Trump means business: $380bn deals signed in Riyadh

May 21, 2017

Riyadh, May 21: Saudi-US deals worth at least $380 billion were struck on Saturday during the historic visit to Riyadh by US President Donald Trump, officials said.

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King Salman and Trump held high-level talks in the Saudi capital, where they co-signed the Saudi-US “Joint Strategic Vision Declaration,” as a series of defense, business and technology deals were agreed in the Saudi capital.

Saudi Foreign Minister Adel Al-Jubeir said that Trump’s visit marks “the beginning of a turning point” in relations with the Arab world.

Speaking at a press conference held with his US counterpart Rex Tillerson in Riyadh on Saturday, Al-Jubeir said that the strategic partnership agreement by King Salman and Trump would develop into a strong strategic partnership.

“The two countries have signed a series of agreements, both by private, commercial entities and inter-governmental, including on investment and infrastructure,” said Al-Jubeir.

“The value of the deals exceeds $380 billion; they will be executed over the next 10 years and will provide many opportunities both for the Kingdom and for the United States.”

Tillerson said that over 20 licenses were issued to large US companies helping direct investment between the two countries, which will result in the creation of thousands of jobs for Americans, an increase the purchase of US goods, equipment and technologies, and also benefit Saudi Arabia.

Defense played a key element in the myriad deals announced in Riyadh on Saturday.

Saudi Arabia and the US signed arms deals worth approximately $110 billion, the White House announced on Saturday.

Several other multi-billion-dollar deals were sealed at the inaugural Saudi-US CEO Forum, also held on Saturday.

They included a landmark $6 billion defense and armament agreement under a “letter of intent” to assemble 150 Lockheed Martin Black Hawk helicopters.

The agreement, which was revealed during the forum, is expected to support around 450 jobs in the Kingdom.

“At Lockheed Martin, we are proud to be part of this historic announcement that will strengthen the relationship between the United States and the Kingdom of Saudi Arabia,” said Marillyn A. Hewson, chairman, president and CEO of Lockheed Martin Corporation.

“We are especially proud of how our broad portfolio of advanced global security products and technologies will enhance national security in Saudi Arabia, strengthen the cause of peace in the region, and provide the foundation for job creation and economic prosperity in the US and in the Kingdom. The agreements will directly contribute to His Majesty’s Vision 2030 by opening the door for thousands of highly skilled jobs in new economic sectors.”

Energy — one of Saudi Arabia’s strongest sectors — witnessed a number of announcements with a combined $22 billion worth of new deals signed during the forum by Saudi and American executives in the oil and gas industry.

A major funding boost for the largest oil refinery in the US was among a number of announcements in refining and petrochemicals signed on Saturday at the forum.

Saudi Aramco-owned Motiva Enterprises announced a landmark investment in the US totaling $12 billion with a likely additional investment of $18 billion by 2023.

It is estimated the deal will create approximately 2,500 additional jobs in the short term and a further 12,000 by 2023.

Announcing the deal at the Saudi-US CEO Forum, Amin Nasser, president and CEO of Saudi Aramco, said: “Today we are investing in long-term job creation and the future of the refining industry in the United States, and we are delivering on Vision 2030 to expand the US-Saudi partnership.

“The message is clear: the longstanding bonds between our two countries are reinforced by both the value and scale of today’s agreement.”

Following his participation in the forum, Nasser also announced several agreements with suppliers including Jacobs, Honeywell and McDermott.

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News Network
April 7,2024

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Israel's relentless aggression against the Gaza Strip has now stretched over six months, and shows no sign of abating despite international calls for a ceasefire.

Israel launched the war on Gaza on October 7 after the Palestinian resistance movement Hamas waged the surprise Operation Al-Aqsa Storm against the occupying entity in response to the Israeli regime's decades-long campaign of violence against Palestinians.

At that time, the Israeli regime said attacking Gaza had two goals: eliminating Hamas and bringing back the hostages taken by the resistance group to Gaza. None of them have been achieved so far.

About 130 of the 250 Israeli captives taken during Operation Al-Aqsa Storm are still in Gaza after a provisional truce deal in December saw the exchange of a number of prisoners between the two sides.

