AFP Asia Business

In the first foreign tour of his second term, US President Donald Trump will arrive in Saudi Arabia on Tuesday before visiting Qatar and the United Arab Emirates.Trump is just the latest US president to visit oil-rich Saudi Arabia. Here are some of the most memorable meetings between US leaders and their Saudi allies.- The Suez handshake -The foundation for the US and Saudi Arabia’s enduring relationship was sealed with a handshake on a boat on Valentine’s Day, 1945.Months before the end of World War II, Saudi king Abdulaziz bin Saud and president Franklin Roosevelt met on board the cruiser USS Quincy in the Suez Canal.There, a deal was struck resulting in a decades-long partnership that would see the then-nascent kingdom receive military protection in exchange for the US’s privileged access to its vast oil reserves.- Nixon’s visit -Richard Nixon was the first US president to visit Saudi soil when he touched down in Jeddah on the Red Sea coast in June 1974.It followed a landmark US-Saudi agreement under which Saudi Arabia would sell oil exclusively in greenbacks in return for American military protection and economic and technical support.The deal helped lead to the US dollar’s supremacy in global trade for decades to come.– First Gulf War -President George H.W. Bush first visited Saudi Arabia as president ahead of Operation Desert Storm in late 1990, following Iraq’s invasion of neighbouring Kuwait.During the visit, he met King Fahd and Kuwaiti Emir Jaber Al-Sabah, and also addressed American troops based in eastern Saudi Arabia.Saudi Arabia was a key basing area for the US-led operation that pushed Saddam Hussein’s troops out of Kuwait in a lightning offensive.- The Obama snub -President Barack Obama was a frequent visitor, making four trips during his two terms, including a brief stop in 2015 to offer condolences on the death of King Abdullah.But Obama’s most memorable visit, his last, was one he may prefer to forget.Months after signing a nuclear deal with Iran, then Saudi Arabia’s fierce regional rival, Obama received a somewhat frosty welcome when he arrived in April 2016.Instead of King Salman, Obama was greeted at the airport by the governor of Riyadh, and the event was not broadcast live on Saudi TV.- Orbs and swords -By contrast, Donald Trump arrived with full fanfare when he made Saudi Arabia the first destination of his first term in 2017.A military fly-past and cannon salute greeted the recently inaugurated Trump, who was also bestowed with a gold medal and took part in a traditional sword dance.One image from the visit — Trump, Egypt’s president and King Salman standing with their hands on a glowing orb — quickly set social media alight.During the trip, the US signed a raft of agreements worth a total of $460 billion, including arms deals amounting to approximately $110 billion.The honeymoon period later cooled, with Riyadh faulting Trump for failing to respond more aggressively to a 2019 attack on Saudi Arabia by Iran-backed Huthi rebels that temporarily halved its crude output.- Biden’s fist-bump -Things did not begin well between Saudi Arabia and the Biden administration.At a debate in 2019, then candidate Joe Biden vowed to make Saudi Arabia a “pariah” because of its human rights record, including the murder of journalist Jamal Khashoggi by Saudi agents at the kingdom’s consulate in Istanbul.In 2021, Biden declassified an intelligence report that suggested Crown Prince Mohammed bin Salman had approved the operation against Khashoggi — an allegation the Saudi authorities deny.But when Russia’s invasion of Ukraine in February 2022 sent energy prices soaring, Biden sought Saudi help to bring them down and ease pressure on US voters.In July that year Biden flew to Jeddah where he met the Crown Prince and de facto ruler with a fist-bump — another defining image that went viral.

