Saudi Crown Prince’s Washington Trip Signals Future-Focused Strategic Shift

WASHINGTON, DC - NOVEMBER 19: Crown Prince and Prime Minister Mohammed bin Salman of Saudi Arabia and US President Donald Trump stand for a photo with other participants at the US-Saudi Investment Forum at the Kennedy Center on November 19, 2025 in Washington, DC. Win McNamee/Getty Images/AFP
WASHINGTON, DC - NOVEMBER 19: Crown Prince and Prime Minister Mohammed bin Salman of Saudi Arabia and US President Donald Trump stand for a photo with other participants at the US-Saudi Investment Forum at the Kennedy Center on November 19, 2025 in Washington, DC. Win McNamee/Getty Images/AFP
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Saudi Crown Prince’s Washington Trip Signals Future-Focused Strategic Shift

WASHINGTON, DC - NOVEMBER 19: Crown Prince and Prime Minister Mohammed bin Salman of Saudi Arabia and US President Donald Trump stand for a photo with other participants at the US-Saudi Investment Forum at the Kennedy Center on November 19, 2025 in Washington, DC. Win McNamee/Getty Images/AFP
WASHINGTON, DC - NOVEMBER 19: Crown Prince and Prime Minister Mohammed bin Salman of Saudi Arabia and US President Donald Trump stand for a photo with other participants at the US-Saudi Investment Forum at the Kennedy Center on November 19, 2025 in Washington, DC. Win McNamee/Getty Images/AFP

Over an intensive 48 hours, Washington became the stage for launching a new phase in the strategic alliance between Saudi Arabia and the United States, an alliance intended to bind the interests of both countries for decades to come.

The move coincided with the visit of Crown Prince Mohammed bin Salman, the Saudi Prime Minister, and built on the foundations set during President Donald Trump’s visit to Riyadh in May.

The meetings were not a mere display of existing ties, but a platform to unveil a strategic economic partnership framework whose pillars were laid during Trump’s trip to Riyadh. The document pushes bilateral cooperation to unprecedented levels of technological and financial integration.

The Crown Prince expressed confidence that this partnership with the US will grow at an unprecedented pace in the coming years, urging both sides to seize the promising opportunities it offers, opportunities driven by economic growth, diversification and innovation.

The Crown Prince said the signing of investment agreements and projects in sectors including defense, energy, artificial intelligence, rare minerals and finance will create substantial employment opportunities in both countries.

One of the longest economic partnerships

Total investments and agreements between American and Saudi companies reached 575 billion dollars, according to Saudi Investment Minister Khalid Al-Falih, strengthening what he described as “one of the longest and most dynamic economic partnerships in the world.”

This includes 307 billion dollars announced during Trump’s visit to Riyadh in May, additional bilateral commitments that followed, and 267 billion dollars in new deals unveiled at the 2025 US-Saudi Investment Forum.

Beyond the signing of a massive package of agreements exceeding 575 billion dollars, the most significant signal was the Crown Prince’s pledge to increase Saudi investment plans in the United States to 1 trillion dollars.

Trump described the financial commitment as evidence of the strength of the strategic alliance, saying it reinforces the relationship as a balanced partnership between the world’s largest economy and the Arab world’s largest economy, and marks a shift toward strategic investments in the sectors of the future.

Axes of the visit

The historic visit produced three main pillars:

First, artificial intelligence

The signing of the Strategic Artificial Intelligence Partnership between Saudi Arabia and the US marked a pivotal turning point in the nature of the bilateral relationship. The partnership is no longer limited to commercial cooperation, it lays the groundwork for a new phase of comprehensive and long term economic security.

A joint statement by the foreign ministers of the two countries said the understanding reflects a firm commitment to boosting innovation and technological progress, and to using advanced and emerging technologies to deepen shared security objectives.

This places artificial intelligence at the core of the security umbrella, making the stability of data and chip supply chains inside the Kingdom an integral part of US strategic interests.

The White House said the agreements will give the Kingdom access to world leading US systems while protecting US technology from foreign influence.

The partnership aims to cement the Kingdom’s position as a global computing hub, capitalizing on leading American technology.

Technological enablement: The partnership expands Saudi access to advanced US systems, reflected in the Commerce Department’s approval to export cutting edge Nvidia Blackwell chips, removing the biggest constraint on sector growth.

Infrastructure development: The partnership supports plans to build massive supercomputing hubs in the Kingdom. Companies such as Elon Musk’s firms and Nvidia announced large scale projects and high capacity computing centers of 500 megawatts or more, citing Saudi Arabia’s competitive advantages in energy, land availability and geographic location, which position it as a global center for cloud computing and AI services.

