Read the latest updates on Joe Biden's regional tour here
The US "would not walk away" from the region, President Joe Biden told Middle Eastern leaders at a summit in Jeddah as he admitted to not always getting things right.
The gathering of leaders of the GCC, Jordan, Egypt and Iraq in Jeddah came on the final day of Mr Biden's first tour of the region since taking office.
"No country gets it right all the time, even most of the time, including the United States. But our people are our strength. Our countries with the confidence to learn from the mistakes grow stronger," Mr Biden said.
"So let me conclude by summing all this up in one sentence ― the United States is invested in building a positive future in the region, in partnership with all of you, and the United States is not going anywhere."
Mr Biden was eager to see Saudi Arabia and its Opec partners pump more oil to help bring down the high cost of gasoline and ease the highest US inflation in four decades.
Crown Prince Mohammed bin Salman said that Saudi Arabia would increase production to 13 million barrels a day from the current limit of 12 million barrels a day by 2027 but said that "after that, the kingdom will not have any more capability to increase production".
He also warned against chasing "unrealistic" energy policies as he called for greater investment in renewable sources as well as oil extraction.
"Adopting unrealistic policies to reduce emissions by excluding main sources of energy will lead in coming years to unprecedented inflation and an increase in energy prices, and rising unemployment and a worsening of serious social and security problems," Prince Mohammed said.
Crown Prince Mohammed also said the historic meeting of regional leaders and the US president came at a challenging time for the world, adding that he hoped "a new era of consolidation" would emerge among the nations at the summit.
Mr Biden looked to assure regional leaders that the US would remain committed to the Middle East.
"The United States is doing to remain an engaged partner in the Middle East. We will not walk away and leave a vacuum filled by China, Russia or Iran," Mr Biden said.
As well as Mr Biden and Crown Prince Mohammed, President Sheikh Mohamed, Iraqi Prime Minister Mustafa Al Kadhimi, Egyptian President Abdel Fattah El Sisi, Qatar's Emir Sheikh Tamim, Kuwait's Crown Prince Sheikh Meshal, Bahrain's Crown Prince Sheikh Salman bin Hamad, Oman's Sultan Haitham and Yemen's president Rashad Al Alimi all attended the summit.
The threat of Iran also featured heavily in the conversations in the region, especially in the Gulf where they are worried about boosting capability given Tehran's advanced ballistic missile and armed drone capability.
In his first trip to the region since he took office in January 2021, Mr Biden urged leaders to build a framework that included Israel to ensure GCC countries could defend themselves "adequately" with an integrated air defence force. The push would be a tough sell to states without ties with Israel.
"We believe there's great value in including as many of the capabilities in this region as possible and certainly Israel has significant air and missile defence capabilities, as they need to. But we're having these discussion bilaterally with these nations," a senior administration official told reporters.
As well as being the first US president to fly directly from Israel to Saudi Arabia, Mr Biden urged greater integration following the Abraham Accords that saw the UAE, Bahrain, Morocco and Sudan establish ties with Israel.
US national security adviser Jake Sullivan said on Friday that the president would also "lay out clearly" his vision and strategy for America's engagement in the Middle East when he met on the sidelines with regional leaders.
When they met, Mr Biden also invited President Sheikh Mohamed to visit the US.
“We both understand that the challenges we face today only make it a heck a lot more important that we spend more time together. I want to formally invite you to the States before this year’s out,” Mr Biden told Sheikh Mohamed.
In his meeting with Mr Biden, Mr El Sisi discussed food security and disruptions to energy supplies, the Egyptian presidency said.
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THE BIO
Favourite car: Koenigsegg Agera RS or Renault Trezor concept car.
Favourite book: I Am Pilgrim by Terry Hayes or Red Notice by Bill Browder.
Biggest inspiration: My husband Nik. He really got me through a lot with his positivity.
Favourite holiday destination: Being at home in Australia, as I travel all over the world for work. It’s great to just hang out with my husband and family.
What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
Countries recognising Palestine
France, UK, Canada, Australia, Portugal, Belgium, Malta, Luxembourg, San Marino and Andorra
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Name: Peter Dicce
Title: Assistant dean of students and director of athletics
Favourite sport: soccer
Favourite team: Bayern Munich
Favourite player: Franz Beckenbauer
Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates
'Shakuntala Devi'
Starring: Vidya Balan, Sanya Malhotra
Director: Anu Menon
Rating: Three out of five stars
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THE LIGHT
Director: Tom Tykwer
Starring: Tala Al Deen, Nicolette Krebitz, Lars Eidinger
Rating: 3/5
White hydrogen: Naturally occurring hydrogen
Chromite: Hard, metallic mineral containing iron oxide and chromium oxide
Ultramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica content
Ophiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on land
Olivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour
Cryopreservation: A timeline
- Keyhole surgery under general anaesthetic
- Ovarian tissue surgically removed
- Tissue processed in a high-tech facility
- Tissue re-implanted at a time of the patient’s choosing
- Full hormone production regained within 4-6 months
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Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
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Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
Tonight's Chat on The National
Tonight's Chat is a series of online conversations on The National. The series features a diverse range of celebrities, politicians and business leaders from around the Arab world.
Tonight’s Chat host Ricardo Karam is a renowned author and broadcaster with a decades-long career in TV. He has previously interviewed Bill Gates, Carlos Ghosn, Andre Agassi and the late Zaha Hadid, among others. Karam is also the founder of Takreem.
Intellectually curious and thought-provoking, Tonight’s Chat moves the conversation forward.
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Destroyer
Director: Karyn Kusama
Cast: Nicole Kidman, Toby Kebbell, Sebastian Stan
Rating: 3/5
UAE release: January 31