The Japan Times - Saudis invest big in US weapons, AI as Trump basks in welcome

EUR -
AED 4.315152
AFN 77.708509
ALL 96.852138
AMD 448.491142
ANG 2.103707
AOA 1077.46608
ARS 1692.867744
AUD 1.766731
AWG 2.114983
AZN 1.996065
BAM 1.958827
BBD 2.365606
BDT 143.531799
BGN 1.957646
BHD 0.442923
BIF 3471.553207
BMD 1.174991
BND 1.516883
BOB 8.115541
BRL 6.345419
BSD 1.17454
BTN 106.215586
BWP 15.56238
BYN 3.462451
BYR 23029.817846
BZD 2.36217
CAD 1.617428
CDF 2631.978985
CHF 0.93526
CLF 0.027299
CLP 1070.885484
CNY 8.288974
CNH 8.27372
COP 4466.84467
CRC 587.522896
CUC 1.174991
CUP 31.137254
CVE 110.435656
CZK 24.285177
DJF 209.15766
DKK 7.470444
DOP 74.667289
DZD 152.34334
EGP 55.789738
ERN 17.624861
ETB 183.52108
FJD 2.648192
FKP 0.879185
GBP 0.877671
GEL 3.168367
GGP 0.879185
GHS 13.482835
GIP 0.879185
GMD 85.774311
GNF 10213.261358
GTQ 8.995863
GYD 245.719709
HKD 9.144171
HNL 30.922442
HRK 7.532747
HTG 153.951832
HUF 385.151393
IDR 19592.088787
ILS 3.766621
IMP 0.879185
INR 106.613135
IQD 1538.577555
IRR 49493.544354
ISK 148.41283
JEP 0.879185
JMD 188.054601
JOD 0.833059
JPY 182.086549
KES 151.515079
KGS 102.752804
KHR 4702.386633
KMF 492.911492
KPW 1057.491268
KRW 1720.480396
KWD 0.36051
KYD 0.978813
KZT 612.546565
LAK 25462.346819
LBP 105176.728999
LKR 362.920819
LRD 207.301224
LSL 19.815521
LTL 3.469442
LVL 0.710741
LYD 6.379995
MAD 10.805297
MDL 19.854766
MGA 5203.151106
MKD 61.58937
MMK 2466.617904
MNT 4166.358748
MOP 9.418054
MRU 47.004836
MUR 53.990968
MVR 18.088629
MWK 2036.690621
MXN 21.126092
MYR 4.808648
MZN 75.093803
NAD 19.815521
NGN 1705.53442
NIO 43.227904
NOK 11.911281
NPR 169.94896
NZD 2.027652
OMR 0.451782
PAB 1.174515
PEN 3.954311
PGK 5.062068
PHP 69.231624
PKR 329.162758
PLN 4.221642
PYG 7889.359242
QAR 4.280496
RON 5.094291
RSD 117.388641
RUB 92.967943
RWF 1709.478019
SAR 4.40866
SBD 9.607607
SCR 17.223335
SDG 706.756952
SEK 10.910905
SGD 1.51451
SHP 0.881547
SLE 28.346692
SLL 24638.971924
SOS 670.04968
SRD 45.293589
STD 24319.935326
STN 24.534259
SVC 10.276881
SYP 12991.498391
SZL 19.808863
THB 36.931722
TJS 10.793679
TMT 4.124217
TND 3.433491
TOP 2.829096
TRY 50.173396
TTD 7.970316
TWD 36.798371
TZS 2916.912694
UAH 49.627044
UGX 4174.450755
USD 1.174991
UYU 46.090635
UZS 14149.865707
VES 314.239221
VND 30925.755393
VUV 142.323844
WST 3.261166
XAF 656.986216
XAG 0.018396
XAU 0.000271
XCD 3.175471
XCG 2.116771
XDR 0.81708
XOF 656.986216
XPF 119.331742
YER 280.241445
ZAR 19.712468
ZMK 10576.317779
ZMW 27.102111
ZWL 378.346528
  • RBGPF

    -3.4900

    77.68

    -4.49%

  • RYCEF

    0.2200

    14.82

    +1.48%

  • NGG

    0.8200

    75.75

    +1.08%

  • RELX

    0.9550

    41.335

    +2.31%

  • CMSC

    0.0100

    23.31

    +0.04%

  • RIO

    -0.1950

    75.465

    -0.26%

  • JRI

    0.0235

    13.59

    +0.17%

  • BCC

    -0.6650

    75.845

    -0.88%

  • CMSD

    0.0300

    23.28

    +0.13%

  • GSK

    0.3700

    49.18

    +0.75%

  • BP

    0.0050

    35.265

    +0.01%

  • BTI

    0.5200

    57.62

    +0.9%

  • VOD

    0.1800

    12.77

    +1.41%

  • BCE

    0.2161

    23.61

    +0.92%

  • AZN

    1.1700

    91

    +1.29%

  • SCS

    0.0200

    16.14

    +0.12%

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.

S.Yamamoto--JT