Elon Musk joins Trump in Saudi Arabia as US seeks billion dollar deals
Tech entrepreneur Elon Musk and other well-known visitors joined President Donald Trump on his first significant diplomatic trip of his second term, which took him to Saudi Arabia.
Trump was hosted by Crown Prince Mohammed bin Salman at a formal lunch in Riyadh. The visit marks the start of a four-day tour of Saudi Arabia, Qatar, and the UAE, aimed at securing major investments in the US economy, according to BBC.
Trump begins Middle East tour with Saudi Arabia visit
US President Donald Trump arrived in Riyadh, Saudi Arabia, for the start of a three-day Middle East visit that will also include stops in Qatar and the UAE.
Saudi Crown Prince Mohammed bin Salman welcomed Trump on his arrival. This is his first official state visit of his second term, and the White House calls it a "historic return to the Middle East”, according to BBC.
The president's program prioritizes improving diplomatic connections and securing big financial investments. In Saudi Arabia, Trump hopes to finalize a $1trn investment contract in US industry, an increase from a previously pledged $600bn.
Key regional concerns, such as efforts to broker a Gaza ceasefire and promote Saudi-Israeli normalization talks, are also anticipated to be addressed. A formal state dinner is scheduled in Riyadh as part of the visit, BBC reported.
China releases white paper on national security
China on Monday released a white paper detailing its national security strategy for the new era, aiming to clarify its security approach and foster international understanding.
The white paper presents a comprehensive framework based on a holistic security paradigm, promoting China as a source of stability in the face of global uncertainty. It focuses on preserving national sovereignty, encouraging high-quality growth, and protecting political and public security, according to Xinhua.
Rooted in Xi Jinping Thought, the strategy prioritizes people’s security, national interests, and political stability. It integrates development with security and highlights reform, innovation, and system modernization as key drivers.
The document also introduces the Global Security Initiative, advocating shared global security, true multilateralism, and a more equitable international security governance framework, Xinhua reported.
China presents its security model as a stabilizing force, contributing to global peace and development while advancing national rejuvenation.
Trump seeks Gulf investment to boost US economy
President Donald Trump will go to Saudi Arabia, Qatar, and the United Arab Emirates from May 13 to 15 to secure large Gulf investments amidst a slowing US economy. The trip begins in Riyadh, where Trump will meet Crown Prince Mohammed bin Salman and attend a summit of Gulf leaders, Reuters reported.
A US-Saudi investment forum on May 13 will feature CEOs from top firms including BlackRock, Alphabet, and Citigroup. Trump aims to attract sovereign wealth funds to support US jobs and manufacturing, reinforcing his “America First” agenda.
The visit follows the first US GDP decline in three years, driven by new tariffs and global trade disruptions, as stated by Reuters.