Digital sovereignty: Financial market cooperation includes a memorandum of understanding on education and training, signaling the Kingdom’s focus on building local knowledge and human capacity to secure “computational sovereignty” and lead future AI applications.

HUMAIN at the center: The shift is embodied in the prominent role of HUMAIN, the Saudi Public Investment Fund owned AI company that featured in many joint announcements.

Alongside the joint project announced by Elon Musk between his company xAI, Nvidia and HUMAIN to develop a 500 megawatt artificial intelligence computing center in the Kingdom, Nvidia CEO Jensen Huang praised HUMAIN’s “massive” expansion in the six months since its establishment, saying he is working with Saudi Arabia to train advanced robots and build supercomputers.

HUMAIN is also partnering with US chipmakers AMD and Cisco to develop data centers in the Middle East, beginning with a 100 megawatt facility in the Kingdom to serve Luma AI, a California based generative video producer. HUMAIN led a 900-million-dollar funding round for Luma AI, deepening the Kingdom’s efforts to build what is being described as the “Hollywood of artificial intelligence.”

HUMAIN also announced collaborations with Adobe and Qualcomm to develop Arabic language AI, and a partnership with Global AI to build a data center campus in the US, highlighting its two-way global expansion.

Amazon Web Services and HUMAIN said they will expand their strategic partnership to deploy up to 150,000 AI accelerators inside a major facility in Riyadh known as the Artificial Intelligence Zone.

Second, energy and minerals

The strategic significance of the visit extended beyond artificial intelligence to major advances in energy and minerals, with agreements designed to secure critical supply chains and safeguard future energy sources.

Civil nuclear cooperation: The announcement of the completion of negotiations on civil nuclear energy cooperation, known as the 123 Agreement, was the most important milestone.

The White House said the agreement establishes the legal foundation for a multibillion dollar nuclear partnership spanning decades and supports the Kingdom’s strategic goal of diversifying clean energy sources. The statement said US companies will be the Kingdom’s preferred partner in this field.

Critical minerals: The two sides also signed a “Strategic Framework for Cooperation on Securing Uranium, Metals, Permanent Magnets and Critical Minerals Supply Chains.”

The framework anchors the partnership in economic security, directly linking US interests to Saudi geological resources.

It aims to strengthen global supply chain resilience through projects such as establishing a rare earth refinery with US company MP Materials, the Department of Defense and Saudi mining firm Maaden.

The White House said the critical minerals framework will deepen cooperation and align strategies for diversifying critical mineral supply chains, adding that the agreement builds on similar deals secured by Trump with other trading partners to ensure the resilience of the US supply chain for essential minerals.

Aramco investments: Aramco announced 17 new agreements worth 30 billion dollars, bringing total cooperation with US companies to 120 billion dollars, including expansions into liquefied natural gas and advanced services.

Third, investment and financial markets

The economic and financial dimension was central in reinforcing the depth of the partnership, supported by the Crown Prince’s pledge to raise Saudi investments in the US to nearly 1 trillion dollars.

Investment facilitation: The two sides signed the strategic framework for facilitating procedures to accelerate Saudi investments and the Financial and Economic Partnership Arrangements.

These ensure that investment commitments flow smoothly into US growth sectors, including infrastructure and technology, creating high paying American jobs and supporting shared prosperity.

The US Treasury Department and the Saudi Finance Ministry signed agreements to strengthen cooperation on financial markets, standards and regulatory frameworks. The step is intended to integrate and streamline capital flows, bolstering the resilience of the global financial system.

The two countries also agreed to intensify efforts on trade issues, including reducing trade barriers and recognizing US federal vehicle safety standards, a direct gain for American manufacturers and exporters that supports the Kingdom’s sector modernization at the same time.

Financial markets and trade integration: The visit also produced agreements on cooperation in the financial markets sector aimed at improving governance and regulatory standards.

Dr. Abdullah Al-Jassar, a member of the Saudi Economic Association and the International Association for Energy Economics, told Asharq Al-Awsat that the agreements signed during the Crown Prince’s visit to Washington represent a new phase in the economic relationship between the two countries, particularly in energy, investment and advanced technologies.

He said the deals open the door to high value investments and help develop national skills in advanced fields, supporting economic diversification and strengthening the Kingdom’s position in global energy markets.

“We are looking at long term partnerships that contribute to building a more balanced and sustainable economy,” he said.