China said Saturday that consumer prices slumped in April for the third straight month, reflecting persistent challenges as leaders attempt to revive an economy stymied by sluggish spending and a fierce trade war with Washington.The world’s second-largest economy has grappled with persistent deflationary pressure in recent years, as longstanding woes in the property sector and …

China’s consumption slide deepens as tariff war bites Read More »

Global stocks were mixed Friday as markets awaited weekend US-China talks amid hopes for a deescalation in the trade war between the world’s two largest economies.”If ever there was a wait and see Friday, this is it,” said Art Hogan of B. Riley Wealth Management. “It’s all about our perceptions of how the trade war …

Stocks mixed as global markets eye US-China tariff talks Read More »

Israel would not be involved in food distribution under a US-led plan for the Gaza Strip but would provide “necessary military security”, Washington’s ambassador to Israel, Mike Huckabee, said on Friday.Despite imposing a now two-month-long blockade of aid on Gaza, which it says is aimed at putting pressure on Palestinian militants Hamas, Israel has asserted there is no humanitarian crisis in the territory.  “The Israelis are going to be involved in providing necessary military security, because it is a war zone, but they will not be involved in the distribution of the food, or even in the bringing of the food into Gaza,” Huckabee told reporters in Jerusalem. The US-led initiative, which the State Department said on Thursday would be led by a new foundation to distribute aid, has been met with international criticism as it appears to sideline the United Nations and existing aid organisations, and would overhaul current humanitarian structures in Gaza.Senior Hamas official Basem Naim said the plan risks “militarising aid”.Huckabee called upon the United Nations, “every NGO” and “every government” to take part.”We invite people who have been concerned about it to join in this process,” he said, expressing hope that the plan could be put into action “very soon”.He offered no timetable for the aid operation or any further information about the non-governmental foundation that would be involved.Huckabee said there were “several partners who have already agreed to be a part of the effort”, without naming them.Israel imposed a blockade on Gaza on March 2 amid an impasse in talks with Hamas, and resumed its military offensive on March 18, ending a two-month truce in the war triggered by the Palestinian group’s unprecedented October 2023 attack.Huckabee said that under the US plan, Israeli forces would provide security “at a distance from the distribution point to protect them from the ongoing calculus of the war”, with “security… at the distribution points provided by contractors”.- ‘No food’ -In Khan Yunis in the southern Gaza Strip, crowds of Palestinians jostled for position, holding cooking pots, plastic bowls and serving dishes aloft in hopes of getting a hot meal at a distribution point before it closed over a lack of supplies.”When (our children) tell us they want to eat, what do we do? There’s no flour, there’s no bread, there’s no food, nothing,” Ilham Jargon, a resident, told AFP.”Sometimes, we stay here waiting but end up leaving without food or water,” she added. When steaming piles of rice were doled out, the crowds surged forward. A young girl, overwhelmed in the press of bodies, cried out and broke down in tears.”Today is the last day the charity can work, we are forced to close… so people have flocked here. Within days people will not have any food,” Hani Abu al-Qasim, in charge of food distribution, said. – ‘Humanitarian crisis’ -Israel accuses Hamas of diverting aid sent to Gaza. While Huckabee also blamed the Palestinian group, he said there was “obviously… a humanitarian crisis. That’s why we need a humanitarian aid programme going in”.Amnesty International voiced alarm over the aid plan, saying in a statement “a foundation contributing to Israel’s illegal occupation of Palestinian territory would be in violation of international law.”The UN agency for Palestinian refugees UNRWA, which has been criticised by Israel and the United States, said it was “very difficult” to imagine any operation to deliver humanitarian aid in Gaza without its presence. “It is impossible to replace UNRWA in a place like Gaza. We are the largest humanitarian organisation,” the agency’s spokeswoman Juliette Touma told a press conference in Geneva, when asked about the proposal. Hamas’s attack on southern Israel on October 7, 2023 resulted in the deaths of 1,218 people, mostly civilians, according to an AFP tally based on official data.Of the 251 people abducted in Israel that day, 58 are still being held in Gaza, including 34 declared dead by the Israeli army. Hamas is also holding the body of an Israeli soldier killed during a previous war in Gaza, in 2014.The Israeli offensive launched in retaliation for the October 7 attack has killed at least 52,787 people in Gaza, mostly civilians, according to data from the Hamas-run health ministry, which is considered reliable by the UN.