Trump to Be Guest of Honor at Saudi Arabia’s Future Investment Initiative Summit in Miami

Trump delivers a speech at last year's edition of the event. (Asharq Al-Awsat)
Trump delivers a speech at last year's edition of the event. (Asharq Al-Awsat)
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Trump to Be Guest of Honor at Saudi Arabia’s Future Investment Initiative Summit in Miami

Trump delivers a speech at last year's edition of the event. (Asharq Al-Awsat)
Trump delivers a speech at last year's edition of the event. (Asharq Al-Awsat)

The Future Investment Initiative (FII) Institute announced that US President Donald Trump will participate as a guest of honor and speaker at the fourth edition of the “Priority Future Investment Initiative” summit in Miami, scheduled to be held from March 25 to 27.

Trump is scheduled to deliver a keynote speech in person during the summit's closing session on March 27. The appearance marks the second time Trump has addressed this international gathering of leaders, investors, and decision-makers on the platform, reflecting the growing strategic importance of this summit in global economic circles.

Trump's participation comes at a very sensitive time for the global economy, which is reeling under the weight of escalating energy crises and sharp jumps in oil prices that have exceeded the $100 mark.

The global audience in Miami will be waiting to see Trump's vision on how to manage these developments and his philosophy towards the movement of capital in light of current geopolitical conflicts.

In last year's edition, Trump reaffirmed that the golden age of the United States had officially begun, considering the economic progress that had occurred since he took office to be "amazing."

This year's summit is being held under the slogan "Capital in Motion," where it seeks to explore how capital moves, adapts, and leads in a rapidly fragmenting world.

The agenda focuses intensively on the role of investment, technology, and policies in achieving sustainable and inclusive growth, while highlighting Latin America region and the Americas as a center of the current global transformation.

The summit brings together an elite group of senior officials, investors, and innovators, and prominent from the Saudi side is a high-level presence that includes the Governor of the Public Investment Fund and Chairman of the Board of Directors of the Future Investment Initiative Foundation Yasir Al-Rumayyan, Minister of Finance Mohammed Al-Jadaan, Minister of Tourism Ahmed Al-Khateeb, and the Ambassador of the Custodian of the Two Holy Mosques to the United States, Princess Reema bint Bandar Al Saud.

The list of speakers also includes prominent names, such as Steve Witkoff, the US envoy to the Middle East, and Dina Powell McCormick, Vice President of Meta, in addition to the participation of Donald Trump Jr.

The slogan of the fourth edition, "Capital in Motion," reflects an accelerated global reality that knows no stillness, where resources, talents, and ideas flow across borders, industries, and technologies at an unprecedented pace. In light of slowing global growth, persistently high interest rates for longer, and sharp geopolitical rifts, the summit is redrawing the map of investment returns.

The summit is expected to attract more than 1,500 delegates from around the world, forming an economic bridge linking the Middle East, the United States, and the emerging Latin American markets.



EU-Mercosur Trade Deal to Apply Provisionally from May 1

FILE PHOTO: EU flags flutter in front of European Central Bank (ECB) headquarters in Frankfurt, Germany July 18, 2024. REUTERS/Jana Rodenbusch/File Photo/File Photo
FILE PHOTO: EU flags flutter in front of European Central Bank (ECB) headquarters in Frankfurt, Germany July 18, 2024. REUTERS/Jana Rodenbusch/File Photo/File Photo
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EU-Mercosur Trade Deal to Apply Provisionally from May 1

FILE PHOTO: EU flags flutter in front of European Central Bank (ECB) headquarters in Frankfurt, Germany July 18, 2024. REUTERS/Jana Rodenbusch/File Photo/File Photo
FILE PHOTO: EU flags flutter in front of European Central Bank (ECB) headquarters in Frankfurt, Germany July 18, 2024. REUTERS/Jana Rodenbusch/File Photo/File Photo

The EU said Monday a free trade agreement with South American bloc Mercosur will provisionally enter into force on May 1 -- despite a pending court ruling on its legality.

