Eric Trump has expressed optimism about the United Arab Emirates’ economic resilience amid rising global trade tensions. In an interview with Reuters on Tuesday during a visit to Dubai, the son of U.S. President Donald Trump said the UAE’s “service-oriented, capital-intensive economy” makes it more insulated from the direct impact of recently reintroduced U.S. tariffs.
“Dubai, like the entire world, thrives on a healthy, safe world, and that’s what President Trump wants,” Trump said. He emphasized the strategic importance of the region, adding that “the entire Gulf region is dependent on a strong America.”
Trump is in the UAE this week to attend the launch of a new Trump Tower project and to deliver remarks at Token2049 Dubai, a major cryptocurrency conference drawing global investors, developers, and blockchain firms.
The event comes as the UAE deepens its involvement in emerging digital finance markets. In a notable development tied to the region’s growing influence in crypto, Abu Dhabi-based investment firm MGX announced a $2 billion investment into Binance on March 12. The deal marks the first institutional stablecoin investment into the world’s largest crypto exchange—and possibly the largest single funding transaction in the Web3 space to date.
Although Binance declined to specify which stablecoin was used in the deal when asked by Cointelegraph, the investment sent a clear signal about the UAE’s commitment to expanding its role in global crypto finance.
For MGX, the move also represents its first foray into the digital asset sector. The firm is reportedly interested in helping to develop stablecoin infrastructure with major exchanges, and its entry comes at a time when Middle Eastern capital is playing an increasingly prominent role in reshaping the Web3 ecosystem.
Eric Trump’s comments, meanwhile, reflect the Trump administration’s renewed focus on strengthening U.S. strategic and economic ties in the Gulf. While Trump himself has not publicly commented on the MGX-Binance deal, the broader message from his son echoed the administration’s desire to project stability and global leadership.
Speaking on the sidelines of Token2049, Trump noted that Dubai’s continued development as a global financial hub benefits from international cooperation and market confidence. “You can feel the energy here,” he said, referring to Dubai’s growing stature in both luxury real estate and fintech.
The Trump Organization, which has multiple real estate ventures in the UAE, including previous developments in partnership with Dubai-based DAMAC Properties, is looking to further capitalize on that momentum with the new Trump Tower launch this week.
While the global economic landscape faces uncertainty due to tariffs and geopolitical tensions, Eric Trump said the UAE is “uniquely positioned” to weather the storm, citing its diversified economy, proactive leadership, and global investor appeal.
The Trump family’s presence at major regional events—especially in emerging tech and finance spaces—also signals a convergence of legacy power and next-generation capital, with the Gulf as a central player in that evolution.
