Friday, October 31, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

Trump Heads to the Middle East Focused on Business Deals, Not Diplomacy

by Jonathan Swan, Vivian Nereim, Ismaeel Naar, David E. Sanger and Luke Broadwater
May 12, 2025
in Politics
Reading Time: 8 mins read
A A
0
Home Politics
Share on FacebookShare on Twitter


When American presidents go to the Center East, they normally arrive with a strategic imaginative and prescient for the area, even when it appears a far attain.

Jimmy Carter pushed Egypt and Israel to a historic peace accord. Invoice Clinton tried and failed with Yasir Arafat, the Palestinian chief. George W. Bush imagined his warfare on terrorism would in the end result in democratization within the area. Barack Obama went to Cairo “to hunt a brand new starting between america and Muslims around the globe.”

President Trump will tour the Gulf this week seeking one factor above all else: enterprise offers. Planes. Nuclear energy. Synthetic intelligence investments. Arms. Something that places a signature on the underside of a web page.

Whereas planning the primary main abroad journey of his second time period, a four-day swing via Saudi Arabia, Qatar and the United Arab Emirates, Mr. Trump advised his advisers that he needed to announce offers that may be price greater than $1 trillion.

As a branding train it makes excellent sense. Surrounded by resource-rich royals and American enterprise executives, Mr. Trump, who likes to brag about his deal-making abilities, will scrawl his Sharpie over time period sheets, and plenty of them. He’ll go to palaces, stroll on crimson carpets and be handled like a king in a area that’s more and more important to the Trump household’s monetary pursuits.

But as a strategic train, the journey’s function stays foggy. Throughout his 2017 journey to the area, Mr. Trump made waves by rallying dozens of leaders from majority-Muslim nations to confront and denounce extremism. It’s unclear what overseas coverage targets, if any, can be superior on this go to.

Through the Biden administration, negotiations over promoting Saudi Arabia billions of {dollars} in civilian nuclear tools — and the power to counterpoint their very own uranium — have been tied to a diplomatic goal: persuading Riyadh to acknowledge Israel, envisioned by the Individuals as an extension of the Abraham Accords, which Mr. Trump has described as the most important diplomatic achievement of his first time period.

Now, the negotiation seems to be transferring ahead, slowly, as a stand-alone enterprise deal.

Mr. Trump’s aides insist he nonetheless desires to dealer a normalization deal between Saudi Arabia and Israel. However with the warfare in Gaza nonetheless raging, Crown Prince Mohammed bin Salman of Saudi Arabia has little interest in publicly embracing Prime Minister Benjamin Netanyahu of Israel. And Mr. Trump’s present curiosity in tying himself to Mr. Netanyahu isn’t a lot larger than the crown prince’s. So a cease in Israel didn’t make it onto his itinerary.

There can be no assembly in Riyadh between Mr. Trump and President Vladimir V. Putin of Russia, as Mr. Trump had as soon as hoped. And the Trump group has been cagey in regards to the standing of its nuclear diplomacy with Iran, not eager to upset negotiations which were occurring behind closed doorways in Oman, a rustic Mr. Trump isn’t visiting on this journey.

“Going to the Center East proper now’s extra about economics, not technique,” mentioned Dennis B. Ross, a longtime Center East peace negotiator now on the Washington Institute for Close to East Coverage. “He clearly likes these sorts of journeys which have bulletins of massive offers, as a result of that is his preoccupation. His focus, his precedence, is rather more on the financial, monetary aspect of issues.”

Instead of grand technique can be a sequence of economic transactions that Mr. Trump will promote as producing jobs for American staff.

The agenda conveniently aligns with Mr. Trump’s increasing enterprise plans. His household has six pending offers with a majority Saudi-owned actual property agency, a cryptocurrency cope with an affiliate of the federal government of the United Arab Emirates and a brand new golf and luxurious villa undertaking backed by the federal government of Qatar.

The Qataris are going to nice lengths to courtroom Mr. Trump. The Trump administration is poised to simply accept a luxurious Boeing 747-8 aircraft as a donation from the Qatari royal household that can be upgraded to function Air Drive One, in presumably the most important overseas reward ever acquired by the U.S. authorities, a number of American officers with data of the matter mentioned.

The plan underneath dialogue raises substantial moral points, particularly on condition that Mr. Trump may use the $400 million aircraft after he leaves workplace, receiving it as a donation to his presidential library. (The White Home press secretary mentioned Sunday that any deal would adjust to the legislation, and Qatari officers mentioned it was nonetheless underneath evaluation.)

