Dubai partner ‘very happy’ with Trump, keen to work on more projects

Dubai partner ‘very happy’ with Trump, keen to work on more projects
Dubai developer DAMAC owns the Middle East’s only Trump-branded golf course. (AFP file photo)
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Updated 14 January 2021

Dubai partner ‘very happy’ with Trump, keen to work on more projects

Dubai partner ‘very happy’ with Trump, keen to work on more projects

DUBAI: Donald Trump’s business partner in Dubai on Wednesday said he was interested in expanding their commercial relationship despite the storming of the US Capitol last week.

Trump has faced stinging criticism after encouraging supporters on Jan. 6 to march on the Capitol as Congress met to certify his defeat to Democrat Joe Biden. That led to a violent invasion during which five people died.

“Our relationship with the Trump Organization, and especially with (Trump’s son and Trump Organization executive) Eric Trump and his team, is fabulous and we have no intention to cancel or to change that relation,” DAMAC Properties Chairman Hussain Sajwani said.

Dubai developer DAMAC owns the Middle East’s only Trump-branded golf course, the Trump International Golf Club Dubai, which opened in 2017 and is operated by the Trump Organization.

Sajwani said he was “very, very happy” with the Trump relationship and would love to work together on any golf course projects around the world.

Social media companies suspended Trump’s online accounts in the wake of the Capitol assault, while a Trump-owned golf club in the United States has been stripped of hosting a major tournament. Deutsche Bank, Trump’s biggest lender, will not do business with him in future, the New York Times reported.

“We always stay away from politics and we don’t get involved in politics and we have no view on any political issues. We are a very much commercial organization and his organization has served us well,” Sajwani said.


Saudi Aramco, stc launch Dammam 7 supercomputer

Saudi Aramco, stc launch Dammam 7 supercomputer
Updated 1 min 22 sec ago

Saudi Aramco, stc launch Dammam 7 supercomputer

Saudi Aramco, stc launch Dammam 7 supercomputer
  • This is the next step in Aramco’s digital transformation

Saudi Aramco and stc announced on Tuesday, Jan, 19 the launch of Dammam 7, a new supercomputer among the top ten most powerful in the world.

The supercomputer offers new opportunities in both exploration and development and enhances Aramco’s decision-making on exploration and investment decisions, both companies said in a statement received by Argaam.

This is the next step in Aramco’s digital transformation, complementing a suite of advanced technologies that are reshaping core operations, driving efficiencies and reinforcing its industry leadership in geoscience.

The Dammam 7 supercomputer was developed at Dhahran Techno Valley in partnership with Solutions, a subsidiary of stc Group, and CRAY, a Hewlett Packard Enterprise subsidiary.

It has 55.4 petaflops of peak computing power, allowing it to process and image the world’s largest geophysical datasets.

Aramco President & CEO, Amin Nasser, said: “Dammam 7 supercomputer will help us with breakthroughs as part of our long term “Discovery and Recovery” strategy in our Upstream business.

“This technology that processes complex data faster will enable new discoveries and enhanced recoveries, which are crucial to both ensuring the availability of adequate supply to meet the demand for energy and to cut costs while boosting productivity.”

“Continuous investment in innovative technology is an essential enabler of our Company’s long-term growth strategy, and Dammam 7 is another step in our plan to invest in the right technology that drives production efficiency and resilience,” Nasser added.