Death toll

The conflict in Gaza has taken a devastating toll on Palestinians, with over 33,200 people, including 13,800 children, having lost their lives in 180 days of war, according to the Gaza Ministry of Health.

On top of that, around 76,000 people have been wounded – about four out of every 100 people in Gaza. The Palestine Red Crescent Society said this week some 1,000 children in Gaza have lost one or both of their legs.

A record-breaking 176 UN staff members and seven foreign aid workers have been killed in Gaza since October 7.

The Israeli army has killed the largest number of journalists of any modern conflict and detained more than 24. More than 140 journalists have been killed during the six months of war in the Israeli military's raids, bombardments and missile attacks across the Gaza Strip.

The humanitarian situation in Gaza has worsened day by day as the Israeli army continues to prevent aid from reaching the region, resulting in starvation being utilized as a tactic of warfare as over a million are at risk of starvation, with international groups warning of an “imminent” famine.

At least 27 Palestinians have already died from malnutrition and dehydration, according to international NGOs.

Displacement

More than 80 percent of Gaza’s population (Over 1.9 million Palestinians) have been intentionally displaced as the Israeli military ordered Palestinians to “go south” from the start of the war.

Some 1.4 million people are believed to be sheltering in Rafah, a small city on Gaza’s southern border with Egypt which is being bombarded by the Israeli forces every day as they have left no safe zone for the Palestinians to live.

Infrastructure damage

The estimated $18.5 billion in damage has affected public service infrastructure, resulting in 26 million tons of debris and rubble.

Over 290,000 housing units, equivalent to 62 percent of all homes in Gaza, have been damaged or destroyed by the war, leaving more than a million people homeless.

Only a fraction of hospitals, 10 out of 36, are operational following severe damage, leading to overwhelming strain on their limited resources.

Al-Shifa Hospital, the largest medical facility in Gaza, has been left severely damaged and burned after enduring a relentless two-week-long siege. The compound, which witnessed the loss of at least 400 lives and the arrest of hundreds, now faces a dire situation.

With an acute shortage of medicine and healthcare professionals on the brink of exhaustion and starvation, the majority of patients in Gaza are unable to receive the treatment they desperately need.

The scarcity of resources has forced medical teams to carry out operations and amputations without the availability of anesthetic, further exacerbating the already dire circumstances.

Political resolutions

On March 6, South Africa filed an “urgent request” with the International Court of Justice (ICJ) and requested for additional provisional measures issued on January 26.

In January, the ICJ ordered Israel to refrain from any acts that could fall under the Genocide Convention and ensure its troops commit no genocidal acts against Palestinians in Gaza. Israel described the genocide allegation as baseless.

On Friday, the United Nations Human Rights Council adopted a resolution, calling for a halt to all arms sales to Israel, and for the regime to be held accountable for possible war crimes in the Gaza Strip.

Moreover, the UN Security Council adopted a resolution last month, demanding an “immediate ceasefire” for the Muslim holy month of Ramadan. The resolution is the first to be approved by the council after three previous attempts during the past five months of war were vetoed by the US.

Meanwhile, during the months of war, protests around the world have been held in support of Palestine, calling for an immediate ceasefire and halt to arms sales to Israel.

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News Network
April 13,2024

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New Delhi, May 13: Warmongering Israel is bracing for a potential direct attack by Iran as warnings grow of retaliation for the provocative killing last week of a senior officer in Iran's embassy in Damascus. US and other intelligence assessments have said the retaliation could come as soon as Sunday. The unprecedented attack could trigger an all-out regional war.

US President Joe Biden has also warned Israel that he expects a strike from Iran soon, but has warned the clerical state not to attack.

"I don't want to get into secure information but my expectation is sooner than later," Biden told reporters after an event.

Asked what his message was to Iran on striking Israel, Biden said, "Don't."

An assault from Iranian soil has emerged as one of the main scenarios expected by the Jewish state and its allies, according to reports by the Wall Street Journal and Bloomberg. A bombardment with drones and precision missiles could come within the next 24 hours, the reports said citing people familiar with the matter.

