Saudi Arabia to be Trump’s 1st stop on first foreign trip

May 5, 2017

Washington, May 5: Promoting an agenda of “tolerance,” “burden sharing” and “countering both Iran and Daesh,” senior US officials announced that Saudi Arabia will be the first stop for US President Donald Trump on his debut foreign visit since taking office in January.

SaudiThis is the first time ever that a US president has made Saudi Arabia a first stop on a maiden foreign trip after taking office.

The visit is expected to take place in late May and will convene in Riyadh in a Muslim leaders’ summit with Trump, according to US officials who briefed reporters on condition of anonymity.

From Saudi Arabia, Trump will travel to Israel, and then to the Vatican where he will meet Pope Francis.

Trump is expected to travel to Brussels to participate in North Atlantic Treaty Organization’s (NATO) summit. He will conclude the trip by attending the G-7 summit in Italy on May 26-27.

In announcing his trip from the Rose Garden at the White House, Trump stressed a message of “tolerance is the cornerstone of peace.”

He said: “That is why I am proud to make a major and historic announcement this morning and share with you that my first foreign trip as president of the United States will be to Saudi Arabia, then Israel, and then to a place that my cardinals love very much, Rome.”

Trump said he hoped to lay “a new foundation of cooperation and support with our Muslim allies to combat extremism, terrorism and violence, and to embrace a more just and hopeful future for young Muslims in their countries.” Trump referenced a more flexible foreign policy in dealing with governments in the region. “Our task is not to dictate to others how to live but to build a coalition of friends and partners who share the goal of fighting terrorism and bringing safety, opportunity and stability to the Middle East,” he said.

“This is the first country the US president visits on his tour of the region, also his first, which attests to the importance attached to Saudi Arabia,” Hamdan Al-Shehri, a Riyadh-based Saudi political analyst, told Arab News on Thursday.

“It sends the strong message that the Saudi-US relations are solid and that the two sides are keen to boost cooperation, especially in view of the more recent political and military developments in the Middle East,” he added.

He noted that the two sides will discuss several issues of common concern, including the Syrian crisis and the important role Saudi Arabia has been playing in trying to find a political solution to it.

The situation in Yemen and the Iranian intervention in the region, by supporting the Houthi militias in Yemen and the Syrian regime, which is a major contributor to the spread of terrorism, are also hot topics the two sides are expected to discuss during the visit, said Al-Shehri.

“Deputy Crown Prince Mohammed bin Salman’s earlier visit to the US no doubt contributed to shaping the US approach to the Middle East.

During his visit, the deputy crown prince highlighted the opportunities the previous US administration wasted to address the crises in the region and put things back on track, particularly that now, there is need for a stronger US political involvement to balance the Russian and other countries’ presence in the region,” he said. US senior officials in a briefing about the visit said planning for trip to Saudi Arabia “started after the election” in November. They referenced a “big opportunity” and “new page of engagement” between the US and its Arab partners.

One official said Arab allies have shown “eagerness” to work with Trump and had felt “being abandoned” under his predecessor, Barack Obama, with a sense “that the US is withdrawing from the region.”

The officials promised a more robust US engagement focused on countering both Iran and Daesh, and fostering “tolerance among the three religions,” which explains the first three stops in Muslim, Jewish and Christian holy places.

“What this trip will show is that the president, as he lays out his agenda, America First, is fully compatible with American leadership in the world,” stressed one official.

The Trump administration did not close the door on a possible trilateral summit in Jerusalem between Trump, Israeli Prime Minister Benjamin Netanyahu and Palestinian President Mahmoud Abbas. It would mark the first such meeting since peace negotiations were brought to halt in 2014.

The White House statement announcing the visit said: “President Trump has accepted the invitation of King Salman bin Abd Al-Aziz, the Custodian of the Two Holy Mosques, to visit the Kingdom of Saudi Arabia later this month.”

It added that “the visit will reaffirm the strong partnership between the United States and Saudi Arabia and allow the leaders to discuss issues of strategic concern, including efforts to defeat terrorist groups and discredit radical ideologies.”

The statement said while in Israel Trump “will discuss a range of regional issues, including the need to counter the threats posed by Iran and its proxies, and by ISIS (Daesh) and other terrorist groups.”

Visiting Israel on the first trip also marks a reversal from Obama who visited Turkey, Saudi Arabia, Iraq and Egypt in the first year in 2009.

