financetom
Business
financetom
/
Business
/
Saudi Arabia to host investment summit during bin Salman's Washington visit, source says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Saudi Arabia to host investment summit during bin Salman's Washington visit, source says
Nov 11, 2025 3:37 PM

WASHINGTON (Reuters) -Saudi Arabia is expected to host a U.S.-Saudi investment summit in Washington on November 19 during a visit by Crown Prince Mohammed bin Salman, according to a source familiar with the planning.

Bin Salman will be in Washington to meet with President Donald Trump at the White House on November 18, a White House official said last week.

The summit will be held on the sidelines of bin Salman's visit and not be a part of his official schedule, the source said, declining to be identified because the event is not yet public.

Trump and Bin Salman may drop in, but their participation was not currently part of the program, the source added.

News of the summit was first reported by CBS News, which, citing an invitation, reported that the event would be held at the John F. Kennedy Center for the Performing Arts and co-hosted by the Ministry of Investment of Saudi Arabia and the U.S.-Saudi Business Council.

Bin Salman will visit Washington as Trump pushes Saudi Arabia to join the list of nations that have joined the Abraham Accords normalizing relations between Israel and Muslim-majority nations.

Saudi Arabia is one of the largest customers for U.S. arms, and Trump and bin Salman may also discuss a U.S.-Saudi defense agreement. The Financial Times reported last month that there were hopes the two countries could sign such an agreement during bin Salman's visit.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Eli Lilly's Zepbound outperforms Novo Nordisk's Wegovy for weight loss in trial
Eli Lilly's Zepbound outperforms Novo Nordisk's Wegovy for weight loss in trial
May 26, 2025
(Reuters) -Eli Lilly ( LLY ) said on Sunday its drug Zepbound was superior to Novo Nordisk's Wegovy across five weight-loss targets such as reducing waist circumference, citing data from a head-to-head trial. Lilly reported in December that its obesity drug had already met the main goal, leading to 47% more weight loss than those who received Wegovy. Full data...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Norway's wealth fund sells all its fixed income from Mexico's Pemex due corruption risk
Norway's wealth fund sells all its fixed income from Mexico's Pemex due corruption risk
May 26, 2025
OSLO, May 11 (Reuters) - Norway's wealth fund, the world's largest, has sold all its fixed income investments in Mexican state oil firm Pemex, it said on Sunday, citing what it called an unacceptable risk that the company is involved in corruption. The fund's ethics watchdog, the Council on Ethics, said its investigations have revealed that Pemex may be linked...
China's CATL to raise $4 billion in Hong Kong listing
China's CATL to raise $4 billion in Hong Kong listing
May 26, 2025
(Reuters) -Chinese battery manufacturer CATL aims to raise about HK$31.01 billion ($3.99 billion) in its Hong Kong listing, according to its prospectus filed on Monday. The maker of batteries for electric vehicles is selling 117.9 million shares at a maximum offer price of HK$263 per share, according to filings lodged with the Hong Kong Stock Exchange. The final price of...
Copyright 2023-2026 - www.financetom.com All Rights Reserved