CEO: Expect US partnerships to continue amidst Gulf Tour
ByAinvest
Thursday, May 8, 2025 3:33 am ET1min read
e& Group CEO Hatem Dowidar expects US partnerships to continue, as President Donald Trump hints at easing chip exports to Gulf countries ahead of his tour in Saudi Arabia, Qatar, and the UAE. Dowidar discusses e& company earnings, investments, and potential expansion plans on 'Access Middle East'.
WASHINGTON: President Donald Trump hinted at a potential easing of microchip export restrictions to some Gulf countries ahead of his upcoming diplomatic tour in Saudi Arabia, Qatar, and the UAE. Speaking on Wednesday, Trump indicated that an announcement regarding the potential easing of export controls could be made soon [1].The Biden administration had previously imposed strict controls on the export of American AI chips to the Middle East due to concerns that these semiconductors could be diverted to China and used to bolster Beijing's military capabilities. However, Trump has expressed a desire to improve ties with certain countries in the region, suggesting that the easing of export restrictions could be part of this strategy.
MIDDLE EAST EXPANSION PLANS
In a separate development, e& Group CEO Hatem Dowidar recently discussed the company's earnings, investments, and potential expansion plans on 'Access Middle East'. Dowidar expressed optimism about the continued growth of US partnerships, particularly in light of the potential easing of chip export restrictions. He noted that e& Group has been actively pursuing opportunities in the Middle East and expects these partnerships to continue growing.
Dowidar's comments come as Sheetz, a convenience store chain, continues to expand its footprint in Michigan. The company recently received approval for new locations in Macomb Township, Warren, Farmington Hills, and Novi, with plans to open these stores in 2026 [2]. Despite pushback from local gas station owners and residents over concerns about increased traffic, crime, and the potential closure of local businesses, Sheetz has continued to secure approvals for additional locations, with more than a dozen new stores planned across the state.
FINANCIAL IMPLICATIONS
The potential easing of chip export restrictions could have significant financial implications for both the US and Middle Eastern economies. For e& Group, the continued growth of US partnerships in the region could lead to increased investments and potential expansion plans. However, the actual impact will depend on the specifics of any announced changes to export controls.
REFERENCES
[1] https://www.zawya.com/en/economy/gcc/trump-signals-us-might-ease-chip-export-curbs-on-some-gulf-countries-g39cikfk
[2] https://www.crainsdetroit.com/retail/sheetz-plans-add-3-more-stores-michigan-push
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