Crown Prince Mohammed Bin Salman welcomed President Donald Trump to Saudi Arabia on Tuesday as the US leader began a four-day Middle East tour.
Trump, as he did in his first term, is paying an early visit to the kingdom after the crown prince promised to pump hundreds of billions of dollars in new investments in the United States.
The US administration said it intended to use the trip to launch economic agreements with the Saudis as well as the governments of Qatar and United Arab Emirates later this week.
The crown prince will fete Trump with a formal dinner and host a gathering of members of the Gulf Cooperation Council, which is made up of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.
Saudi Arabia and fellow OPEC+ nations have already helped their cause with Trump early in his second term by stepping up oil production. Trump sees cheap energy as a key component to lowering costs and stemming inflation for Americans. The president has also made the case that lower oil prices will hasten an end to Russia’s war on Ukraine.
Associated Press
United Arab Emirates Dirham Exchange Rate
