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Trump starts Gulf visit in Saudi Arabia, focus on mega economic deals

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Last Updated on: May 14, 2025

U.S. President Donald Trump began a tour of wealthy Gulf states on Tuesday by visiting Saudi Arabia, with his focus on securing trillions of dollars in investments rather than security issues ranging from war in Gaza to Iran’s nuclear program.

Emerging from Air Force One, Trump punched the air in a show of solidarity when Crown Prince Mohammed bin Salman greeted him at the airport after his arrival in Riyadh with a who’s who of business leaders in tow including billionaire Elon Musk.

Trump will go on from Riyadh, which is hosting a Saudi-US Investment Forum, to Qatar on Wednesday and the United Arab Emirates on Thursday. But he has not scheduled a stop in Israel, a decision that has raised questions about where the close ally stands in Washington’s priorities.

“While energy remains a cornerstone of our relationship, the investments and business opportunities in the kingdom have expanded and multiplied many, many times over,” Saudi Investment Minister Khalid al-Falih said as he opened the forum.

“As a result … when Saudis and Americans join forces very good things happen, more often than not great things happen when those joint ventures happen,” he said before Trump’s arrival.

Trump hopes to secure trillions of dollars of investments from the Gulf oil producers. Saudi Arabia had pledged $600 billion but Trump has said he wants $1 trillion from the kingdom, one of Washington’s most important strategic partners.

The Saudi-US Investment Forum began with a video showing soaring eagles and falcons that celebrated the long history between the United States and the kingdom.

At the front of a palatial hall sat Larry Fink, the CEO of asset management firm BlackRock, Stephen A. Schwartzman, CEO of asset manager Blackstone, Treasury Secretary Scott Bessent, and Saudi Finance Minister Mohammed Al Jadaan and Falih.

Speaking at a forum panel, Fink said he had traveled to Saudi Arabia more than 65 times over 20 years. While the kingdom had been a follower when he first started visiting, it was now “taking control” and broadening its economy out of its oil base, he said.

Musk chatted briefly with both Trump and the crown prince, who is otherwise known as MbS, during a reception at a palace for the U.S. president.

MbS has focused on diversifying the kingdom’s economy in a major reform programme dubbed Vision 2030 that includes “Giga-projects” such as NEOM, a futuristic city the size of Belgium.

The kingdom has had to scale back some of its lofty ambitions as rising costs and falling oil prices weigh.

Joining Trump for a lunch with MbS are top U.S. businessmen including Musk, the Tesla and SpaceX chief, and OpenAI CEO Sam Altman.

LONG TIES BASED ON OIL AND SECURITY

Saudi Arabia and the U.S. have maintained strong ties for decades based on an ironclad arrangement in which the kingdom delivers oil and the superpower provides security.

Trump has also said he may travel on Thursday to Turkey for potential talks between Vladimir Putin and Volodymyr Zelenskiy on Russia’s war in Ukraine. An aide to Zelenskiy said the Ukrainian president would take part only if Putin does. The Russian leader has not said if he will attend, and has questioned Zelenskiy’s legitimacy.

Trump’s second foreign trip since returning to the presidency in January – his first was to Rome for Pope Francis’ funeral – comes at a time of geopolitical tension.

In addition to pressing for a settlement in Ukraine, his administration is pushing for a new aid mechanism for Gaza after 19 months of war and urging Israeli Prime Minister Benjamin Netanyahu to agree a new ceasefire deal there.

Israeli officials have put a brave face on Trump’s decision to bypass Israel during his trip but there are growing doubts in Israel about its position in his priorities as frustration mounts in Washington over the failure to end the Gaza war.

Over the weekend, U.S. and Iranian negotiators met in Oman to discuss a potential deal to curb Tehran’s nuclear program. Trump has threatened military action against Iran if diplomacy fails.

Iran’s Nournews quoted armed forces chief of staff Mohammad Bagheri as saying on Tuesday that Iran’s neighbours should retain neutrality and that any aggression against Iran would lead to definitive retaliation.

Trump is expected to offer Saudi Arabia an arms package worth more than $100 billion, sources told Reuters. This could include a range of advanced weapons.

Trump’s Middle East envoy, Steve Witkoff, said last week he expected progress imminently on expanding the Abraham Accords, a set of deals brokered by Trump in his first term by which Arab states including the UAE, Bahrain and Morocco recognised Israel.

