The Prague Post - Saudis invest big in US weapons, AI as Trump basks in welcome

EUR -
AED 4.341378
AFN 79.575099
ALL 96.720706
AMD 451.827671
ANG 2.116491
AOA 1084.013616
ARS 1742.158031
AUD 1.777854
AWG 2.130791
AZN 2.011722
BAM 1.95419
BBD 2.382047
BDT 143.935651
BGN 1.95536
BHD 0.445734
BIF 3529.935941
BMD 1.182131
BND 1.51266
BOB 8.172335
BRL 6.232669
BSD 1.18273
BTN 104.148617
BWP 16.824278
BYN 4.006515
BYR 23169.764915
BZD 2.37866
CAD 1.628787
CDF 3373.218216
CHF 0.932902
CLF 0.028658
CLP 1124.230211
CNY 8.397386
CNH 8.395694
COP 4583.52328
CRC 595.911459
CUC 1.182131
CUP 31.326468
CVE 110.177005
CZK 24.300295
DJF 210.60912
DKK 7.464837
DOP 73.140038
DZD 152.770349
EGP 56.99266
ERN 17.731963
ETB 170.631734
FJD 2.649451
FKP 0.865295
GBP 0.867897
GEL 3.212015
GGP 0.865295
GHS 14.489183
GIP 0.865295
GMD 85.113716
GNF 10259.892484
GTQ 9.059573
GYD 247.399269
HKD 9.193727
HNL 30.995589
HRK 7.533134
HTG 154.75313
HUF 388.623745
IDR 19580.342763
ILS 3.947484
IMP 0.865295
INR 104.180028
IQD 1549.329825
IRR 49723.376494
ISK 143.40441
JEP 0.865295
JMD 189.773617
JOD 0.83815
JPY 174.27686
KES 152.743592
KGS 103.377695
KHR 4739.114769
KMF 490.584552
KPW 1063.896296
KRW 1638.923967
KWD 0.360656
KYD 0.985596
KZT 639.855432
LAK 25607.115031
LBP 105911.719205
LKR 357.265595
LRD 209.340149
LSL 20.497196
LTL 3.490525
LVL 0.715059
LYD 6.377906
MAD 10.619329
MDL 19.55605
MGA 5197.760746
MKD 61.480377
MMK 2481.777628
MNT 4252.935502
MOP 9.474713
MRU 47.225084
MUR 53.515158
MVR 18.088925
MWK 2050.836028
MXN 21.547302
MYR 4.960206
MZN 75.549766
NAD 20.497196
NGN 1768.408802
NIO 43.524318
NOK 11.584942
NPR 166.637387
NZD 2.002547
OMR 0.45452
PAB 1.182735
PEN 4.11093
PGK 5.01795
PHP 67.467169
PKR 335.620831
PLN 4.25667
PYG 8421.131789
QAR 4.312664
RON 5.068506
RSD 117.156238
RUB 98.359944
RWF 1714.301828
SAR 4.433387
SBD 9.713647
SCR 17.272944
SDG 711.051787
SEK 11.001211
SGD 1.512672
SHP 0.928969
SLE 27.555609
SLL 24788.697464
SOS 675.945845
SRD 45.202912
STD 24467.722152
STN 24.479931
SVC 10.348647
SYP 15369.819146
SZL 20.490202
THB 37.621903
TJS 11.088004
TMT 4.149279
TND 3.423094
TOP 2.768672
TRY 48.823216
TTD 8.023422
TWD 35.587456
TZS 2919.862898
UAH 48.803309
UGX 4141.587118
USD 1.182131
UYU 47.301022
UZS 14493.056972
VES 189.433374
VND 31190.522821
VUV 140.066047
WST 3.129694
XAF 655.419672
XAG 0.028243
XAU 0.000322
XCD 3.194768
XCG 2.131553
XDR 0.815494
XOF 655.433522
XPF 119.331742
YER 283.179657
ZAR 20.505278
ZMK 10640.591365
ZMW 27.871268
ZWL 380.645656
  • CMSC