In the end, the agenda of the Washington visit was not just a successful diplomatic tour, it was a formal launch of a high stakes partnership for the new era. The agreements place Saudi Arabia and the US on a path toward deep strategic integration.



Lebanon is Handing over an Assad-era General after War Crimes Questioning

(FILES) Syria's President Bashar al-Assad speaks during a press conference with Iraq's Prime Minister in Damascus on July 16, 2023. (Photo by LOUAI BESHARA / AFP)
(FILES) Syria's President Bashar al-Assad speaks during a press conference with Iraq's Prime Minister in Damascus on July 16, 2023. (Photo by LOUAI BESHARA / AFP)
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Lebanon is Handing over an Assad-era General after War Crimes Questioning

(FILES) Syria's President Bashar al-Assad speaks during a press conference with Iraq's Prime Minister in Damascus on July 16, 2023. (Photo by LOUAI BESHARA / AFP)
(FILES) Syria's President Bashar al-Assad speaks during a press conference with Iraq's Prime Minister in Damascus on July 16, 2023. (Photo by LOUAI BESHARA / AFP)

Lebanon’s judicial authorities have decided to hand over a former senior Syrian military officer under ousted President Bashar Assad to Damascus after questioning him over crimes he allegedly committed during the country’s conflict, officials said Tuesday.

Maj. Gen. Adel Issa will be the first military officer to be handed over by Lebanon since Assad’s fall in late 2024. He is expected to stand trial in his home country. There were no immediate details on the alleged crimes.

The decision comes days after a vote in parliament that made Lebanon the first Arab country to abolish the death penalty, a step that will become formal once it is published in the Lebanese Official Gazette.

The judicial officials said Issa is being handed over to Syria in accordance with a 1951 agreement between the countries that calls for handing over suspected criminals.

On Tuesday afternoon, Issa was taken by members of Lebanon’s General Security Directorate, who will drive him to a border crossing and hand him over to Syrian authorities, two judicial and two security officials said. The officials spoke on condition of anonymity in line with regulations.

After Syrian fighters opposed to Assad marched into Damascus to end the Assad family's five-decade rule in December 2024, a number of military and security officers fled to Lebanon, where some remain.

Dozens of other former members of his security agencies accused of atrocities have been arrested and put on trial in Syria.

Last week, a Syrian court sentenced Assad and his younger brother Maher to death in absentia while their maternal cousin, Brig. Gen. Atef Najib, became the most senior security official to be sentenced to death while in custody. The Assad brothers fled to Russia during the ouster.

Issa was questioned last week by judge Ahmad Rami Hajj, Lebanon’s public prosecutor at the Court of Cassation, over alleged crimes he had committed in Syria’s eastern province of Deir el-Zour and the northern province of Raqqa during Syria’s conflict that broke out in 2011.

The judicial officials told The Associated Press that Issa denied all the charges against him, saying he was a military officer carrying out orders.

The Syrian embassy in Beirut sent Issa’s charge sheet to Lebanese judicial authorities earlier this month, the officials said.

Issa was detained on Aug. 8 when he went to the Syrian embassy in Beirut for some paperwork. Embassy officials contacted Lebanon’s prosecutor’s office to tell them that Issa is wanted in Syria. He has been held at Beirut’s Palace of Justice detention center.

Issa had fled to Lebanon by crossing illegally after Assad’s fall, the officials said.

The Britain-based Syrian Observatory for Human Rights, a war monitor, said after commanding the Syrian army’s 17th Division, Issa was moved in 2015 to command ground forces in Deir el-Zour that borders Iraq, and that he retired in late 2016.

Syria’s conflict, which began with anti-government protests in March 2011 before turning into a civil war, left half a million people dead and over 1 million wounded.


Aramco, Maaden Sign Joint Venture Agreement on Mineral Exploration, Hard-Rock Mining in Saudi Arabia

File photo of the Saudi flag - SPA
File photo of the Saudi flag - SPA
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Aramco, Maaden Sign Joint Venture Agreement on Mineral Exploration, Hard-Rock Mining in Saudi Arabia

File photo of the Saudi flag - SPA
File photo of the Saudi flag - SPA

Aramco and Maaden announced the signing of a shareholders’ agreement to form a Joint Venture (JV) to unlock new opportunities in mineral exploration and hard-rock mining in the Kingdom of Saudi Arabia.

Combining the strengths of two leaders in their respective fields, the JV would focus on copper and other minerals critical to the energy transition. The JV plans were first disclosed in January 2025.

