The China Mail - Trump boasts Saudi business deals as he basks in royal welcome

USD -
AED 3.67298
AFN 69.911879
ALL 88.480839
AMD 388.08015
ANG 1.790224
AOA 916.497519
ARS 1124.500038
AUD 1.549067
AWG 1.8025
AZN 1.709743
BAM 1.760475
BBD 2.01821
BDT 121.44561
BGN 1.756399
BHD 0.376961
BIF 2973.954606
BMD 1
BND 1.304667
BOB 6.906795
BRL 5.623698
BSD 0.999608
BTN 85.262414
BWP 13.645733
BYN 3.271208
BYR 19600
BZD 2.00784
CAD 1.398265
CDF 2869.999797
CHF 0.841415
CLF 0.024561
CLP 942.509851
CNY 7.2033
CNH 7.200915
COP 4218.47
CRC 507.95051
CUC 1
CUP 26.5
CVE 99.254232
CZK 22.355025
DJF 177.997606
DKK 6.68405
DOP 58.725308
DZD 133.476995
EGP 50.461034
ERN 15
ETB 132.91142
EUR 0.896045
FJD 2.265102
FKP 0.758117
GBP 0.75411
GEL 2.745014
GGP 0.758117
GHS 12.97501
GIP 0.758117
GMD 72.185616
GNF 8644.084937
GTQ 7.676855
GYD 208.831209
HKD 7.79571
HNL 25.850093
HRK 6.753098
HTG 130.551477
HUF 362.181066
IDR 16621.778006
ILS 3.561597
IMP 0.758117
INR 85.286648
IQD 1308.750205
IRR 42249.999657
ISK 130.559684
JEP 0.758117
JMD 158.647385
JOD 0.709294
JPY 147.895022
KES 129.273661
KGS 87.450012
KHR 4005.603722
KMF 432.742967
KPW 899.995499
KRW 1419.749442
KWD 0.307561
KYD 0.831723
KZT 510.584696
LAK 21579.899499
LBP 89417.197299
LKR 298.308077
LRD 199.620755
LSL 18.294547
LTL 2.95274
LVL 0.60489
LYD 5.469605
MAD 9.335974
MDL 17.233399
MGA 4478.082969
MKD 55.383519
MMK 2099.484484
MNT 3573.897983
MOP 8.011224
MRU 39.576319
MUR 46.200002
MVR 15.438599
MWK 1730.811193
MXN 19.479919
MYR 4.338501
MZN 63.830001
NAD 18.295948
NGN 1601.759727
NIO 36.742251
NOK 10.377805
NPR 135.656652
NZD 1.687749
OMR 0.384977
PAB 1
PEN 3.646011
PGK 4.106745
PHP 55.829996
PKR 280.971339
PLN 3.796066
PYG 7974.852027
QAR 3.641932
RON 4.572898
RSD 105.588895
RUB 80.349638
RWF 1428.782309
SAR 3.750748
SBD 8.350849
SCR 14.211704
SDG 600.497294
SEK 9.73498
SGD 1.303154
SHP 0.785843
SLE 22.750123
SLL 20969.495457
SOS 570.419531
SRD 36.199503
STD 20697.981008
SVC 8.733172
SYP 13003.313899
SZL 18.292705
THB 33.307505
TJS 10.400007
TMT 3.5
TND 3.037043
TOP 2.40776
TRY 38.773697
TTD 6.77531
TWD 30.472498
TZS 2696.000361
UAH 41.462524
UGX 3652.679524
UYU 41.777225
UZS 12885.066485
VES 92.714987
VND 25957
VUV 119.97318
WST 2.778545
XAF 587.638236
XAG 0.030387
XAU 0.000308
XCD 2.700001
XDR 0.720178
XOF 587.638236
XPF 106.903188
YER 244.710951
ZAR 18.364201
ZMK 9001.199323
ZMW 26.279733
ZWL 321.999592
  • CMSC

    -0.0200

    22.06

    -0.09%

  • JRI

    -0.1800

    12.83

    -1.4%

  • BCE

    -0.5800

    21.98

    -2.64%

  • BCC

    0.2550

    93.355

    +0.27%

  • RBGPF

    0.8100

    63.81

    +1.27%

  • SCS

    -0.1150

    10.705

    -1.07%

  • RYCEF

    0.2200

    10.6

    +2.08%

  • NGG

    -0.1500

    67.38

    -0.22%

  • RIO

    1.0200

    62.43

    +1.63%

  • RELX

    0.5600

    52.39

    +1.07%

  • VOD

    0.0050

    9.075

    +0.06%

  • CMSD

    0.0380

    22.338

    +0.17%

  • BP

    0.5300

    30.72

    +1.73%

  • BTI

    -0.4100

    40.57

    -1.01%

  • GSK

    -1.0630

    36.307

    -2.93%

  • AZN

    -1.4400

    67.51

    -2.13%

Trump boasts Saudi business deals as he basks in royal welcome
Trump boasts Saudi business deals as he basks in royal welcome / Photo: © AFP

