Tag Archives: Saudi Arabia

Axios reports: President Trump loves nothing more than flashy investment promises, and the Saudis on Monday obliged to the tune of $600 billion. An itemized list provided by the White House doesn’t come close to $600 billion. Instead, it works out to $282.8 billion — nearly 30% of which involves private-sector tech investments “in both countries.” Some of those are …

The Daily Beast reports: Trump landed in Riyadh on Tuesday as part of a four-day diplomatic trip to the Middle East, where he claims he will secure billions in investments and trade agreements with Gulf nations. (He may also pick up a free plane.) But the long red-eye flight from the U.S. appeared to have taken its toll; Trump was …

CNBC reports: Elon Musk said Saudi Arabia has approved Starlink for aviation and maritime use in the region, speaking at an investment forum during a White House-led trip to the kingdom on Tuesday. Starlink is the satellite internet service owned and operated by Musk’s aerospace and defense contractor, SpaceX. Musk also briefly discussed his other business ambitions in the region, …

Reuters reports: U.S. President Donald Trump signed a strategic economic agreement with Saudi Arabia on Tuesday as the oil power rolled out the red carpet for him at the start of a tour of Gulf states aimed at drumming up trillions of dollars in investments. Trump punched the air as he emerged from Air Force One to be greeted by …

The New York Times reports: Saudi Arabia gave President Trump a lavish welcome on Tuesday, rolling out an honor guard, a team of Arabian horses and a delegation of royals and business leaders to kick off the president’s four-day tour through the Gulf, the first major overseas trip of his second term. Mr. Trump stepped off Air Force One at …

Semafor reports: US President Donald Trump will reportedly visit Saudi Arabia in mid-May, his first foreign trip since returning to office. The decision mirrors a move he made at the beginning of his first term, Axios noted, and cements Riyadh’s growing heft in global diplomacy. The kingdom has hosted ceasefire talks between the US, Ukraine, and Russia, and has played …

Axios reports: President Trump’s stunning declaration that the U.S. could “take over” Gaza surprised many of his own advisers, thrilled right-wing Israelis, and deeply alarmed the governments in Saudi Arabia, Egypt and Jordan. Trump’s plan to displace two million Palestinians came at a very sensitive point of the Israel-Hamas ceasefire and hostage deal. It could even embolden both Hamas and …

The New Republic reports: The Trump Organization on Wednesday announced a new project in Saudi Arabia: Trump Tower Jeddah. The two companies have spent about $532 million on this residential apartment site, which is expected to be completed in four years. The Trump Organization relies a lot on Saudi Arabia, as the company’s real estate deals in the United States …

The Hill reports: Former President Trump says the Crown Prince of Saudi Arabia, Mohammed bin Salman, who faces unrelenting criticism over his government’s human rights record, is a “great guy.” “I think it’s fine right now,” Trump said of the U.S.-Saudi relationship in an interview with Al Arabiya. “When I was president, it was great with capital letters. G-R-E-A-T, great.” …

Reuters reports: Gulf states are lobbying Washington to stop Israel from attacking Iran’s oil sites because they are concerned their own oil facilities could come under fire from Tehran’s proxies if the conflict escalates, three Gulf sources told Reuters. As part of their attempts to avoid being caught in the crossfire, Gulf states including Saudi Arabia, the United Arab Emirates …

The Associated Press reports: One of Trump’s longest-term allies, South Carolina Sen. Lindsey Graham, blamed Trump’s ongoing false claims that the 2020 election was rigged to a cult of personality in which the former president’s ensconcement at Mar-a-Lago and circle of aides and advisers “constantly feed this narrative,” according to the book. The weekend after Russia invaded Ukraine, Graham was …

The Washington Post reports: Jared Kushner is seeking to transform a stretch of the Albanian coast into the kind of luxury resort that his father-in-law, former president Donald Trump, would brag about. It would be Kushner’s biggest project yet using part of his roughly $3 billion private equity fund — financed largely by investors in Saudi Arabia and other Mideast …

The Meidas Touch reports:  Trump Org today announced a new deal with Dar Global to develop a new Trump Tower project in Jeddah, Saudi Arabia. “Targeting the luxury Saudi Arabian market and international investors, this development significantly advances Dar Global’s growth strategy of capitalizing on opportunities across key cities in the Kingdom. As the international arm of the Saudi mega-developer …

The New York Times reports: Jared Kushner’s investment fund is not especially large by global finance standards. But as he gets it fully up and running, each step is bringing with it ethical issues that would only grow if his father-in-law, Donald J. Trump, should win another term as president. His $3 billion fund is financed almost entirely from overseas …

The New York Times reports: Former President Donald J. Trump spoke recently with Saudi Arabia’s de facto ruler, Prince Mohammed bin Salman, their first publicly disclosed conversation since Mr. Trump left office in January 2021, according to two people briefed on the discussion who were not authorized to speak publicly about it. If President Biden manages to clinch a trilateral …

The Miami Herald reports: The Herald investigated Suarez’s role in planning a March 2023 trade summit put on by the Saudi kingdom’s sovereign wealth fund, the Public Investment Fund. A review of city emails and the summit’s promotional materials show Suarez and a handful of city staffers helped make the event, at an exhibition hall in Miami Beach, happen. The …

The Washington Examiner reports: House Oversight Committee ranking member Jamie Raskin (D-MD) sent a letter to Chairman James Comer (R-KY) calling on him to compel Jared Kushner, the former president’s son-in-law, to produce documents related to his business ventures in Saudi Arabia. Last June, when Democrats controlled the House, the Oversight Committee launched an investigation into Kushner and his business …

ESPN reports: LIV Golf League officials announced Monday that the $50 million team championship will be played Oct. 20-22 at Trump National Doral, which is owned by former U.S. President Donald Trump. The three-day team championship was originally scheduled to be played Nov. 3-5 at Royal Greens Golf & Country Club in Jeddah, Saudi Arabia. “We’re thrilled to return to …

The Huffington Post reports: 9/11 Families United, a coalition of families and survivors of the 2001 terrorist attacks, said they are “shocked and deeply offended” by PGA Tour’s merger with Saudi-backed LIV Golf. In a statement, 9/11 Families United said LIV Golf is “bankrolled by billions of sportswashing money from the Kingdom of Saudi Arabia” and that Saudi operatives played …

The New York Times reports: The PGA Tour and LIV Golf, the new league founded last year by Saudi Arabia’s sovereign wealth fund, will merge, executives announced Tuesday, ending a bitter split in men’s professional golf. In a surprise announcement on Tuesday, the tour, along with the DP World Tour and the wealth fund, said the recent rivals had agreed …