But opposition by Netanyahu to a permanent stop to the war in Gaza or to the creation of a Palestinian state makes progress on similar talks with Riyadh unlikely, sources told Reuters.

(Reuters)

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Putin questions US punishing India for buying Russian oil

Hours earlier, Modi received Putin at the airport in Delhi, a rare gesture underlining the warm ties between the leaders.

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Russian President Vladimir Putin challenged heavy U.S. pressure on India not to buy Russian fuel if the U.S. could do so as he began a two-day state visit, where he was embraced on arrival by Indian Prime Minister Narendra Modi.

Putin spoke in comments to Indian broadcaster India Today, aired hours after landing in New Delhi for a visit during which both countries are seeking to boost mutual trade and expand the variety of items in transactions.

New Delhi and Moscow have strong ties going back to the days of the former Soviet Union, and Russia has been the main source of arms for India for decades. India has also emerged as the top buyer of seaborne Russian oil despite Western sanctions imposed after Moscow launched its invasion of Ukraine in February 2022.

India’s crude imports, however, are set to hit a three-year low this month following a punitive U.S. tariff on Indian goods and a tightening of sanctions on Russia, as U.S. President Donald Trump’s administration says India’s purchases of cheap Russian oil help finance Moscow’s war in Ukraine.

“The United States itself still buys nuclear fuel from us for its own nuclear power plants. That is also fuel,” Putin told India Today.

“If the U.S. has the right to buy our fuel, why shouldn’t India have the same privilege? This question deserves thorough examination, and we stand ready to discuss it, including with President Trump,” he said.

India has said Trump’s tariffs are unjustified and unreasonable and pointed at ongoing U.S. trade with Moscow. The U.S. and European Union continue to import billions of dollars worth of Russian energy and commodities, ranging from liquefied natural gas to enriched uranium.

“There is a certain decline in overall trade turnover during the first nine months of this year,” Putin said when asked if Indian oil purchases had fallen under pressure from the West.

“This is just a minor adjustment. Overall, our trade turnover stands almost at the same level as before.”

He added: “Trade in petroleum products and crude oil … Russian oil, is running smoothly in India.”

Asked how India and Russia should deal with Trump and his tariffs, Putin said the U.S. President has advisers who believe that implementing such tariff policies ultimately benefits the U.S. economy. “We hope that, in the end, all violations of World Trade Organization regulations will be rectified,” he said.

Hours earlier, Modi received Putin at the airport in Delhi, a rare gesture underlining the warm ties between the leaders.

They embraced on a red carpet on the tarmac and then drove away in the same vehicle for a private dinner hosted by Modi.

Senior Russian ministers and a large Russian business delegation were in New Delhi for Putin’s visit and the two leaders will hold summit talks on Friday when they are expected to announce a raft of deals.

“Delighted to welcome my friend, President Putin to India. India-Russia friendship is a time-tested one that has greatly benefited our people,” Modi posted on X ahead of the dinner.

India and Russia aim to raise two-way trade to $100 billion by 2030. Their commerce rose more than five-fold from about $13 billion in 2021 to near $69 billion in 2024–25, almost entirely driven by Indian energy imports.

Bilateral trade eased to $28.25 billion in April–August 2025, reflecting a decline in crude oil imports.

At the same time, India is looking for new destinations to increase exports of its goods hit by the punishing 50% tariff imposed by Trump.

Russia wants to import more Indian goods to balance bilateral trade, which is currently heavily skewed towards energy, Deputy Kremlin Chief of Staff Maxim Oreshkin told a business conference in New Delhi earlier on Thursday.

Indian Trade Minister Piyush Goyal said New Delhi wants to diversify exports to Russia and increase sales of automobiles, electronics goods, data-processing equipment, heavy machinery, industrial components, textiles, and foodstuffs.

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Sons of Pakistan’s jailed Imran Khan voice fears for his safety

The family has repeatedly sought access for Khan’s personal physician, who has not been allowed to examine him for more than a year, he added.

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The sons of Pakistan’s jailed former prime minister Imran Khan fear authorities are concealing “something irreversible” about his condition after more than three weeks with no evidence that he is still alive, one of them said, Reuters reported.

As court-ordered prison visits stay blocked and rumours swirl about possible prison transfers, his son, Kasim Khan, told Reuters the family has had no direct or verifiable contact with Khan, despite a judicial order for weekly meetings.

“Not knowing whether your father is safe, injured or even alive is a form of psychological torture,” he said in written remarks, adding that there had been no independently confirmed communication for a couple of months.

