Trump to Face Mixed Welcome at Elite Davos Gathering

US President Donald Trump pumps his fist as he boards Air Force One upon departure from Joint Base Andrews in Maryland, U.S., January 12, 2018. REUTERS/Kevin Lamarque
US President Donald Trump pumps his fist as he boards Air Force One upon departure from Joint Base Andrews in Maryland, U.S., January 12, 2018. REUTERS/Kevin Lamarque
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Trump to Face Mixed Welcome at Elite Davos Gathering

US President Donald Trump pumps his fist as he boards Air Force One upon departure from Joint Base Andrews in Maryland, U.S., January 12, 2018. REUTERS/Kevin Lamarque
US President Donald Trump pumps his fist as he boards Air Force One upon departure from Joint Base Andrews in Maryland, U.S., January 12, 2018. REUTERS/Kevin Lamarque

In Davos this week, participants can experience "a day in the life of a refugee." Or hear about ways to uphold the Paris climate accord and promote free trade. Or rub elbows with any number of leaders until US President Donald Trump enters.

The World Economic Forum in Davos, Switzerland, is meant — pretentiously perhaps — to be a place for the world's decision-makers to put their power to good use. The theme this year is "Creating a Shared Future in Fractured World," an ambition not likely to turn up on the US president's Twitter feed.

Instead, Trump will bring his zero-sum message of "America First," and will speak last among the parade of world leaders — from places like India, France and Canada — who are gathering from Tuesday to Friday in the Swiss snows.

As with most things Trump, there are stark contrasts between how attendees view his visit. Some are happy and hope for dialogue. Others unabashedly say they wish he would stay away and accuse him of a lack of compassion and vision for the world that are out of place in Davos.

"I find it quite sad he's coming to the WEF, but I imagine nothing can be done about it," said Buddhist monk Matthieu Ricard, a longtime disciple of the Dalai Lama.

While his trip — which was still on schedule despite the US government shutdown — may seem incongruous, unwelcome or unexpected, he will be sticking to one key aspect of the WEF's original ambition in starting the annual forum in Davos 47 years ago: Business. An array of Cabinet officials is also due to tag along, suggesting the US is preparing a big economic and diplomatic push.

Some have suggested it's ironic that Trump, a self-styled populist despite his penchant for the penthouse, is attending the elite Alpine event. Others speculated he could have felt a need to regain the Davos spotlight for the United States a year after Chinese President Xi Jinping stole the show by casting China as a champion of free trade and stability — and many companies responded by turning greater attention toward it.

An administration official said Trump is expected to tout the booming US economy and measures like his recent tax overhaul, while again criticizing trade practices that he sees as unfair toward the US. The official, who spoke only on condition of anonymity to discuss internal plans, said Trump made the decision to go because he thinks he has a positive economic message.

With Wall Street surging, Trump has some cheerleaders on the economic front — even if they hope he'll be more accommodating.

"I think it's really good that he's going," said Bill Thomas, chairman of business services KPMG International. "The American economy is dependent on global engagement, and I think he's in Davos because he knows that.''

Some wonder whether Trump can win over the Davos set, or whether they might succeed in turning his ear — and give him a chance to reboot his administration's image abroad.

"Corporate America, in terms of economic policies, is very pleased with the way the administration is going," said Andy Baldwin, a regional managing partner for financial services firm EY. But he acknowledged that Trump controversies elsewhere had "overshadowed some of the policies."

Outside of business, though — whether among human rights advocates, environmentalists, peaceniks or free-trade proponents — Trump is shunned.

"Despite its formal name, Davos is about more than economics," said Kenneth Roth, executive director of Human Rights Watch, in an e-mail. "So while Trump undoubtedly intends to trumpet US economic progress, many Davos participants will question his racist, misogynistic, and xenophobic rhetoric and policies."

"Unless he plans an unexpected apology and reversal, he will face a far colder reception than he probably anticipates," he said.

Parts of the jet-set have it in for Trump. Elton John, whose song title "Rocket Man" Trump used to deride North Korean leader Kim Jong Un, will be in Davos, as will actress Cate Blanchett, who shaped chewing gum into a phallus on late-night TV to mock Trump just days after he took office. So will several African leaders whose countries Trump allegedly dismissed with a vulgarity earlier this month.

