Latest news with #defenseCooperation
Bloomberg
27-05-2025
- Business
- Bloomberg
Macron Courts Southeast Asia Nations Trapped by US-China Dispute
French President Emmanuel Macron is spearheading the latest effort by European leaders to woo Southeast Asian nations worried about becoming collateral damage in the US trade war and security disputes between Washington and Beijing. Macron already announced €9 billion ($10.3 billion) in deals and promises of closer defense cooperation on a visit to Vietnam on Monday. He'll aim to build on that momentum later this week in Indonesia and then in Singapore, where he's giving a keynote address to the annual Shangri-La Dialogue security forum on Friday.
Asharq Al-Awsat
13-05-2025
- Business
- Asharq Al-Awsat
Mohammed bin Salman, Trump Sign Economic Strategic Partnership Agreement
Prince Mohammed bin Salman, Saudi Crown Prince and Prime Minister, and US President Donald Trump chaired in Riyadh on Tuesday the Saudi-American summit that reviewed several joint files. The leaders then signed an economic strategic partnership agreement. They also oversaw the signing of several agreements between their countries in various fields. They include: A memorandum of understanding for energy cooperation between the Saudi Ministry of Energy and US Department of Energy, exchanged by Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz and US Secretary of Energy Chris Wright. A memorandum of intent for the modernization and development of the capabilities of the Saudi Armed Forces through future defense capabilities between the Saudi Ministry of Defense and US Department of Defense, exchanged by Saudi Minister of Defense Prince Khalid bin Salman bin Abdulaziz and US Secretary of Defense Pete Hegseth. Speaking at the Saudi-US investment forum later, Crown Prince Mohammed said: 'What we have signed today is part of larger ambition.' 'We hope to continue to build with you President Trump,' he added to the US leader who was among the guests. 'We hope for $600 billion investments opportunities and hopefully raised to $1 trillion.' Also announced were the following agreements: A memorandum of cooperation in the field of mining and mineral resources between the Saudi Ministry of Industry and Mineral Resources and US Department of Energy. A letter of intent to complete work and enhance joint cooperation on ammunition, training, support services, maintenance, systems modernization, spare parts, and education for the Saudi Ministry of the National Guard's land and air systems. A memorandum of understanding between the International Partnership Program of the Saudi Ministry of Interior and the Federal Bureau of Investigation (FBI) of the US Department of Justice. A letter of intent between the Saudi Ministry of Defense and US Department of Defense regarding the development of the health capabilities of the Saudi Armed Forces. A memorandum of understanding for judicial cooperation between the Saudi Ministry of Justice and the US Department of Justice. An executive agreement between the Saudi Space Agency and NASA for cooperation on the Space Weather CubeSat on the Artemis II Mission. A Customs Mutual Assistance Agreement. A Protocol of Amendment to the Saudi Arabia-US Air Transport Agreement. A memorandum of understanding for cooperation between the Saudi National Institute of Health Research and US National Institute of Allergy and Infectious Diseases in the field of medical research on infectious diseases. A collaboration agreement between the Royal Commission for AlUla and the Smithsonian Institute through its National Zoo and Conservation Biology Institute. A collaboration agreement between the Royal Commission for AlUla and the Smithsonian Institute through its National Museum of Asian Art. Prior to the meeting, Crown Prince Mohammed had welcomed Trump at the Royal Court in the Al-Yamamah Palace in Riyadh. An official reception ceremony was held, featuring an Arabian horse escort for the presidential motorcade, a trumpet fanfare, as well as the rendition of the American and Saudi national anthems. Following the ceremony, the Crown Prince escorted the president to the main reception hall, where both leaders enjoyed traditional Saudi coffee and exchanged greetings with members of each other's delegations. The Crown Prince then hosted an official luncheon in honor of Trump. Trump had arrived in the Kingdom earlier on Tuesday on his first overseas trip since his reelection. He will later visit the United Arab Emirates and Qatar.