    -0.1000

    24.32

    -0.41%

  • NGG

    -1.0000

    70.15

    -1.43%

  • RYCEF

    0.0700

    15.32

    +0.46%

  • AZN

    -1.4750

    76.215

    -1.94%

  • BTI

    -1.0550

    54.975

    -1.92%

  • VOD

    -0.2050

    11.455

    -1.79%

  • RELX

    0.9050

    47.995

    +1.89%

  • GSK

    -0.2470

    40.113

    -0.62%

  • RIO

    -0.9950

    61.995

    -1.6%

  • RBGPF

    -0.6700

    76.6

    -0.87%

  • JRI

    0.0300

    13.88

    +0.22%

  • BCE

    -0.1650

    23.325

    -0.71%

  • BP

    0.2750

    34.575

    +0.8%

  • CMSD

    -0.1540

    24.366

    -0.63%

  • BCC

    0.4300

    80.89

    +0.53%

  • SCS

    0.0600

    16.79

    +0.36%

Saudis invest big in US weapons, AI as Trump basks in welcome

Saudis invest big in US weapons, AI as Trump basks in welcome

Saudi Arabia on Tuesday promised billions of dollars in deals with the United States from defence to artificial intelligence as it threw a lavish welcome for President Donald Trump on the first state visit of his second term.

Text size:

The Saudis escorted Air Force One into the kingdom with fighter jets before bringing out long-stretching guards of honour and sending flag-waving cavalry to accompany Trump's motorcade to the palace.

Under imposing chandeliers, Trump welcomed a promise by Saudi Arabia's de facto ruler, Crown Prince Mohammed bin Salman, for $600 billion in investment and quipped that it should be $1 trillion.

"We have the biggest business leaders in the world here today and they're going to walk away with a lot of cheques," Trump told the prince.

For "the United States, it's probably two million jobs that we're talking about," Trump said.

The White House said that Saudi Arabia would buy nearly $142 billion in weapons in what it described as the largest-ever weapons deal, although Trump in his first term trumpeted a larger, longer-term figure.

The White House said that Saudi company DataVolt will invest $20 billion in artificial intelligence-related sites in the United States, while tech firms including Google will invest in both countries -- welcome news for Saudi Arabia which has long faced restrictions in US advanced technology.

With cameras rolling, a lengthy procession of Saudi royalty and business figures waited their turn to shake hands with Trump and the crown prince, including Elon Musk, the world's richest person and close advisor to Trump, who made a rare appearance in a suit.

The US leader will head later in the week to Qatar and the United Arab Emirates, fellow oil-rich Arab monarchies with long-standing ties to the United States -- and to Trump.

In choosing the Gulf for his first major tour, the 78-year-old billionaire is again bypassing traditional presidential stops among Western allies, some of which have been unnerved by his norms-shattering diplomacy.

Eight years ago, Trump also chose Saudi Arabia for his first overseas trip -- when he posed with a glowing orb and participated in a sword dance.

- Saudis seek image change -

Trump's embrace of the Saudis contrasts with a more hesitant initial approach by former president Joe Biden, who had vowed to punish the crown prince after US intelligence found that he ordered the murder of dissident Saudi journalist Jamal Khashoggi in 2018.

Trump reminisced with the 39-year-old crown prince over their first meeting, saying he was "so impressed with this young guy who was very wise beyond his years".

Since Khashoggi's gruesome killing, Saudi Arabia has worked aggressively to change its image, from easing restrictions on women to diversifying from oil to new areas such as artificial intelligence.

The country has also increasingly exercised diplomatic clout, serving as a venue for the United States to pursue talks with Ukraine and Russia.

Qatar and the United Arab Emirates have also sought outsized international roles, with the Qataris serving as a mediator along with the United States and Egypt in the Israel-Hamas conflict.

Jon Alterman, senior vice president at the Center for Strategic and International Studies, said that for Trump, the Gulf "is his happy place".

The leaders will "flatter him and not criticise him. And they'll treat his family members as past and future business partners," he said.

- Lavish plane -

Qatar has offered a luxury Boeing aircraft for Trump to refurbish as Air Force One and then keep after he leaves the White House.

Trump's Democratic rivals have called the gift blatant corruption. Trump has hit back that the deal was "very public and transparent".

An ultimate prize, pushed both by Trump and Biden, has been to persuade Saudi Arabia, home of Islam's holiest sites, to take the landmark step of recognising Israel.

But Israel normalisation appears remote as Riyadh insists that a Palestinian state be established first.

Israel has cut off all food and other supplies to Gaza for more than two months as it pursues a new offensive against Hamas militants.

The United States, which has quietly been frustrated with its ally, negotiated directly with Hamas to secure the release of a hostage with US citizenship, Edan Alexander, to whom Trump spoke by telephone Tuesday.

Tensions over Iran will likely feature prominently in the talks in the Gulf, after four rounds of nuclear talks between the Trump administration and Tehran.

Q.Pilar--TPP