Aboul Gheit to Asharq Al-Awsat: Sharm el-Sheikh Summit Opens Permanent Arab Dialogue with Europe

FILE PHOTO: Ahmed Aboul Gheit, Arab League's secretary general, gestures as he speaks at the Rome Mediterranean summit MED 2018 in Rome, Italy. Reuters
FILE PHOTO: Ahmed Aboul Gheit, Arab League's secretary general, gestures as he speaks at the Rome Mediterranean summit MED 2018 in Rome, Italy. Reuters
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Aboul Gheit to Asharq Al-Awsat: Sharm el-Sheikh Summit Opens Permanent Arab Dialogue with Europe

FILE PHOTO: Ahmed Aboul Gheit, Arab League's secretary general, gestures as he speaks at the Rome Mediterranean summit MED 2018 in Rome, Italy. Reuters
FILE PHOTO: Ahmed Aboul Gheit, Arab League's secretary general, gestures as he speaks at the Rome Mediterranean summit MED 2018 in Rome, Italy. Reuters

Arab League Secretary General Ahmed Aboul Gheit said that the first Arab-European summit held in the Egyptian resort of Sharm el-Sheikh reflected the desire of the two sides to work together and to build bridges.
 
In an exclusive interview with Asharq Al-Awsat from Sharm el-Sheikh, Aboul Gheit said the joint statement, to be issued at the end of the summit, would be brief, “but it will point to a minimum of consensus between Arabs and Europeans on political and international issues.”
 
The high-level representation at the summit “reflects the interest and desire between the Arab and European worlds in building bridges of cooperation and mutual understanding,” he affirmed.
 
The two-day summit, which kicked off on Sunday, is held under the title of “Investing in Stability.”

“The slogan of the summit is a great message on the internal and international levels, and a signal from the European side that the stability of the Arab countries is now required,” Aboul Gheit stated.
 
Asked about the Arab-European priorities to be tackled at the summit, the Arab League chief said: “Discussions will touch on all international and regional issues in order to formulate a position that supports peace and stability and maintains common interests.”
 
Among the main topics, he cited fighting terrorism and drying up its resources, ending the presence of militias, in addition to emigration and climate change.
 
On whether Yemen will get its share of political talks, he said: “Everyone is calling for the implementation of the Sweden agreement, the adoption of a political solution and the provision of humanitarian support,” underlining Arab support for the legitimate power in Yemen.
 
Aboul Gheit, however, noted that it would be difficult for the summit participants to draw a roadmap for the implementation of resolutions on Yemen, “because there is a divergence of views, for example disagreements between France and Italy; and the same applies to Syria.”
 
As for the communique to be issued at the end of the high-level meeting, he said: “The document will be very brief and was discussed by the representatives of the EU, the Arab League and Egypt, the host country.”
 
Arab-European cooperation is on track, according to the Arab League secretary-general, who also pointed to many agreements between the two sides.



Saudi-US Business Council: Trump’s Visit Marks New Chapter in Partnership

Charles Hallab, Chairman of the Saudi-US Business Council (Asharq Al-Awsat) 
Charles Hallab, Chairman of the Saudi-US Business Council (Asharq Al-Awsat) 
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Saudi-US Business Council: Trump’s Visit Marks New Chapter in Partnership

Charles Hallab, Chairman of the Saudi-US Business Council (Asharq Al-Awsat) 
Charles Hallab, Chairman of the Saudi-US Business Council (Asharq Al-Awsat) 

US President Donald Trump’s upcoming visit to Saudi Arabia, Qatar, and the UAE is being seen as a milestone, with its primary focus on economics, investment, and strategic deal-making.

Accompanying him is an unprecedented delegation of US business leaders and CEOs from major sectors including finance, banking, cryptocurrency, technology, artificial intelligence, healthcare, manufacturing, and hospitality. These leaders are seeking to open new investment horizons, forge partnerships, and follow Trump’s lead in crafting “win-win” deals that strengthen bilateral commercial ties.

In an interview with Asharq Al-Awsat, Charles Hallab, Chairman of the Saudi-US Business Council, said that Trump’s choice of Saudi Arabia as his first international destination signals the beginning of a new era in relations between the United States, Saudi Arabia, the Gulf region, and the broader Middle East.

“Beyond the warm welcome and political discussions, this visit will feature the announcement of new business deals and a celebration of the success of previous agreements,” he said. “More importantly, it marks the start of a deeper phase of economic cooperation and private-sector engagement between the two countries. The agreements set to be signed will significantly strengthen these ties and open doors to diverse investment opportunities.”

Driving Business Forward

Hallab, who is also the founder of Barrington Global, explained that the Saudi-US Business Council is playing an active role in this visit. “Our members and partners are fully engaged in the Investment Forum at the King Abdulaziz International Conference Center in Riyadh. There is considerable anticipation surrounding the major deals to be announced, and I can confirm that several significant agreements and new bilateral initiatives will be unveiled,” he said.

He added that interest spans numerous sectors—from defense, aerospace, and technology to newer areas like education, tourism, culture, and quality of life.

He said: “American business leaders are enthusiastic about forming partnerships with Saudi counterparts. President Trump is also keen to attract nearly $1 trillion in Saudi investments to the United States. This mutual interest shows that both sides are committed not only to commercial exchange but to meaningful, strategic collaboration.”

Hallab noted that this year’s investment forum stands out from those held in the past. “There is a new energy—an unprecedented focus on investments that align with the long-term economic goals of both nations. It’s no longer about short-term returns. Investments are being evaluated based on their broader impact, sustainability, and alignment with national visions such as Saudi Arabia’s Vision 2030.”

He explained that Saudi investors are looking for opportunities in the US that make sense within this broader strategy—not just financial gains, but partnerships that advance their long-term objectives. “I’m very optimistic. The pieces are falling into place in a way that serves both countries’ goals, which is exactly what we at the Business Council aim to promote—mutual benefit and shared growth.”

The Political Dimension

When asked about the role of politics, including negotiations with Iran and potential ceasefires in Gaza, Hallab acknowledged their influence. “We closely monitor political developments as they inevitably impact business decisions. But Trump’s visit highlights Saudi Arabia’s rising global stature, both economically and diplomatically.”

He praised the remarkable progress of Vision 2030, especially in terms of regulatory reform, anti-corruption efforts, and economic diversification, saying: “Having worked in the region for nearly 30 years, I’ve never seen changes of this scale and speed. Today, unemployment is under 7%, women make up 34% of the workforce, and over half of Saudi GDP comes from the non-oil sector. Saudi Arabia has emerged as a dynamic, diversified economy and a global tourism destination.”

Hallab concluded: “We at the Saudi-US Business Council are proud to contribute to this transformation and are committed to deepening our shared economic future.”