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Agencies
May 17,2020

Jerusalem, May 17: The Chinese ambassador to Israel was found dead in his home north of Tel Aviv on Sunday, Israel's Foreign Ministry said.

No cause of death was given and Israeli police said it was investigating.

Du Wei, 58, was appointed envoy in February in the midst of the coronavirus pandemic. He previously served as China's envoy to Ukraine.

He is survived by a wife and son, both of whom were not in Israel.

Israel enjoys good relations with China.

The ambassador's death comes just two days after he condemned comments by visiting U.S. Secretary of State Mike Pompeo, who denounced Chinese investments in Israel and accused China of hiding information about the coronavirus outbreak.

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Agencies
March 15,2020

Riyadh, Mar 15: Saudi Aramco on Sunday reported a 20.6 percent drop in its net profit for 2019 due to low oil prices and production levels, the company said in a statement.

These are the first annual results to be announced by the energy giant after its historical $29.4 billion initial public offering and listing on the Saudi Tadawul market last December.

Aramco posted net profits of $88.2 billion last year compared to $111.1 billion in 2018, Monday's statement said.

"The decrease was primarily due to lower crude oil prices and production volumes, coupled with declining refining and chemical margins," it said.

The company also made $1.6 billion of impairment provisions for losses associated with Sadara Chemical Company, an Aramco subsidiary.

"2019 was an exceptional year for Saudi Aramco. Through a variety of circumstances -- some planned and some not -- the world was offered unprecedented insight into Saudi Aramco's agility and resilience," CEO Amin Nasser said.

"Our unique scale, low costs, and resilience came together to deliver both growth and world-leading returns, while also maintaining our position as one of the world's most reliable energy companies," Nasser said.

The earnings for last year are not affected by the coronavirus outbreak or the ongoing price war between Saudi Arabia and Russia that has sent oil prices crashing.

Aramco said it will distribute dividends worth $73.2 billion for 2019 but based on its commitments under the IPO, its dividends for the next five years starting this year will be at least $75 billion.

It said its capital spending last year dropped to $32.8 billion from $35.1 billion in 2018.

The company expects capital spending, which is expenditure on projects, to be between $25 billion and $30 billion this year "in light of current market conditions and recent commodity price volatility."

But it said that capital expenditure for 2021 and beyond is currently under review.

The results were announced amid a price war between Saudi Arabia and Russia after they failed to agree on additional output cuts to support prices dented by the outbreak of the coronavirus pandemic.

"The recent COVID-19 outbreak and its rapid spread illustrate the importance of agility and adaptability in an ever-changing global landscape," Nasser said.

The kingdom said last week Aramco will pump 12.3 million barrels of oil per day, boosting output by at least 2.5 million bpd.

It also announced plans to raise production capacity from 12 million bpd to 13 million bpd.

Forecasts for future crude prices and demand are also bleak.

In its latest monthly report, the Organization of Petroleum Exporting Countries lowered its forecast for global average daily demand by 0.92 million barrels to 99.73 million barrels.

Saudi Arabia is also in the midst of a royal purge that saw King Salman's brother and nephew detained after sources said they were accused of plotting a palace coup to unseat the crown prince, heir to the Saudi throne.

Aramco shares rallied immediately after the listing on December 11, rising by 19 percent to 38 riyals ($10.1) and temporarily lifting the company's valuation above the $2 trillion mark, which was sought by Crown Prince Mohammed bin Salman, Saudi Arabia's de facto ruler.

But as oil prices tumble, Aramco shares have lost 29 percent from its highest point, slipping below the listing price.

On Thursday, Aramco's market value dropped to around $1.55 trillion, but it still remains the world's largest publicly listed company.

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News Network
May 19,2020

Abu Dhabi: The United Arab Emirates today reported 873 new coronavirus cases, pushing the total number of COVID-19 infections in the country to 25,063.

Three more people have died from the virus, bringing the total death toll to 227, the ministry revealed, adding that a total of 1,214 COVID-19 patients have made full recovery, which takes the overall number of patients recovered to 10,791.

The latest coronavirus patients, all of whom are in a stable condition and receiving the necessary care, were identified after conducting more than 38,000 additional COVID-19 tests among UAE citizens and residents over the past few days, the ministry said.

It expressed its sincere condolences to the families of the deceased and wished a speedy recovery to all patients, calling on the public to cooperate with health authorities and comply with all precautionary measures, particularly social distancing protocols, to ensure the safety and protection of the public.

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