Small protests have started, and others are expected in Zurich on Tuesday and possibly in Davos on Thursday. A Swiss anti-Trump petition has garnered more than 16,000 supporters online, calling on him to stay away. Authorities are boosting security for only the second visit by a serving US president to Davos, after Bill Clinton in 2000.

Some might even see a snub in French President Emmanuel Macron's decision to not stick around to see Trump even though the White House initially had announced a face-to-face meeting in Davos.

In his speech Wednesday, Macron is expected to offer a "lucid" diagnosis about globalization, and raise environmental concerns, an adviser said. Macron's speech could shape up as a counter narrative, and though he wasn't expected to mention Trump by name "you can read between the lines," the adviser said, on condition of anonymity because he was not authorized to speak publicly about the matter.

"It's good to have the president here, if the snow conditions and the situation in Washington allow us," WEF founder Klaus Schwab told The Associated Press on Monday, alluding to the US government shutdown that could spoil Trump's plans to attend. The White House has said it's monitoring the situation day to day, and Schwab said: "At the moment we cannot make a comment on that [Trump's attendance]."

Trump has, in a way, already been on hand in Davos. During last year's event, which coincided with his inauguration, many attendees gawked at TV sets as Trump declared "America First" from the Capitol steps.

When he arrives this year, discretion may be the order of the day: Zurich airport, the closest big hub, has announced a lockdown on press access for the arrival of Air Force One.

Swiss police are deploying more than 4,300 troops in the region for security, which officials say is on a par with previous years. But this being only the second visit by a serving US president, after Bill Clinton in 2000, has also meant enhanced security measures.

The Guardian Sport



Silver Tops $65 for 1st Time, Gold Firms as US Unemployment Rate Climbs

FILE PHOTO: UK gold bullion bars and coins are displayed at Baird & Co in Hatton Garden in London, Britain, October 8, 2025. REUTERS/Hiba Kola/File Photo
FILE PHOTO: UK gold bullion bars and coins are displayed at Baird & Co in Hatton Garden in London, Britain, October 8, 2025. REUTERS/Hiba Kola/File Photo
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Silver Tops $65 for 1st Time, Gold Firms as US Unemployment Rate Climbs

FILE PHOTO: UK gold bullion bars and coins are displayed at Baird & Co in Hatton Garden in London, Britain, October 8, 2025. REUTERS/Hiba Kola/File Photo
FILE PHOTO: UK gold bullion bars and coins are displayed at Baird & Co in Hatton Garden in London, Britain, October 8, 2025. REUTERS/Hiba Kola/File Photo

Silver jumped past the $65-per-ounce mark for the first time on Wednesday, while gold climbed higher after US jobs data showed a softening labor market, rekindling expectations of further rate cuts next year and boosting demand for precious metals.

Spot silver was up 3.9% at $66.28 an ounce after rising to an all-time high of $66.52 earlier in the session. Spot gold prices rose 0.8% to $4,337.85 an ounce by 0552 GMT.

US gold futures gained 0.8% to $4,368.60.

"There is a major short squeeze (speculative trade) happening in silver... and we are not seeing the supply side responding the way it should have after the US added silver to the critical minerals list," said Kunal Shah, head of research at Nirmal Bang Commodities in Mumbai.

"Every country planning to enter the data center-AI space will need more of silver," Shah said, noting that current trends could push silver towards $70 in the near term.

The rally followed US data showing the unemployment rate rose to 4.6% in November, above a Reuters poll forecast of 4.4%.

The unemployment data has definitely helped precious metals and weakened the dollar, prompting investors to look for other asset classes offering higher returns as a hedge against risk, GoldSilver Central MD Brian Lan said.

Investors now await the US consumer price index data on Thursday and the personal consumption expenditures index, the Federal Reserve's preferred inflation gauge, on Friday.

Last week, the Fed delivered its third and final quarter-point rate cut for the year, while Chair Jerome Powell's accompanying comments were perceived as less hawkish than expected.

Traders still expect two cuts of 25 basis points each in 2026.

Non-yielding assets like bullion typically perform well in low-interest-rate environments.

