Saudi signs over $300 billion deals with US as Trump describes Crown Prince ‘greatest representative of people’

Agencies
May 14, 2025

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Riyadh: Saudi Arabia has signed deals with the US worth more than $300 billion, Crown Prince Mohammed bin Salman said at the Saudi-US Investment Forum in Riyadh on Tuesday. 

During an address at the event, Prince Mohammed said the Kingdom was looking at $600 billion of investment opportunities, adding that he hoped this would raise to $1 trillion.

He noted that the US was among the largest partners of the Saudi Vision 2030 reform agenda, adding that joint investments were one of the most important pillars of the economic relationship between the two countries.

“The US is a major destination for the Public Investment Fund, accounting for approximately 40 percent of the fund's global investments,” he said.

He also said that cooperation with Washington was not limited to economic cooperation, but also extended to “establishing peace in the region and the world.”

Also speaking at the event, US President Donald Trump praised the transformation underway in Saudi Arabia, as he attributed it to the leadership of King Salman and the crown prince.

Trump described the crown prince as a “very great man like no other” and “the greatest representative of his people,” and highlighted the role of Saudis in driving development in their own country and the region as a whole.

Trump pointed to Riyadh’s rise as a global business hub and noted that the Kingdom’s non-oil sector revenues had now surpassed those of the oil sector.

He said Saudi Arabia deserved praise for preserving its culture and tradition while also embracing its forward-looking, modern Vision 2030 reform agenda.

During his speech, Trump criticized the Biden administration for removing the Houthis from the US terrorist list, calling it a serious mistake.

He contrasted regional developments, stating: “Some (in the Gulf) have turned deserts into farms, while Iran has turned its farms into deserts,” and warned that if Iran rejected Washington’s outreach, the US would be forced to impose maximum pressure.

Condemning Hezbollah for “destabilizing the region and looting Lebanon”, Trump said: “The biggest and most destructive of these forces is the regime in Iran, which has caused unthinkable suffering in Syria, Lebanon, Gaza, Iraq, Yemen and beyond.”

He described Lebanon as a victim of Hezbollah and Iran and expressed a desire to help the country.

Trump also praised Saudi Arabia’s role in Russia-Ukraine peace talks and affirmed US support for the Kingdom, saying it has “a great future.”

Earlier on Tuesday, the two leaders signed a strategic economic partnership agreement in Riyadh, the first leg of Trump’s regional visit.

The partnership included the signing of Memorandums of Understanding in the energy, mining, and defense sectors. 

Defense cooperation between the two countries centered on the modernization of the capabilities of the Saudi armed forces, along with an agreement between the Saudi Space Agency and NASA.

Other agreements included an MoU on mineral resources; an agreement with the Department of Justice; and cooperation on infectious diseases.

Trump arrived in Saudi Arabia Tuesday on what he called a “historic” tour of the Middle East that will mix urgent diplomacy on Gaza with huge business deals.

Saudi Crown Prince Mohammed bin Salman warmly greeted Trump as he stepped off Air Force One at King Khalid International Airport in the Saudi capital and kicked off his Middle East tour.

The two leaders then retreated to a grand hall at the Riyadh airport, where Trump and his aides were served traditional Arabic coffee by waiting attendants wearing ceremonial gun-belts.

Royal Saudi Air Force F-15s provided an honorary escort for Air Force One as it approached the kingdom’s capital. Trump and Prince Mohammed also were taking part in a lunch at the Royal Court, gathering with guests and aides. 

Later, the crown prince will fete Trump with a formal dinner. Trump is also slated to take part Tuesday in a US-Saudi investment conference.

Air Force One took off on a journey that will include visits to Qatar and the United Arab Emirates — and possibly talks in Turkiye on the Ukraine war.

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News Network
November 28,2025

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Mangaluru, Nov 28: Karnataka Health Minister and Dakshina Kannada district in-charge minister Dinesh Gundu Rao on Friday handed over Chief Minister Siddaramaiah’s letter to Prime Minister Narendra Modi, highlighting the severe distress faced by farmers due to crashing crop prices.

