Trump has had a close relationship with the crown prince, Mohammed Bin Salman, even as his real estate company does major deals with oil-rich kingdom.
Riyadh: One of the most discussed issues after Donald Trump took the office of US President is Abraham Accords. Now it is expected that Saudi Arabia will also join the Abraham Accord. Under this, Israel's relations with many Arab countries including the UAE have been normalized.
The comments from Crown Prince Mohammed bin Salman came after President Donald Trump mused about returning to the kingdom as his first foreign trip.
Saudi Arabia’s Mohammed bin Salman told President Donald Trump that he plans to invest $600 billion over the next four years.
While addressing the World Economic Forum in Davos one day later, Trump said that he will ask MBS, whom he called a “fantastic guy”, to round up the $600bn pledge to “around $1trn”. Trump asserted that the Saudis would do this “because we’ve been very good to them”.
U.S. President Donald Trump told global business leaders on Thursday they should manufacture products in the United States to avoid import tariffs and enjoy low tax rates.
"Come make your product in America and we will give you among the lowest taxes of any nation on earth ... But if you don't make your product in America, which is your prerogative, then very simply you will have to pay a tariff," Trump said.
The kingdom has also reoriented its spending from overseas into its domestic market. One indicator of this was that in 2024, the UAE’s Mubadala surpassed Saudi Arabia’s Public Investment Fund (PIF) as the world’s most active sovereign wealth fund.
Saudi Arabia's Crown Prince announced Thursday that the kingdom is set to invest $600 billion in the United States over the next four years.
WASHINGTON – President Donald Trump’s first call with a foreign head of state since taking office was with Crown Prince Mohammed Bin Salman of Saudi Arabia, a country with which Trump and his ...
Global energy market prices are expected to decline as new US president Donald Trump recently announced plans to increase domestic production of oil and gas, according to the weekly global oil market report issued by national oil and gas conglomerate PTT Plc.