Dubai's main share index rose to a record high on Friday, settling up 1.05%, as a slew of business deals between the United Arab Emirates and the United States boosted investor confidence.

US President Donald Trump will meet with American and Emirati business leaders on the final day of his Gulf tour. The US-UAE Business Council breakfast this morning at Qasr Al Watan follows the White House announcement of $200 billion worth of deals with the Emirates.

Trump and Sheikh Mohammed praised each other at a meeting prior to the dinner, with Trump receiving a medal for Trump’s “exceptional efforts” to strengthen the relationship between the two countries.

President Donald Trump has arrived in Abu Dhabi, United Arab Emirates, for the final leg of his Middle East trip. At 10:30 a.m., Trump will participate in a United Arab Emirates state visit. So far, the Trump administration has reported the trip has yielded a major diplomatic breakthrough with Syria and deals for United States firms.