Saudi Arabia, the United Arab Emirates and Qatar handle trillions of {dollars} in property around the globe, and have more and more change into diplomatic and monetary forces to reckon with. However their overseas insurance policies have diverged from America’s lately. The three nations have solid shut ties with China, Russia and Iran along with america, which stays their indispensable protection ally and operates navy bases of their territories.

For Prince Mohammed, the president’s determination to make the dominion one of many locations of his first main journey overseas — for a second time — lends validation to his perception that Saudi Arabia is a rising world energy, with a gravitational pull that highly effective leaders can not ignore.

As Mr. Trump visits these authoritarian states, he can really feel assured he won’t be topic to the kind of protests and hostility he would anticipate if he visited a few of America’s allies within the North Atlantic Treaty Group, like Canada or Germany, the place he’s deeply unpopular.

The royal households of the Gulf know higher than anyone communicate Mr. Trump’s language.

He raved for years about his gilded reception in Saudi Arabia in 2017, in his first overseas journey as president. They projected a multistory picture of Mr. Trump’s face onto the facade of Riyadh’s Ritz-Carlton lodge, the place Prince Mohammed later imprisoned opponents. American flags lined the highways, the nation singer Toby Keith carried out for a full home of Saudi followers and Mr. Trump joined in a conventional sword dance. Throughout a go to to a middle for countering extremism, the president positioned his fingers on a glowing orb alongside King Salman of Saudi Arabia and President Abdel Fattah el-Sisi of Egypt.

But Mr. Trump left workplace in 2021 believing that the crown prince owed him. He had come to Prince Mohammed’s protection at a time when Western elites have been shunning him after the homicide of the Washington Publish columnist and Saudi dissident Jamal Khashoggi.

Whereas Prince Mohammed denied figuring out in regards to the killing in 2018, the C.I.A. assessed that he was prone to have authorized the mission by Saudi assassins, and there was a bipartisan outcry in Washington.

However Mr. Trump, after declaring that he would observe the proof and take motion in opposition to Mr. Khashoggi’s killers, stood by Prince Mohammed and took credit score for rescuing him.

“I saved his ass,” Mr. Trump advised the journalist Bob Woodward in early 2020. “I used to be capable of get Congress to go away him alone. I used to be capable of get them to cease.”

The crown prince has returned the favor.

No a part of the world has been extra necessary to the rising monetary well-being of the Trump household than the Center East, notably since 2021, within the aftermath of the Jan. 6 assault on the Capitol, after which Mr. Trump and his family have been handled as pariahs by a lot of America’s company group.

It was in that local weather that Jared Kushner, Mr. Trump’s son-in-law and his former senior White Home adviser, began his personal funding fund. His largest financier grew to become Prince Mohammed. Six months after Mr. Kushner left the White Home, the crown prince overrode considerations from his funding advisers and ensured that the Saudi sovereign wealth fund invested $2 billion with Mr. Kushner’s firm, making the Saudis by far its largest investor.

Mr. Trump had his personal issues on the time. He was livid when the P.G.A. of America voted, after the Capitol riot, to strip his New Jersey golf course of the P.G.A. Championship. This was excess of a monetary blow; it was personally painful for Mr. Trump. Golf is central to the Trump model, and there was no greater stamp of approval than internet hosting the P.G.A. Championship occasion at Trump Nationwide in Bedminster, N.J.

Fortuitously, in 2021, the identical sovereign wealth fund that had invested $2 billion with Mr. Kushner — the Public Funding Fund — began the breakaway LIV Golf. The Saudis spent thousands and thousands poaching prime P.G.A. golfers, and the brand new circuit posed a major risk to the PGA Tour earlier than the 2 sides signed a preliminary partnership deal in 2023.

The timing was excellent for Mr. Trump, and he noticed a chance to place his golf programs again on the world map. LIV Golf has held tournaments at Mr. Trump’s programs for 4 consecutive years, elevating the worldwide profile of Mr. Trump’s golf resorts and driving income to his accommodations and eating places.

Mr. Trump’s household additionally has signed offers with a majority Saudi-owned actual property firm to construct initiatives in Jeddah, in Dubai and in Muscat, Oman, amongst different areas.

On Tuesday, when Mr. Trump is scheduled to reach, the Saudi authorities is planning to host an funding discussion board with the White Home crypto czar David Sacks and different American enterprise leaders, together with the chief executives of IBM, BlackRock, Citigroup, Palantir and Qualcomm, a semiconductor firm.

