{"id":647794,"date":"2017-05-21T04:04:57","date_gmt":"2017-05-21T04:04:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/21\/arab-american-summit-kicks-off-in-riyadh\/"},"modified":"2017-05-21T04:04:57","modified_gmt":"2017-05-21T04:04:57","slug":"arab-american-summit-kicks-off-in-riyadh","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/21\/arab-american-summit-kicks-off-in-riyadh\/","title":{"rendered":"Arab-American Summit kicks off in Riyadh"},"content":{"rendered":"

<\/a> The Donald makes more headlines than most:<\/strong> Dozens of world leaders and business executives began their descent on the Saudi capital over the weekend to attend the Arab-Islamic-American Summit set to kick-off today, but none were in the spotlight in the same way as US President Donald Trump, whosevisit was hailed<\/strong><\/a> as the \u201cbeginning of a new era\u201d in Saudi-US relations<\/strong>.<\/p>\n

Trump and Saudi Arabia\u2019s King Salman Bin Abdulaziz Al Saud signed a series of <\/strong>agreements on Saturday, including a USD 110 bn arms agreement<\/strong>, according to an official statement from the White House<\/a> \u201cThis package of defense equipment and services supports the long-term security of Saudi Arabia and the Gulf region in the face of malign Iranian influence and Iranian related threats.\u201d The agreement also extends an additional USD 350 bn in arms to KSA over the next decade, according to the Independent<\/a>. The New York Times does an excellent job here<\/a> breaking down the agreement.<\/p>\n

King Salman and the US President also signed a \u201cjoint strategic vision statement\u201d<\/strong> that promises \u201cclose collaboration to counter violent extremism, disrupt the financing of terrorism, and advance defense cooperation,\u201d according to the White House. Trump also talked counterterrorism with Saudi\u2019s Crown Prince<\/a> Mohammed Bin Nayef at Al Yamamah palace on Saturday, according to the Saudi news agency<\/a> (watch The Donald join<\/strong><\/a> the traditional welcome dance<\/strong> performed in his honor, runtime 1:58). The leaders were also both present as Saudi and US business executives inked agreements north of USD 280 bn. <\/strong><\/p>\n

Big Business at the trough: <\/strong>US companies signed USD 50 bn in agreements<\/a> with Saudi Aramco, while GE closed contracts worth USD 15 bn<\/a> in fields including power, healthcare, oil and gas, and mining.
\nPresident Abdel Fattah El Sisi arrived in Riyadh on Saturday, <\/strong>where he first talked cooperation with the presidents of Burkina Faso and Tajikistan, Ahram Online reported<\/a>. El Sisi will be giving a speech today about Egypt\u2019s counterterrorism strategy and is expected to hold one-on-ones with several of the leaders in attendance.<\/p>\n

The Wall Street Journal<\/a>\u2019s Yaroslav Trofimov has a long look at how Cairo and Riyadh <\/strong>patched up their differences this spring<\/strong> ahead of the gathering. The lede is priceless: \u201cIn private, Egyptian officials like to complain about arrogant and uncouth Saudis. In Riyadh, there is just as much eye-rolling about the supposedly unreliable and incompetent Egyptians. Periodically, this tension erupts into open spats. Yet these quarrels only go so far: no matter the mutual frustration, the Arab world\u2019s most populous country and its economic powerhouse simply can\u2019t afford not to get along with each other.\u201d Still up in the air: <\/strong>The fate of Smurf Islands (as we prefer to think of Tiran and Sanafir) and \u201cSaudi requests for a greater Egyptian role in the Yemen war.\u201d<\/p>\n

