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Saudi Arabia on Tuesday promised billions of dollars in deals with the United States, from defence to artificial intelligence, as it threw a lavish welcome for President Donald Trump on the first state visit of his second term. The Saudis escorted Air Force One into the kingdom with fighter jets before bringing out long-stretching guards of honour and sending flag-waving cavalry to accompany Trump’s motorcade to the palace. Under imposing chandeliers, Trump welcomed a promise by Saudi Arabia’s de facto ruler, Crown Prince Mohammed bin Salman, for $600 billion in investment and quipped that it should be $1 trillion. “We have the biggest business leaders in the world here today, and they’re going to walk away with a lot of cheques,” Trump told the prince. For “the United States, it’s probably two million jobs that we’re talking about”, Trump said. The White House said that Saudi Arabia would buy nearly $142bn in weapons in what it described as the largest-ever weapons deal, although Trump in his first term trum...
Bulls maintained a hold of the trading floor at the Pakistan Stock Exchange (PSX) on Tuesday as shares gained over 1,000 points, continuing their upward momentum following de-escalation between India and Pakistan. The KSE-100 index opened with a gain of 2,769 points to stand at 120,067.12 points from the previous close of 117,297.73 at 9:30am. By 3pm, the index stood at 118,605.98 points, up 1.12 per cent. Bullish momentum witnessed at the Pakistan Stock Exchange — PSX data portal Finally, the index closed at 118,575.88 points, up 1.09pc or 1278.15 points compared to yesterday. A day earlier, the PSX gained a record 9pc, with the market mirroring the restored calm in the region after the Pakistan-India ceasefire. The development, announced by US President Donald Trump on Saturday, followed four days of tit-for-tat strikes between the nuclear-armed neighbours, as well as diplomacy and pressure from Washington. Commenting on today’s surge, Awais Ashraf, director of research at AKD Securities said: “Investor sen...5467 items