"Today is an important step in demonstrating our credibility as a major trading partner," EU trade chief Maros Sefcovic said, adding "provisional application will allow" Brussels to start delivering on the promise of "new opportunities for trade, growth and jobs" for exporters.

The key ⁠trade elements of ⁠the accord, which has proven contentious in Europe, will apply from that ⁠date between the 27-nation European Union and the countries in Mercosur that have completed their ratification procedures before the end of March.

"Argentina, Brazil and Uruguay have ⁠already ⁠done so. Paraguay has recently ratified the agreement and is expected to send its notification soon," the Commission said in a statement.


Saudi Arabia’s Mawani Adds 5 Shipping Services

Yanbu Commercial Port. SPA
Yanbu Commercial Port. SPA
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Saudi Arabia’s Mawani Adds 5 Shipping Services

Yanbu Commercial Port. SPA
Yanbu Commercial Port. SPA

The Saudi Ports Authority (Mawani) said Monday that it has added five new maritime shipping services to enhance the connectivity of the Kingdom’s ports with global markets.

The move was done in partnership with major global shipping lines MSC, CMA CGM, Maersk, and Hapag-Lloyd, with a total capacity exceeding 63,000 TEUs, supporting the smooth flow of goods, enhancing supply chain efficiency, and reinforcing the Kingdom’s position as a global logistics hub, Mawani said.

It also announced a trade bridge connecting Sharjah in the United Arab Emirates with the Kingdom.

This step enhances logistics integration and supports the smooth flow of goods between the two countries with high operational efficiency, Mawani added.


China Limits Fuel Price Hike to Cushion Impact of Rising Oil Prices

A rider passes by motorists queue to pump gasoline at a petrol station in Beijing, Sunday, March 22, 2026. (AP Photo/Andy Wong)
A rider passes by motorists queue to pump gasoline at a petrol station in Beijing, Sunday, March 22, 2026. (AP Photo/Andy Wong)
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China Limits Fuel Price Hike to Cushion Impact of Rising Oil Prices

A rider passes by motorists queue to pump gasoline at a petrol station in Beijing, Sunday, March 22, 2026. (AP Photo/Andy Wong)
A rider passes by motorists queue to pump gasoline at a petrol station in Beijing, Sunday, March 22, 2026. (AP Photo/Andy Wong)

China intervened to cushion rising fuel prices on Monday, increasing regulated ceiling prices for retail gasoline and diesel but limiting the hike to about half what would normally be applied under the government's pricing mechanism.

However, the adjustments brought on by rising oil prices linked to the US-Israeli war on Iran were still the largest on record, lifting price limits close to levels seen in 2022 following Russia's invasion of Ukraine.

The state ⁠planner, the National ⁠Development and Reform Commission, said on Monday it would raise the maximum retail prices for gasoline and diesel by 1,160 yuan ($167.93) per metric ton and 1,115 yuan per metric ton, respectively, starting from Monday midnight, Reuters reported.

The NDRC reviews retail gasoline and diesel ⁠prices every 10 working days and applies adjustments reflecting changes in international crude oil prices, while taking into account average processing costs, taxes, distribution expenses, and appropriate profit margins.

Under the current pricing mechanism, gasoline and diesel prices would have been set to rise by 2,205 yuan per metric ton, and 2,120 yuan per metric ton, respectively, according to NDRC.

"To cushion the impact, ease the burden on downstream users, and support ⁠economic ⁠and social stability, authorities introduced temporary controls within the existing pricing framework," the state's planner said in an announcement.

Oil prices rose on Monday after Iran's Revolutionary Guards said they would target Israel's power plants and those supplying US bases in the Middle East in retaliation against any attack on its electricity sector.

Brent crude futures were up $1.57 to $113.76 a barrel by 0731 GMT. US West Texas Intermediate was at $101.32 a barrel, up $3.09, or 3.15%.