“Today we have no verifiable information at all about his condition,” the son added. “Our greatest fear is that something irreversible is being hidden from us.”

The family has repeatedly sought access for Khan’s personal physician, who has not been allowed to examine him for more than a year, he added.

Pakistan’s interior ministry did not respond to a request for comment. Speaking on condition of anonymity, a jail official told Reuters that Khan was in good health, adding that he was not aware of any plan for a move to a higher-security facility.

Khan, 73, has been in jail since August 2023, convicted in a string of cases that he says were politically driven following his ouster in a 2022 parliamentary vote, read the report.

His first conviction centred on accusations that he unlawfully sold gifts received in office, in a proceeding widely referred to as the Toshakhana case.

Later verdicts added lengthy jail terms, including 10 years on accusations of leaking a diplomatic cable and 14 years in a separate graft case tied to the Al-Qadir Trust, a charity project prosecutors say figured in improper land deals.

Khan’s party, the Pakistan Tehreek-e-Insaf (PTI), says the prosecutions aim to exclude him from public life and elections.

The family says the lack of communication has fuelled fears over what it calls a deliberate effort to push Khan out of public sight.

Television channels have been told not to use Khan’s name or image, leaving only a single grainy court picture on the internet as the only glimpse of him since his imprisonment.

“This isolation is intentional,” Kasim said, referring to the authorities he believes are keeping his father cut off. “They are scared of him. He is Pakistan’s most popular leader and they know they cannot defeat him democratically.”

Kasim and his older brother Suleiman Isa Khan, who live in London with their mother, Jemima Goldsmith, have kept a distance from Pakistan’s dynastic politics, Reuters reported.

The brothers, who call him “Abba”, have spoken publicly only sparingly mainly about Khan’s imprisonment.

Kasim added that the last time they saw their father was in November 2022, when they visited Pakistan after he survived an assassination attempt.

“That image has stayed with me ever since. Seeing our father in that state is something you don’t forget,” Kasim said.

“We were told he would recover with time. Now, after weeks of total silence and no proof of life, that memory carries a different weight.”

The family was pursuing internal and external avenues, such as appeals to international human rights organisations, and wanted court-ordered access restored immediately, he said.

“This is not just a political dispute,” Kasim said. “It is a human rights emergency. Pressure must come from every direction. We draw strength from him, but we need to know he is safe.”

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Gaza death toll tops 70,000, health ministry says

The war in Gaza began after Hamas-led militants killed 1,200 people, most of them civilians, and seized 251 hostages in their attack on southern Israel.

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The number of people confirmed killed in Israel’s offensive in the Gaza Strip has passed the 70,000 mark, the enclave’s health ministry said on Saturday.

A total of 301 people have been added to the toll since Thursday, taking it to 70,100, the ministry added. Two died in recent Israeli strikes, the rest were identified from remains buried for some time in the rubble, according to the statement.

There was no immediate comment from Israel, which has questioned the accuracy of the figures from Gaza, though it has not published its own estimate.

Israel’s bombardment of Gaza – triggered by the deadly October 7, 2023 Hamas attack on Israel – has left much of the strip in ruins, making it difficult to gather accurate information on casualties.

In the first months of the war, officials counted bodies that arrived in hospitals and registered names and identity numbers.

In the later stages, Gaza health authorities said they held off including thousands of reported deaths in the official tally until forensic, medical and legal checks could be made.

Since a fragile ceasefire took hold on October 10, the reported death toll has kept climbing steadily as authorities there take advantage of the relative calm to search for bodies in the wreckage.

The war in Gaza began after Hamas-led militants killed 1,200 people, most of them civilians, and seized 251 hostages in their attack on southern Israel.

Israel’s retaliatory offensive has shattered whole families.

Moaz Mghari said he had lost 62 relatives, including his parents and four siblings, in a series of Israeli airstrikes that destroyed two residential buildings near the entrance to Bureij camp in the central Gaza Strip.

He told Reuters he had been at a nearby clothing shop when he heard the sound of explosions and the sky turned dark with dust. He rushed home to find his family’s building turned to rubble.

“Then I began to realize what happened, I lost everything, I lost everyone,” Mghari, said.

Israel’s military has denied targeting civilians since the conflict started more than two years ago.

Pre-war Gaza had robust population statistics and better health information systems than in most Middle East countries, public health experts told Reuters.

The U.N. often cites the health ministry’s death figures and says they are credible.

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