Saudi Arabia, Trump
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DUBAI (Reuters) - Saudi Arabia fully supports the U.S.-Iran nuclear talks and hopes for positive results, the kingdom's foreign minister Prince Faisal bin Farhan Al-Saud said on Wednesday.
Amazon, Google, and Nvidia are among those who struck deals during Trump's visit to the Middle East, his first major overseas trip of his second term.
The announced deal between the US and Saudi Arabia was made as President Donald Trump's White House focuses on a business-first approach.
By Yousef Saba, Gram Slattery, Pesha Magid and Nafisa Eltahir RIYADH (Reuters) -President Donald Trump kicked off his trip to the Gulf on Tuesday with a surprise announcement that the United States will lift long-standing sanctions on Syria,
Trump met with Saudi Crown Prince Mohammed bin Salman and attended a US-Saudi investment forum along with Elon Musk and other top CEOs.
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President Trump goes to the Gulf kingdom this week seeking $1 trillion worth of investments in the United States — a sum equivalent to the entire Saudi gross domestic product for a year.
RIYADH: The United States agreed on Tuesday (May 13) to sell Saudi Arabia an arms package worth nearly US$142 billion, according to a White House fact sheet that called it "the largest defense cooperation agreement" Washington has ever done.
RIYADH (Reuters) - U.S. President Donald Trump said on Tuesday that the United States was adding over $1 trillion in investments with his trip to Saudi Arabia, citing multibillion-dollar commercial deals expected with large companies including Amazon, Oracle and others.
The announcements follow reports that the US administration intends to facilitate AI chip deals between American firms and Gulf nations.
Nvidia stock jumped over 3% early Wednesday after the company and fellow chipmakers announced billions of dollars worth of AI deals with Saudi Arabia.
U.S. crude oil futures climbed more than $1 a barrel on Tuesday as the White House announced Saudi Arabia's plans to invest $600 million in the United States. Brent crude futures rose 88 cents, or about 1.