Elsewhere, platinum was up 3.6% at $1,916.80, its highest in more than 17 years since July 2008, while palladium added 0.7% to $1,615.28, a two-month high.


Tourism Projects Worth $9 Billion Being Implemented in Saudi Arabia’s Eastern Province

The Saudi Minister of Tourism, along with the President of Aramco, tours the King Abdulaziz Center for World Culture in the Eastern Province. Asharq Al-Awsat
The Saudi Minister of Tourism, along with the President of Aramco, tours the King Abdulaziz Center for World Culture in the Eastern Province. Asharq Al-Awsat
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Tourism Projects Worth $9 Billion Being Implemented in Saudi Arabia’s Eastern Province

The Saudi Minister of Tourism, along with the President of Aramco, tours the King Abdulaziz Center for World Culture in the Eastern Province. Asharq Al-Awsat
The Saudi Minister of Tourism, along with the President of Aramco, tours the King Abdulaziz Center for World Culture in the Eastern Province. Asharq Al-Awsat

The Eastern Province is expected to witness the implementation of more than 650 tourism projects valued at over SAR12.7 billion (approximately $3.39 billion).

With the addition of investments in new projects exceeding SAR21 billion ($5.6 billion), total tourism investments amount to around SAR33.7 billion (nearly $9 billion), reflecting a growth in the sector.

Saudi Minister of Tourism Ahmed Al-Khateeb said tourism investments in the region are experiencing qualitative growth, adding that the Eastern Province enjoys competitive advantages that make it attractive for tourism investment.

The minister said the region has achieved positive results in sector performance, welcoming more than 13.4 million tourists whose spending exceeded SAR18.5 billion ($4.9 billion), underscoring the rising demand for tourism services.

Tourism Diversity

Al-Khateeb revealed that more than 650 approved tourism projects would contribute to improved tourism, in addition to strengthening partnerships and supporting private sector participation. This, he said, reflects the rapid growth pace and the achievements that the tourism sector in the Eastern Province has witnessed.

High-quality projects in the region enhance competitiveness, supported by the Tourism Development Fund, said Al-Khateeb. These projects contribute to improving quality of life and offering integrated visitor experiences, reinforcing the region’s position as a leading tourist destination on the Arabian Gulf coast, he added.

The minister met with Eastern Province’s tourism employees, who briefed him on promising opportunities and made proposals aimed at developing career paths for workers in the sector.

Al Khobar Season

Al Khobar Season 2025 has achieved remarkable success since its launch, featuring a seasonal program spanning nearly 90 days. Supported by the Sharqia Development Authority and the Saudi Tourism Authority, the season hosted events across more than 20 locations, attracting over one million visitors and involving more than 50 partners from the private sector.

Al Khobar Season enhances the Eastern Province’s status as a major tourism and entertainment destination through experiences that blend entertainment, culture, arts, and sports. This contributes to improving quality of life, achieving the objectives of Saudi Vision 2030, and developing the tourism sector.


Saudi Exports Development Authority Organizes Trade Mission to Syria, Iraq 

Officials are seen during one of the visits to a Saudi company. (Saudi Exports Development Authority on X)
Officials are seen during one of the visits to a Saudi company. (Saudi Exports Development Authority on X)
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Saudi Exports Development Authority Organizes Trade Mission to Syria, Iraq 

Officials are seen during one of the visits to a Saudi company. (Saudi Exports Development Authority on X)
Officials are seen during one of the visits to a Saudi company. (Saudi Exports Development Authority on X)

The Saudi Exports Development Authority (SAUDI EXPORTS) organized a trade mission for Iraq and Syria in conjunction with the Made in Saudi Expo 2025 in Riyadh, reported the Saudi Press Agency on Tuesday.

The missions involved 87 Saudi exporters and 32 importing companies, representing key sectors including construction, food products, medical supplies, and packaging industries.

A series of business-matching meetings were held to explore opportunities for cooperation and trade partnerships.

The meetings and bilateral discussions held alongside the exhibition resulted in the signing of seven trade agreements, reflecting the quality and competitiveness of Saudi products.

This was followed by an orientation tour for the visiting trade delegation of the Saudi companies’ pavilions to explore the latest national innovations and products.