Saudi Arabia and Qatar have repaid Syria’s $15.5 million debt to the World Bank’s International Development Association, enabling Syria to access future loans. This payment, announced last month, is intended to facilitate Syria’s post-conflict recovery and reconstruction efforts. The World Bank’s reengagement with Syria will prioritize improving access to electricity, addressing widespread power shortages impacting 90% of the population living in poverty. However, existing Western sanctions remain a significant obstacle to broader development and reconstruction.
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Donald Trump’s recent visit to Saudi Arabia, marked by effusive praise for Crown Prince Mohammed bin Salman, has drawn sharp criticism from 9/11 victims’ families. While Trump lauded MBS’s economic achievements, ignoring the kingdom’s alleged role in the attacks, some victims’ family members expressed profound pain and anger at this perceived betrayal of the “Never Forget” pledge. This stark contrast highlights the deep divisions surrounding Saudi Arabia’s involvement in 9/11 and the ongoing struggle for accountability and justice. Differing opinions exist among victims’ families themselves, with some prioritizing pursuing justice against the U.S. intelligence agencies while others focus on Saudi culpability.
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President Trump concluded his speech at a Saudi Arabian investment forum with the Village People’s “YMCA,” a song widely considered a gay anthem, playing as he was joined on stage by Crown Prince Mohammed bin Salman. This event directly contrasts Saudi Arabia’s anti-LGBTQ+ laws, including the death penalty for same-sex relations. The song’s use at Trump rallies, including this instance, has been a source of significant controversy, despite denials of LGBTQ+ themes by the song’s heterosexual songwriter. The juxtaposition of the song’s history and the event’s location highlights the complex and conflicting narratives surrounding the event.
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Since President Trump’s first term, his family’s business dealings in the Middle East have more than tripled, encompassing numerous new projects announced after his reelection. This expansion raises ethical concerns regarding potential conflicts of interest, as critics argue that the President may prioritize personal profit over national interests. While the Trump Organization claims to avoid dealings with foreign governments, several new ventures involve entities linked to Saudi Arabia and Qatar’s sovereign wealth funds. This close relationship between the Trump family’s business interests and Middle Eastern nations has prompted investigations and concerns about potential undue influence on US policy.
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During President Trump’s Middle Eastern trip, a custom mobile McDonald’s unit was deployed near the media center, highlighting the President’s known fondness for the fast-food chain. This visit, Trump’s first major international trip since his return to office, involved significant economic initiatives, with announced investment pledges totaling hundreds of billions of dollars. The warm reception, including a personal greeting by Crown Prince Mohammed bin Salman, contrasted sharply with President Biden’s 2022 visit and signaled a significant shift in U.S.-Saudi relations. Experts characterized the trip as transactional and personality-driven, focusing on large-scale economic deals.
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President Trump and Saudi Crown Prince Mohammed bin Salman finalized a landmark $600 billion investment agreement, encompassing energy, mining, and defense sectors. A significant component of this deal is a nearly $142 billion arms sale, touted as the largest in history. The White House emphasizes the deal’s strengthening of US energy security and technological leadership. Trump lauded the agreement as fostering economic growth and a more prosperous future for the Middle East.
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Oil tumbles as OPEC+, led primarily by Saudi Arabia, accelerates its output hikes, creating a looming global oil surplus. This strategic move appears multifaceted, potentially aiming to punish several nations for failing to adhere to production quotas, particularly Iraq and Kazakhstan.
The decision to increase oil production despite the looming threat of a global recession is a bold one. It suggests a deliberate attempt to strategically lower prices, impacting various global players. One prominent target seems to be Russia, whose war-torn economy heavily relies on oil exports. A significant price drop could severely cripple Russia’s ability to fund its ongoing military operations in Ukraine.… Continue reading
Upcoming peace talks in Saudi Arabia will involve Ukrainian and US officials, following confirmation of simultaneous US-Russia talks. Zelensky urged Russia to cease its “unnecessary demands,” including halting military aid to Ukraine and forgoing NATO membership for Ukraine, as these only prolong the conflict. He rejected the idea of US ownership of Ukrainian nuclear power plants, though he is open to US investment and modernization. A ceasefire, according to Zelensky, must begin with a land and sea halt to Russian aggression.
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Zelenskyy postponed his previously scheduled visit to avoid coinciding with the U.S.-Russia talks in Riyadh, held on February 18th, emphasizing Ukraine’s exclusion from these discussions. The nearly five-hour meeting between U.S. and Russian foreign ministers resulted in agreements to restore embassy staffing and establish missions focused on peace negotiations. However, reports of a potential three-stage peace plan, including Ukrainian elections, were met with Zelenskyy’s firm rejection of any Russian ultimatums. Ukraine’s position remains that no decisions regarding the war can be made without its direct involvement.
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In Riyadh, Saudi Arabia, high-level U.S. and Russian officials met to discuss improving bilateral relations and ending the war in Ukraine. The talks, led by Secretary of State Rubio and Foreign Minister Lavrov, focused on establishing a consultation mechanism and high-level teams to develop a path towards a sustainable peace in Ukraine. Although Ukraine was not initially included, U.S. officials asserted that Ukraine and its European allies would be consulted and involved in future negotiations. The discussions also included explorations of economic cooperation and investment opportunities as part of a potential resolution.
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