Any Iranian attack on Israel would likely be a combination of missiles and drones, based on current capabilities outlined in a new Defense Intelligence Agency Worldwide Threat assessment released late Thursday.

The regime "has a substantial inventory of ballistic and cruise missiles capable of striking targets as far as 2,000 kilometers from its borders," the agency said.

The US has rushed additional military assets to protect Israel and American forces in the region. The country has moved two Navy destroyers to the Eastern Mediterranean Sea, according to a Navy official. One is the USS Carney, which was recently in the Red Sea performing air defence against Houthi drones and anti-ship missiles.

America has also doubled down its diplomatic efforts to rein in hostilities in the region, which has been on the edge since Israel launched a mega offensive on Palestine to destroy the militant organisation Hamas.

US officials have been working to send messages to Iran, including through an established Swiss channel, while talking to Israel, Saudi Arabia, Qatar, and other governments. Biden has also sent the head of US Central Command, General Michael Kurilla, to Israel for urgent talks on the threat from Iran.

The 'shadow war' between the two Middle Eastern countries heated up when an Israeli airstrike hit the Iran consulate in Damascus, killing seven people, including two generals. Iran immediately issued a statement saying that it is prepared for war and will deliver a "slap" to Israel.

Israel has been on alert since then, canceling home leave for combat troops, calling up reserves, and bolstering air defenses. Its military scrambled navigational signals over Tel Aviv on Thursday to disrupt GPS-navigated drones or missiles that might be fired at the country.

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News Network
April 14,2024

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Tehran: Iran’s Islamic Revolution Guards Corps (IRGC) has launched “extensive” retaliatory missile and drone strikes against the occupied territories in response to the Israeli regime’s terrorist attack of April 1 against the Islamic Republic’s diplomatic premises in the Syrian capital Damascus.

The Corps announced launching the strikes in a statement on Saturday night, defining the mission as "Operation True Promise."

“In response to the Zionist regime’s numerous crimes, including the attack on the consular section of Iran’s Embassy in Damascus and the martyrdom of a number of our country’s commanders and military advisors in Syria, the IRGC’s Aerospace Division launched tens of missiles and drones against certain targets inside the occupied territories,” the statement read.

Iran's Defense Minister Brigadier General Mohammad Reza Ashtiani, meanwhile, warned that “Whatever country that could open its soil or airspace to Israel for a [potential] attack on Iran, will receive our decisive response.”

The Israeli attack had resulted in the martyrdom of Brigadier General Mohammad Reza Zahedi, a commander of the IRGC's Quds Force, his deputy, General Mohammad Hadi Haji Rahimi, and five of their accompanying officers.

The terrorist attack drew sharp condemnation from senior Iranian political and military leaders, who vowed "definitive revenge."

During a speech in Tehran on Wednesday after leading the Eid al-Fitr prayers, Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei said the Israeli regime “must be punished and will be punished” for the deadly strike on the Iranian diplomatic premises.

The Leader added, “The evil Zionist regime committed another mistake ...  and that was the attack on the Iranian consulate in Syria. The consulate and diplomatic missions in any country are considered to be the territory of that country. When they attack our consulate, it means they have attacked our soil."

In a subsequent statement, the IRGC said the retaliation came after 10 days of "silence and neglect" on the part of the international organizations, especially the United Nations Security Council, to condemn the Israeli aggression or punish the regime in line with Article 7 of the UN Charter.

Iran then resorted to the retaliatory strikes, the Corps added, "using its strategic intelligence capabilities, missiles, and drones" to attack "targets of the Zionist terrorist army in the occupied territories, successfully hitting and destroying them."

The statement, meanwhile, warned the United States -- the Israeli regime's biggest supporter -- that "any support or participation in harming Iran's interests will result in a decisive and regrettable response by the Armed Forces of the Islamic Republic."

"Furthermore, America is held responsible for the evil actions of the Zionist regime, and if this child-killing regime is not restrained in the region, it will bear the consequences," it noted.

The Corps concluded the statement by cautioning third countries against letting their soil or airspace be used for attacks against the Islamic Republic.

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