Investment Minister Sahar Nasr was also in Riyadh this weekend <\/strong>for the Islamic Development Bank\u2019s (IDB) 42nd annual meeting. Nasr and IDB President Bandar Hajjar discussed the bank developing a new cooperation strategy to provide Egypt with USD 3 bn in financing over the coming three years, according to a ministry statement<\/a>. Nasr also signed an MoU with the Islamic Corporation forthe Development of the Private Sector (ICD-PS<\/a>) to provide an undisclosed amount of funding for infrastructure investments in Egypt, the ministry said<\/a> (pdf), in addition to a USD 10 mn funding agreement with Islamic Development Bank Chairman Bandar Hajjar to combat avian influenza. Nasr also met Saudi Arabia\u2019s Economy and Planning Minister, Adel Mohamed Fakieh, to discuss economic cooperation, Al Mal reports<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Donald makes more headlines than most: Dozens of world leaders and business executives began their descent on the Saudi capital over the weekend to attend the Arab-Islamic-American Summit set to kick-off today, but none were in the spotlight in the same way as US President Donald Trump, whosevisit was hailed as the \u201cbeginning of […]<\/p>\n","protected":false},"author":1,"featured_media":647795,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-647794","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"ccc3705a-82e8-447b-b7cc-1234376e042f","order":"0","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/12\/505.jpg","photo_position":"above","related_issue":[647785],"teaser":"","voice_url":""},"yoast_head":"\nArab-American Summit kicks off in Riyadh - 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El Sisi welcomed the invitation and in turn invited Salman back to Egypt, according to a\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2017\/3\/1785.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547569,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/27\/regional-leaders-meet-for-negev-summit-2-ahead-of-biden-visit-renewed-iranian-nuclear-talks\/","url_meta":{"origin":647794,"position":2},"title":"Regional leaders meet for Negev summit #2 ahead of Biden visit, renewed Iranian nuclear talks","author":"enterpriseam admin","date":"27 June 2022","format":false,"excerpt":"A second Negev summit will aim to cement new regional alliances ahead of avisit toSaudi Arabia in July by US President Joe Biden, and amid reports that a new round of talks on reviving the US-Iran 2015 nuclear agreement is imminent. Israeli officials will meet today with officials from Bahrain,\u2026","rel":"","context":"In "Diplomacy"","block_context":{"text":"Diplomacy","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/diplomacy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":642942,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/27\/qatar-restores-diplomatic-ties-with-iran\/","url_meta":{"origin":647794,"position":3},"title":"Qatar restores diplomatic ties with Iran","author":"enterpriseam admin","date":"27 August 2017","format":false,"excerpt":"REGIONAL- Qatar has restored diplomatic ties with Iran \u201cin a move set to further inflame tensions with the four Arab states it has been locked in a regional dispute with since June,\u201d Financial Times reports. Qatar and other GCC countries had recalled their ambassadors from Iran after mobs damaged Saudi\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":559582,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/26\/egypt-backs-aboul-gheit-for-second-arab-league-term\/","url_meta":{"origin":647794,"position":4},"title":"Egypt backs Aboul Gheit for second Arab League term","author":"enterpriseam admin","date":"26 January 2021","format":false,"excerpt":"Egypt plans to nominate Ahmed Aboul Gheit to serve a second five-year term as secretary-general of the Arab League, Saudi\u2019s Asharq News reports, citing what it says are diplomatic sources. Egypt will make it official in the coming days, preparing for the March Arab League summit at which the next\u2026","rel":"","context":"In "AROUND THE WORLD"","block_context":{"text":"AROUND THE WORLD","link":"https:\/\/enterpriseam.com\/egypt\/category\/around-the-world\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601310,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/the-eu-arab-league-summit\/","url_meta":{"origin":647794,"position":5},"title":"The EU-Arab League summit","author":"enterpriseam admin","date":"25 February 2019","format":false,"excerpt":"The EU-Arab League summit is the only real coverage Egypt is getting in the foreign press this morning. Other headlines worth noting in brief include: Tourism numbers this year could beat the 15 mn visitors record of 2010 when Russian flights to Red Sea resorts resume, Hamza Hendawi writes for\u2026","rel":"","context":"In "EGYPT IN THE NEWS"","block_context":{"text":"EGYPT IN THE NEWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-in-the-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/647794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=647794"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/647794\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/647785"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/647795"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=647794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=647794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=647794"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=647794"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=647794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}