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

USD -
AED 3.672499
AFN 68.683677
ALL 83.476424
AMD 383.330901
ANG 1.789783
AOA 917.000306
ARS 1359.035201
AUD 1.542662
AWG 1.8
AZN 1.697058
BAM 1.679101
BBD 2.021515
BDT 122.167944
BGN 1.682305
BHD 0.377029
BIF 2993.148803
BMD 1
BND 1.28842
BOB 6.948892
BRL 5.41392
BSD 1.003469
BTN 87.826236
BWP 13.428402
BYN 3.392229
BYR 19600
BZD 2.013101
CAD 1.38527
CDF 2867.999768
CHF 0.806605
CLF 0.024538
CLP 962.629793
CNY 7.151499
CNH 7.162405
COP 4025.75
CRC 505.254301
CUC 1
CUP 26.5
CVE 94.665133
CZK 21.116399
DJF 178.687638
DKK 6.41982
DOP 62.407706
DZD 129.958725
EGP 48.559985
ERN 15
ETB 142.748229
EUR 0.860097
FJD 2.26665
FKP 0.74134
GBP 0.742565
GEL 2.694994
GGP 0.74134
GHS 11.087836
GIP 0.74134
GMD 71.499098
GNF 8699.646279
GTQ 7.694091
GYD 209.934838
HKD 7.801095
HNL 26.286328
HRK 6.483696
HTG 131.303071
HUF 341.780497
IDR 16312
ILS 3.380265
IMP 0.74134
INR 87.705098
IQD 1314.657578
IRR 42062.492388
ISK 123.329997
JEP 0.74134
JMD 160.711219
JOD 0.70904
JPY 147.587964
KES 129.249947
KGS 87.370599
KHR 4024.039493
KMF 417.000207
KPW 899.980721
KRW 1397.085013
KWD 0.30566
KYD 0.836209
KZT 537.243085
LAK 21760.332423
LBP 90331.991174
LKR 303.064124
LRD 201.184753
LSL 17.6059
LTL 2.95274
LVL 0.60489
LYD 5.444852
MAD 9.036994
MDL 16.777705
MGA 4408.595688
MKD 52.833558
MMK 2099.202559
MNT 3597.80022
MOP 8.07373
MRU 39.827089
MUR 45.96978
MVR 15.399323
MWK 1740.01511
MXN 18.66086
MYR 4.218971
MZN 63.950249
NAD 17.6059
NGN 1534.009847
NIO 36.926062
NOK 10.17605
NPR 140.527407
NZD 1.71117
OMR 0.384502
PAB 1.003434
PEN 3.512135
PGK 4.242934
PHP 57.0065
PKR 284.675515
PLN 3.668451
PYG 7272.680443
QAR 3.647267
RON 4.347699
RSD 100.774967
RUB 80.449343
RWF 1453.003194
SAR 3.752152
SBD 8.217066
SCR 14.782029
SDG 600.497256
SEK 9.598889
SGD 1.285945
SHP 0.785843
SLE 23.302481
SLL 20969.49797
SOS 573.508706
SRD 38.22981
STD 20697.981008
STN 21.034376
SVC 8.780199
SYP 13002.330428
SZL 17.600041
THB 32.462002
TJS 9.592634
TMT 3.51
TND 2.925678
TOP 2.3421
TRY 41.028798
TTD 6.818455
TWD 30.542016
TZS 2495.000016
UAH 41.624698
UGX 3574.893328
UYU 40.213085
UZS 12399.660025
VES 139.25164
VND 26357.5
VUV 119.048289
WST 2.67662
XAF 563.169237
XAG 0.02587
XAU 0.000296
XCD 2.70255
XCG 1.808395
XDR 0.700396
XOF 563.164402
XPF 102.387555
YER 240.175004
ZAR 17.640275
ZMK 9001.202165
ZMW 23.374572
ZWL 321.999592
  • RBGPF

    0.0000

    75.55

    0%

  • CMSC

    0.0500

    23.8

    +0.21%

  • JRI

    -0.0200

    13.43

    -0.15%

  • NGG

    -0.9200

    70.49

    -1.31%

  • RELX

    -0.6500

    47.79

    -1.36%

  • RIO

    -0.3600

    62.33

    -0.58%

  • BTI

    -0.7100

    57.8

    -1.23%

  • AZN

    -1.3100

    79.66

    -1.64%

  • SCS

    -0.1100

    16.39

    -0.67%

  • BCC

    -1.2400

    89.98

    -1.38%

  • GSK

    -0.5500

    39.64

    -1.39%

  • RYCEF

    -0.1100

    14.18

    -0.78%

  • CMSD

    0.0700

    24.02

    +0.29%

  • VOD

    -0.0500

    11.87

    -0.42%

  • BP

    0.2300

    34.97

    +0.66%

  • BCE

    -0.2700

    25.22

    -1.07%

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