Latest news with #economicDeals
Fox News
17-05-2025
- Business
- Fox News
From Washington: President Trump's Middle East Deals And Diplomacy
This week, President Trump wrapped up a monumental trip to the Middle East, meeting with leaders in Saudi Arabia, Qatar, and the United Arab Emirates. There, the President cemented massive economic deals and strengthened relations with Gulf countries. Michael Allen, founder and Managing Director of Beacon Global Strategies, reacts to the trip and discusses what it means for American diplomacy in the Middle East. Later, Food & Drug Administration Commissioner Dr. Marty Makary explains why drug prices are so high and how President Trump's executive order will cut pharmaceutical costs. Learn more about your ad choices. Visit
The Guardian
13-05-2025
- Business
- The Guardian
Donald Trump lands in Saudi Arabia as Gulf visit to seek economic deals begins
Trump in Riyadh for four-day Gulf tour Show key events only Please turn on JavaScript to use this feature US President Donald Trump has arrived in Saudi Arabia to kick off a four-day tour through the Gulf region, focusing on economic deals rather than the security crises ranging from war in Gaza to the threat of escalation over Iran's nuclear programme. Tesla CEO and Trump adviser Elon Musk, as well as business leaders including BlackRock CEO Larry Fink and Citigroup CEO Jane Fraser are travelling with the president. Secretary of State and National Security Adviser Marco Rubio and Defence Secretary Pete Hegseth are also among those on the trip. Trump will first visit Riyadh, site of a Saudi-US Investment Forum, heading to Qatar on Wednesday and the United Arab Emirates on Thursday. During the Riyadh stop, Trump is expected to offer Saudi Arabia an arms package worth well over $100 billion, sources told Reuters, which could include a range of advanced weapons, including C-130 transport aircraft. President Donald Trump walks with Saudi Crown Prince Mohammed bin Salman during an arrival ceremony at the Royal Terminal of King Khalid International Airport in Riyadh, Saudi Arabia. Photograph: Alex Brandon/AP In other developments: Trump has said he will not be travelling to Israel but said he may travel to Turkey on Thursday for potential face-to-face talks between Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy. Trump has pushed back on criticism for accepting the gift of a $400m (£303m) plane from Qatar's royal family to replace Air Force One. He claimed it would be 'stupid' not to accept the gift. He has said it is 'a very public and transparent transaction'. Share
Free Malaysia Today
13-05-2025
- Business
- Free Malaysia Today
Trump starts Gulf visit seeking big economic deals
Qatar's royal family is expected to gift US President Donald Trump a luxury Boeing 747-8 plane, to be outfitted for use as Air Force One. (EPA Images pic) RIYADH : US President Donald Trump will arrive in Saudi Arabia tomorrow morning to kick off a four-day swing through the Gulf region, a trip that will focus more on economic deals than on the security crises besetting the region, from the war in Gaza to the threat of escalation over Iran's nuclear programme. With a who's who of powerful American business leaders in tow, including Tesla CEO and Trump adviser Elon Musk, Trump will first visit Riyadh – where the Saudi-US Investment Forum is taking place, and continue to Qatar on Wednesday and the UAE on Thursday. Trump has also said he may travel on Thursday to Turkey for potential face-to-face talks between Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy. Trump's second foreign trip since taking office again – his first was to Rome for Pope Francis' funeral – comes during a moment of geopolitical tension. In addition to pressing for a settlement to the war in Ukraine, the Trump administration is pushing for a new aid mechanism for war-torn Gaza and urging Israeli Prime Minister Benjamin Netanyahu to agree a new ceasefire deal there. Over the weekend, US and Iranian negotiators met in Oman to discuss a potential deal to curb Tehran's nuclear programme. Trump has threatened military action against Iran if diplomacy fails. However, potential Turkey side trip aside – those matters are not the focus of Trump's Middle East swing as it is currently scheduled. The US, Saudi Arabia, Qatar and the UAE are expected to announce potentially trillions in investments. Saudi Arabia already committed in January to US$600 billion in investments in the US over the next four years, but Trump has said he will ask for a full trillion. In addition to Musk, business leaders including BlackRock CEO Larry Fink and Citigroup CEO Jane Fraser will make the trip. Secretary of state and national security advisor Marco Rubio and secretary of defense Pete Hegseth will travel with the president. During the Riyadh stop, Trump is expected to offer Saudi Arabia an arms package worth well over US$100 billion, sources told Reuters, which could include a range of advanced weapons including C-130 transport aircraft. The US and Saudi Arabia are expected to avoid the topic of normalisation between Riyadh and Israel altogether, sources told Reuters, even as it is Trump's most enduring geopolitical goal in the region. Trump's Middle East envoy Steve Witkoff said last week that he imminently expected progress on expanding the Abraham Accords, a set of deals brokered by Trump in his first term under which Arab states including the UAE, Bahrain, Sudan and Morocco recognised Israel. However, opposition by Netanyahu to a permanent stop to the war in Gaza or to the creation of a Palestinian state makes progress on similar talks with Riyadh unlikely, sources told Reuters. Trump's second and third stops – in Qatar and the UAE, respectively – are similarly expected to focus on economic issues. Qatar's royal family is expected to gift Trump a luxury Boeing 747-8 plane to be outfitted for use as Air Force One, an arrangement that has been met with scrutiny by ethics experts. Trump is expected to donate the plane to his presidential library for use after his term ends.
