US President Donald Trump on Thursday said he may deserve the Nobel Peace Prize for advancing the Abraham Accords under his first term, and that he would be “filling it up” with more countries.
Speaking from the Oval Office during a meeting with Norwegian Prime Minister Jonas Gahr Store, Mr Trump said he believed more countries would soon sign the landmark agreement under which four Arab countries normalised relations with Israel.
“Maybe for the Abraham Accords,” he said in response to a journalist's question over whether he thought he deserved a Nobel Peace Prize. “I don't want to get ahead of myself in this one, but they say for the Abraham Accords.”
The accords were signed at the White House in 2020. The UAE and Bahrain were the first to sign, later followed by Morocco and Sudan.
Former president Joe Biden, whose term began in 2021, tried to expand the agreements to include Saudi Arabia, but efforts ground to a halt amid the war in Gaza.
“We have four [countries] and Biden did nothing on that one too,” Mr Trump said. “It's the same four but they're great countries, and they were brave doing it and it's worked out very well.”
Mr Trump, who is now several months into his second term in office, has vowed to restart efforts to expand the series of treaties.
Next month, he is scheduled to visit Saudi Arabia, the UAE and Qatar in his first major foreign trip. The Abraham Accords are expected to be one of several agenda items.
UAE currency: the story behind the money in your pockets
Hydrogen: Market potential
Hydrogen has an estimated $11 trillion market potential, according to Bank of America Securities and is expected to generate $2.5tn in direct revenues and $11tn of indirect infrastructure by 2050 as its production increases six-fold.
"We believe we are reaching the point of harnessing the element that comprises 90 per cent of the universe, effectively and economically,” the bank said in a recent report.
Falling costs of renewable energy and electrolysers used in green hydrogen production is one of the main catalysts for the increasingly bullish sentiment over the element.
The cost of electrolysers used in green hydrogen production has halved over the last five years and will fall to 60 to 90 per cent by the end of the decade, acceding to Haim Israel, equity strategist at Merrill Lynch. A global focus on decarbonisation and sustainability is also a big driver in its development.
COMPANY%20PROFILE
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PROFILE OF HALAN
Started: November 2017
Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga
Based: Cairo, Egypt
Sector: transport and logistics
Size: 150 employees
Investment: approximately $8 million
Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar
The specs: 2018 Nissan 370Z Nismo
The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
Fuel consumption, combined: 10.5L / 100km