Prince Mohammed has pledged to take a position $600 billion in america over the following 4 years — a quantity that economists say is very unlikely to materialize as the dominion grapples with a money crunch. The Emiratis have pledged $1.4 trillion in U.S. funding over 10 years.

Sheikh Mohamed bin Zayed Al Nahyan, the ruler of the United Arab Emirates, has more and more struck out on his personal path. The nation’s rising hyperlinks with each American rivals like China and increasing economies like India are in preparation for a world which will sometime be now not dominated by america.

However the Gulf leaders recognize Mr. Trump’s transactional nature. The American president, they’ve discovered, doesn’t lecture them about human rights.

Eric Lipton and Maggie Haberman contributed reporting from Washington.



Source link

Tags: BusinessdealsDiplomacyEastfocusedheadsMiddleTrump
Previous Post

How Purchasers’ Funding Targets Replicate Threat Conduct and Hidden Biases

Next Post

Psagot launches capital market trading platform

Related Posts

Spanberger Cruising in Virginia

Spanberger Cruising in Virginia

by Ed Kilgore, New York Magazine
October 31, 2025
0

Virginia's off-year elections have predictably lined up as a adverse referendum on Donald Trump's fractious second time period agenda. However...

Critics Clown Trump After His ‘Absolutely Embarrassing’ New Nobel Boast

Critics Clown Trump After His ‘Absolutely Embarrassing’ New Nobel Boast

by Ed Mazza
October 31, 2025
0

President Donald Trump on Thursday appeared to say some credit score for the Nobel Prize in physics for work executed...

CNN’s Audie Cornish Pushes Republicans To Cave To Democrat Demands

CNN’s Audie Cornish Pushes Republicans To Cave To Democrat Demands

by Mark Finkelstein
October 31, 2025
0

On Thursday's CNN This Morning, Audie Cornish left little doubt as to which occasion's method to ending the federal government...

Democrats Are Getting Closer To A Win As Republicans Are Cracking On The Shutdown

Democrats Are Getting Closer To A Win As Republicans Are Cracking On The Shutdown

by Sarah Jones & Jason Easley
October 30, 2025
0

Senate Republicans are beginning to really feel the warmth associated to the federal government shutdown. They're additionally working into the...

What’s Andrew Cuomo’s Plan to Help New York City Renters?

What’s Andrew Cuomo’s Plan to Help New York City Renters?

by Jeremy Raff and Mark Boyer
October 30, 2025
0

“Are you able to describe lease costs in New York?” “Excessive.” “Costly.” ”Uncontrolled.” ”The lease right here is totally loopy.”...

‘CBS Saturday Morning’ co-hosts Michelle Miller and Dana Jacobson out in Paramount layoffs

‘CBS Saturday Morning’ co-hosts Michelle Miller and Dana Jacobson out in Paramount layoffs

by Stephen Battaglio
October 30, 2025
0

“CBS Saturday Morning” co-hosts Michelle Miller and Dana Jacobson are among the many almost 100 information division workers minimize as...

Next Post
Psagot launches capital market trading platform

Psagot launches capital market trading platform

The Market’s Fear Gauge Is Flashing Green as Nasdaq Nears New Bull Market

The Market’s Fear Gauge Is Flashing Green as Nasdaq Nears New Bull Market

Tariffs are expected to start showing up more in consumer prices as holiday shopping season starts

Tariffs are expected to start showing up more in consumer prices as holiday shopping season starts

October 31, 2025
Trump Says US Would Lift China Fentanyl Tariff If Xi Cracks Down

Trump Says US Would Lift China Fentanyl Tariff If Xi Cracks Down

October 31, 2025
Alerus Financial Corporation (ALRS) Q3 2025 Earnings Call Transcript

Alerus Financial Corporation (ALRS) Q3 2025 Earnings Call Transcript

October 31, 2025
DGCA notifies grievance redressal system for disability-friendly air travel

DGCA notifies grievance redressal system for disability-friendly air travel

October 31, 2025
The Internet Just Got Its Own Money

The Internet Just Got Its Own Money

October 31, 2025
Disney pulls ABC, ESPN and more from YouTube TV as talks break down

Disney pulls ABC, ESPN and more from YouTube TV as talks break down

October 31, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

Tariffs are expected to start showing up more in consumer prices as holiday shopping season starts

Trump Says US Would Lift China Fentanyl Tariff If Xi Cracks Down

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In