nsucurrent.com April 26, 2018

Saudi Arabia's new crown prince to sit down with Wall Street

24 March 2018, 01:38 | Colleen Roy



The deadlock over an agreement has been an obstacle to the ability of firms using US material or technology to bid on construction contracts for a pair of electricity-producing reactors the Saudis want to build.

"Saudi Arabia is a very wealthy nation and they are going to give the United States some of that wealth hopefully, in the form of jobs, in the form of the purchase of the finest military equipment anywhere in the world", Trump said. There is now a growing expectation in Washington that the Trump administration will walk away from the nuclear deal later this year, using Iran's continued development of its ballistic missile programme and its unwanted meddling in the affairs of Arabs states as an excuse. Prince laughed on the way Trump was describing the defence deals between the two countries. "And I miss your father - a special man". Thousands of American jobs will result, Trump said, even voicing approval for the crown prince's "tremendous" move previous year to push aside his older cousin to become first-in-line to his father King Salman's throne. That country has sustained heavy bombardment by Saudi jet fighters using US intelligence, and more than 10,000 civilians have been killed since 2014 while millions more have been displaced or face starvation, according to human rights groups.

He recalled counterterrorism agreements made with Islamic nations during his visit last May to Saudi Arabia and said "the relationship is probably stronger than it's ever been".

"Letting the deal go through without the prohibitions (on nuclear weapons) would be potentially disastrous", the group said. The official translators with the two leaders were looking surprised.

MBS, the crowned prince of Saudi believes in maintaining the US-Saudi alliance which started more than 80 years back. "The foundation of the relation is really huge and deep".

BlackRock Inc CEO Larry Fink, who is traveling for the China Development Forum in Beijing this weekend, was not expected to attend the Saudi-US event, a person familiar with the matter said. The United States has not formally backed the Saudi coalition, but provided targeted intelligence to the bombing campaign and has assisted with refueling coalition bombers. Senators voted 55-44 to table the resolution, effectively killing it, according to The New York Times. Bernie Sanders, I-Vt., and Sen. "Allies should understand that USA support is not open-ended and that Congress will intervene when there is evidence of rights abuses and war crimes violations".

Trump held up charts to show the depth of Saudi purchases of US military hardware, ranging from ships to missile defense to planes and fighting vehicles.

The poster's list of finalized sales fell far short of the $110 billion figure that Trump cited during his visit to Riyadh last May, and some were initiated and approved during the Obama administration.

Since Trump took office past year and visited Saudi Arabia on his first foreign trip, Riyadh and Washington have strengthened ties and sought to work together on mutual goals involving Iran, such as curbing its rising influence in the Mideast.

A Senior analyst associated with Aljazeera Marwan Bishara has said that MBS reception in the Oval Room was a "tragicomedy".

A Saudi-led coalition is fighting to counter the influence of mainly Shi'ite Iran, an ally of the Huthi rebels who deny any help from Tehran and say they are fighting a revolution against corrupt politicians and Persian Gulf powers who are controlled by the West.

Prince Mohammed is now in the United States, having already visited Britain earlier this month.

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