PM Modi arrived at the Mangaluru International Airport en route to Udupi, where Gundu Rao welcomed him and submitted the letter. The chief minister’s message stressed that farmers are suffering heavy losses because maize and green gram are being bought far below the Minimum Support Price (MSP). The state urged the Centre to immediately begin procurement at MSP.

According to the letter, Karnataka has a bumper harvest this year—over 54.74 lakh metric tons of maize and 1.98 lakh metric tons of green gram—yet farmers are unable to secure fair prices. Against the MSP of ₹2,400/MT for maize and ₹8,768/MT for green gram, market rates have plunged to ₹1,600–₹1,800 and ₹5,400 respectively.

The chief minister has requested the Centre to:

• Direct NAFED, FCI and NCCF to start MSP procurement immediately.
• Ensure ethanol units purchase maize directly from farmers or FPOs.
• Increase Karnataka’s ethanol allocation, citing high production capacity.
• Stop maize imports, which have depressed domestic prices.
• Relax quality norms for green gram, allowing up to 10% discoloration due to rains.

The letter stresses that MSP is crucial for farmer dignity and income stability and calls for swift central intervention to prevent a deepening crisis.

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coastaldigest.com news network
December 2,2025

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Udupi, Dec 2: A wave of regional pride is sweeping through Udupi district as Shagun S Verma Hegde, a talented Class 9 student from Christ King English Medium High School, Karkala, has been named the captain of the Indian National Team for the Under-15 Girls’ Volleyball Championship.

Shagun holds the unique distinction of being the sole player from Karnataka selected to represent the country in the prestigious international tournament. The championship, organized by the School Games Federation, is scheduled to take place in Shangluo, China, from December 3 to 13, where Shagun will lead the national squad.

A Remarkable Journey to the Top

Shagun’s selection is a testament to her dedication and exceptional skill on the court. Her journey included several rigorous rounds of selection:

•    She was the only player from Udupi district to qualify for the state-level selection camp.

•    Out of eight players from Karnataka who advanced to the national selection camp in Pune, Maharashtra, Shagun was the only one to secure a place in the final national squad.

•    The national camp saw participation from approximately 200 players, which was shortlisted to 23. Shagun not only made the final cut but was also ranked as the second-best player overall, solidifying her leadership role.

Shagun, who is the daughter of Sandesh Verma and Shruthiraj of Kallotte, Karkala, has trained under experienced coaches Santosh D’Souza, Jeevan D’Silva, Jairaj Poojary, and Ramesh. Her selection as the team captain has brought profound honour to her family, school, the Udupi district, and the entire state of Karnataka.

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News Network
December 4,2025

Udupi: A 40-year-old NRI from Udupi has reportedly lost more than Rs 12.25 lakh in an online investment scam operated through Telegram.

According to a complaint filed at the CEN police station, Leo Jerome Mendonsa, who has been working in Dubai for the past 15 years in computer accessories sales, maintains NRI accounts in Karkala and Nitte.

On November 12, 2025, Mendonsa was added to a Telegram group called Instaflow Earnings by unknown individuals. Users identified as Priya and Dipannita persuaded him to invest in “Revenue Tasks.” Initially, Mendonsa transferred Rs 1,100 multiple times and received the promised returns, encouraging him to continue.

On November 14, another user, Nishmitha Shetty, directed him to register on a website, digitvisionuoce.cc, and invest Rs 4 lakh in various shares. Over the next few days, he made multiple transfers totaling Rs 12,25,000, including Rs 50,000 via Google Pay, believing the scheme was legitimate.

After receiving the money, the alleged handlers stopped responding, and neither the invested amount nor the promised profits were returned.

The CEN police have registered a case under Sections 66(C) and 66(D) of the IT Act and Section 318(4) of the Bharatiya Nyaya Sanhita (BNS), and investigations are ongoing.

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