The JV is expected to be owned 51% by Maaden and 49% by Aramco, and focus on exploration across Zone-4, also known as the Transition Zone, within the Arabian Platform. It represents a major new opportunity for mineral discovery in the Kingdom.

Spanning approximately 182,000 square kilometers, nearly 10% of Saudi Arabia’s total land area, the expected exploration area stretches along a 100-kilometer-wide zone running parallel to the Arabian Shield.

Aramco Vice President of Transition Minerals Saleh M. Al Saleh said: "Over 90 years, Aramco has accumulated and analyzed the largest amount of geological and geophysical data ever acquired in a single basin for the Kingdom. This partnership intends to leverage this legacy information to find minerals in the JV area within the basin. Maaden’s expertise, our people, high-performance computing, and AI are expected to play a pivotal role in accelerating the discovery of key transition minerals at low cost."

Maaden Executive Vice President for Exploration Darryl Clark said: “Maaden has been advancing one of the world’s largest single jurisdiction exploration programs across the Arabian Shield to help unlock the Kingdom’s mineral potential. This joint venture would take that ambition into a new area. By combining Maaden’s exploration and development expertise with Aramco’s extraordinary knowledge of the Arabian Platform, we would have an opportunity to move faster, explore smarter, and create new opportunities to discover the minerals that will power the energy transition.”

Copper, which is increasingly significant for electric vehicles, power networks, energy storage, and renewable energy systems, would be a main focus of the JV. Copper is a major metal making up over 20% of the $1.2 trillion mined metals market. The copper market is currently valued at approximately $250 billion and is projected to grow to over $400 billion by 2035. The JV would also explore for other energy transition minerals including zinc, lead, and rare earth elements that are expected to be crucial to industries of the future.

Leveraging advanced computational algorithms, AI, and high-performance computing, the JV intends to target areas most likely to contain copper and valuable minerals, accelerating the path from regional screening to target definition and discovery. This is expected to support long-term sector development, reinforce the Kingdom’s role in the global minerals value chain, and help meet rising demand for transition minerals.

The effectiveness of the shareholders’ agreement and the incorporation of the JV is conditional upon the fulfillment of certain condition precedents, including, but not limited to, obtaining all the required corporate and regulatory approvals and antitrust clearance.


Gold Slips on Firmer Treasury Yields, Oil Prices; Fed Minutes in Focus

An employee displays a gold necklace at a jewelry store in Varanasi, India (AFP)
An employee displays a gold necklace at a jewelry store in Varanasi, India (AFP)
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Gold Slips on Firmer Treasury Yields, Oil Prices; Fed Minutes in Focus

An employee displays a gold necklace at a jewelry store in Varanasi, India (AFP)
An employee displays a gold necklace at a jewelry store in Varanasi, India (AFP)

Gold fell on Tuesday, pressured by higher Treasury yields and oil prices, while traders awaited minutes of the US Federal Reserve's July policy meeting for clues on the outlook for interest rates.

Spot gold was down 0.4% to $4,397.42 per ounce, as of 0624 GMT, while US gold futures for December delivery dropped 0.5% to $4,452.90. Yields ‌on the benchmark ‌10-year US Treasury note extended gains, raising ‌the ⁠opportunity cost of holding ⁠non-yielding bullion.

Oil prices edged higher after Iran said it would shift to a "fully offensive" military posture following a breakdown in efforts to negotiate a permanent end to the war with the United States, while Washington ruled out extending a temporary ceasefire agreement.

Oil prices will remain one ⁠of the key factors keeping gold under ‌pressure as the situation in ‌the Middle East continues to look uncertain, ANZ analyst Soni ‌Kumari said.

Traders' expectations around Fed policy rates are ‌going to be important for gold, with a focus on technical levels, Kumari added.

Elevated energy prices tend to raise inflationary fears and bolster expectations of higher interest rates. While gold is typically seen ‌as a hedge against inflation, higher interest rates tend to diminish bullion's appeal.

However, market ⁠pricing for ⁠a September quarter-point hike flipped to a nearly 65% chance of a "hold" after unexpected job losses in July, lower-than-expected consumer price inflation and weaker retail sales.

Investors are also awaiting minutes of the Fed's most recent policy meeting, with the release scheduled for Wednesday.

Spot gold may test support at $4,381, a break below which could open the way towards the $4,320 to $4,351 range, according to Reuters technical analyst Wang Tao. Among other metals, spot silver slipped 0.7% to $65.32 per ounce, platinum lost 0.6% to $1,759.63 and palladium dipped 0.6% to $1,325.47.