Saudi Arabia, Trump and economic agreements
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The United States and Saudi Arabia have discussed Riyadh's potential purchase of Lockheed's F-35 jets, two sources briefed on discussions told Reuters, referring to a military aircraft that the kingdom has reportedly been interested in for years.
Trump met with Saudi Crown Prince Mohammed bin Salman and attended a US-Saudi investment forum along with Elon Musk and other top CEOs.
President Donald Trump announced that the United States will end sanctions on Syria and invited Saudi Arabia to join the Abraham Accords during a speech in Riyadh on Tuesday.
The prospect of being the first U.S. institution to open an international branch campus in Saudi Arabia presents numerous advantages,” the university president said.
Although Trump recently attended the funeral of Pope Francis in Rome, Saudi Arabia was originally intended to be his initial overseas destination, just like in his first term. It served as a gilded debut for a foreign policy focused on securing cash infusions for American businesses.
A British Bank of America analyst has been jailed for 10 years in Saudi Arabia apparently over a since-deleted social media post.
BlackRock, Franklin Templeton, Northern Trust Asset Management, Neuberger Berman and I Squared Capital signed preliminary agreements with the roughly $925 billion wealth fund to invest in its efforts to develop a series of new investment strategies focused on Saudi Arabia and the wider Middle East and North Africa region.
Executives including Elon Musk and Nvidia’s Jensen Huang, were in Saudi Arabia for new investments. That, not tariffs, is what they wanted from Trump.