Trump boasts Saudi business deals as he basks in royal welcome

US President Donald Trump on Tuesday trumpeted major business deals with Saudi Arabia as he basked in a lavish royal welcome on the first state visit of his second term.

Text size:

The Saudi hosts escorted Air Force One into the kingdom with fighter jets before bringing out long-stretching guards of honour and sending flag-waving horseback cavalry to accompany Trump's motorcade to the palace.

Under imposing chandeliers, Trump welcomed a promise by Saudi Arabia's de facto ruler, Crown Prince Mohammed bin Salman, for $600 billion in investment and quipped that it should be $1 trillion.

"We have the biggest business leaders in the world here today and they're going to walk away with a lot of cheques," Trump told the prince.

For "the United States, it's probably two million jobs that we're talking about," Trump said.

With cameras rolling, a lengthy procession of Saudi royalty and business figures waited their turn to shake hands with Trump and the crown prince, including Elon Musk, the world's richest person and close advisor to Trump who made a rare appearance in a suit.

Trump will address an investment forum in Riyadh where specifics of deals are expected to be announced.

He will head later in the week head to Qatar and the United Arab Emirates, fellow oil-rich Arab monarchies with long-standing ties to the United States.

In choosing the Gulf for his first major tour, the 78-year-old billionaire is again bypassing traditional presidential stops in Western allies, some of which have been unnerved by his norms-shattering diplomacy.

Eight years ago Trump also chose Saudi Arabia for his first overseas trip -- when he posed with a glowing orb and participated in a sword dance.

Trump's embrace of the Saudis contrasts with a more hesitant initial approach by former president Joe Biden, who had vowed to punish the crown prince after US intelligence found that he ordered the murder of dissident Saudi journalist Jamal Khashoggi in 2018.

Trump reminisced with the 39-year-old crown prince of their first meeting, saying he was "so impressed with this young guy who was very wise beyond his years".

- Saudis seek image change -

Since Khashoggi's gruesome killing, Saudi Arabia has worked aggressively to change its image, from easing restrictions on women to pursuing initiatives in new areas such as artificial intelligence.

Saudi Arabia has also increasingly exercised diplomatic clout, serving as a venue for the United States to pursue talks with Ukraine and Russia.

Qatar and the United Arab Emirates have also sought outsized international roles, with the Qataris serving as a mediator along with the United States and Egypt in the Israel-Hamas conflict.

Jon Alterman, senior vice president at the Center for Strategic and International Studies, said that for Trump, the Gulf "is his happy place".

"His hosts will be generous and hospitable. They'll be keen to make deals. They'll flatter him and not criticise him. And they'll treat his family members as past and future business partners," he said.

According to a Saudi official close to the defence ministry, Riyadh will push for securing the latest US F-35 fighter jets along with state-of-the-art air defence systems worth billions of dollars.

"We will condition that the deliveries take place during Trump's term," the source told AFP.

- Lavish plane -

Not to be outdone, Qatar has offered a luxury Boeing aircraft for Trump to refurbish as Air Force One and then use personally after he leaves the White House.

Trump's Democratic rivals have called the gift blatant corruption. Trump has hit back that it was "very public and transparent" and said: "I would never be one to turn down that kind of an offer."

An ultimate prize, pushed both by Trump and Biden, has been to persuade Saudi Arabia, home of Islam's holiest sites, to take the landmark step of recognising Israel.

But Israel normalisation is not likely to feature high on the agenda on Trump's trip, with Riyadh insisting a Palestinian state must be established first.

Israel has cut off all food and other supplies to Gaza for more than two months as it pursues a new offensive against Hamas militants.

The United States, which has quietly been frustrated with its ally, negotiated directly with Hamas to secure the release of a hostage with US citizenship, Edan Alexander, to whom Trump spoke by telephone Tuesday.

Iran will likely feature prominently in the talks in the Gaza, following the Trump administration's fourth round of nuclear negotiations with Tehran at the weekend.

Both sides have voiced hope but the United States on Monday imposed fresh sanctions targeting Iran's suspect nuclear programme.

K.Leung--ThChM