Saudi Foreign Minister Prince Faisal bin Farhan is due to hold talks with US Secretary of State Michael Pompeo during a visit to Washington later this week.
The talks will form part of the inaugural US-Saudi Strategic Dialogue, focusing on the "furthering of regional security and prosperity, economic development, and the people-to-people exchanges", a US State Department statement read.
The US Saudi Arabia established full diplomatic relations in 1940, including exchange of credentials and the first US ambassadorial posting to Jeddah.
In February the nations celebrated 75 years since US-Saudi relations began in earnest after the meeting of US President Franklin D Roosevelt and Saudi Arabia's King Abdulaziz on board the USS Quincy.
The meeting was recreated in February this year with the grandsons of the two officials, Hall Delano Roosevelt and Prince Sultan bin Ahmed bin Abdul Aziz, Saudi ambassador to Bahrain, and other officials.
The countries now have close military and cultural ties, with an estimated 55,000 Saudi students studying in US colleges and universities as of January 2020.
The US is Saudi's second largest trading partner, and Saudi is the second largest importer of oil to the US.
How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
What is a robo-adviser?
Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.
These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.
Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.
Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.
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