US President Joe Biden will reportedly travel to Saudi Arabia this month as Washington seeks to bolster ties with Riyadh and lower petrol prices at home.
Mr Biden will meet Crown Prince Mohammed bin Salman during part of a previously scheduled trip to Israel and Europe, The New York Times reported on Thursday, citing officials speaking on condition of anonymity. Other outlets including The Associated Press and CNN also cited anonymous sources confirming the trip.
Though logistics of the president's trip — the first to an Arab state since he came to office last year — have yet to be finalised, he is also expected to meet senior officials from other countries in the Middle East.
A senior White House official did not confirm the visit but said any travel would focus on advancing US interests, noting that some “are interwoven with Saudi Arabia”.
The official described Riyadh as a “strategic partner of the United States for nearly 80 years”.
Mr Biden “views the Kingdom of Saudi Arabia as an important partner on a host of initiatives that we are working on both in the region and around the world”, the official told The National.
Plans for presidential travel to Saudi Arabia have been in the works for months and the subject of intense negotiations between the two capitals. Last week, senior White House official Brett McGurk visited Riyadh, following a trip by Saudi deputy defence minister Khalid bin Salman to Washington in mid-May.
The trip comes as the Biden administration continues to ramp up co-operation with Riyadh, including seeking an end to the war in Yemen.
A UN-brokered truce between Yemen's warring parties was extended on Thursday and Mr Biden praised Saudi Arabia for its role.
“Saudi Arabia demonstrated courageous leadership by taking initiatives early on to endorse and implement terms of the UN-led truce,” Mr Biden said in a statement.
“The last two months in Yemen, thanks to the truce brokered in April, have been among the most peaceful periods since this terrible war began seven years ago.”
The US official reiterated Mr Biden’s commitment to support “Saudi Arabia in the defence of its territory from Iran and other threats”.
Karen Young, senior fellow and founding director of the Programme on Economics and Energy at the Middle East Institute, said Mr Biden’s visit is a “success story” for Saudi Arabia.
“It’s a real vindication for Saudi Arabia, for [Prince Mohammed],” Ms Young told The National.
For the past year and a half, US-Saudi tension increased over the killing of Saudi journalist Jamal Khashoggi and Riyadh's refusal to increase oil supplies.
During his campaign, Mr Biden vowed to make Saudi Arabia “a pariah”, but the rise in petrol prices due to Russia's invasion of Ukraine has forced a recalibration of the relationship.
Ms Young, who recently returned from a trip to Riyadh, said there is a sense of confidence that the kingdom's energy policies and economic transformation have paid off.
“They feel like they were correct, that they have made good choices on economic policy and on energy policy, and that the US is now recognising their value,” she said.
Ryan Bohl, a Middle East analyst with the Rane intelligence network, said the visit would mark a “substantial improvement in the personal ties between Saudi Arabia and the United States”.
But he warned of a changed dynamic and geopolitical divergences that will likely remain after the visit, such as Saudi relations with Russia and China.
“There is still a lot of life left in strategic co-operation in the relationship, but there's narrowing room of them returning to the close-knit alignment that we saw in the 1990s and 2000s,” Mr Bohl told The National.
Trump v Khan
2016: Feud begins after Khan criticised Trump’s proposed Muslim travel ban to US
2017: Trump criticises Khan’s ‘no reason to be alarmed’ response to London Bridge terror attacks
2019: Trump calls Khan a “stone cold loser” before first state visit
2019: Trump tweets about “Khan’s Londonistan”, calling him “a national disgrace”
2022: Khan’s office attributes rise in Islamophobic abuse against the major to hostility stoked during Trump’s presidency
July 2025 During a golfing trip to Scotland, Trump calls Khan “a nasty person”
Sept 2025 Trump blames Khan for London’s “stabbings and the dirt and the filth”.
Dec 2025 Trump suggests migrants got Khan elected, calls him a “horrible, vicious, disgusting mayor”
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
KILLING OF QASSEM SULEIMANI
Auron Mein Kahan Dum Tha
Starring: Ajay Devgn, Tabu, Shantanu Maheshwari, Jimmy Shergill, Saiee Manjrekar
Director: Neeraj Pandey
Rating: 2.5/5
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
Know before you go
- Jebel Akhdar is a two-hour drive from Muscat airport or a six-hour drive from Dubai. It’s impossible to visit by car unless you have a 4x4. Phone ahead to the hotel to arrange a transfer.
- If you’re driving, make sure your insurance covers Oman.
- By air: Budget airlines Air Arabia, Flydubai and SalamAir offer direct routes to Muscat from the UAE.
- Tourists from the Emirates (UAE nationals not included) must apply for an Omani visa online before arrival at evisa.rop.gov.om. The process typically takes several days.
- Flash floods are probable due to the terrain and a lack of drainage. Always check the weather before venturing into any canyons or other remote areas and identify a plan of escape that includes high ground, shelter and parking where your car won’t be overtaken by sudden downpours.
SQUADS
Bangladesh (from): Shadman Islam, Mominul Haque, Soumya Sarkar, Shakib Al Hasan (capt), Mahmudullah Riyad, Mohammad Mithun, Mushfiqur Rahim, Liton Das, Taijul Islam, Mosaddek Hossain, Nayeem Hasan, Mehedi Hasan, Taskin Ahmed, Ebadat Hossain, Abu Jayed
Afghanistan (from): Rashid Khan (capt), Ihsanullah Janat, Javid Ahmadi, Ibrahim Zadran, Rahmat Shah, Hashmatullah Shahidi, Asghar Afghan, Ikram Alikhil, Mohammad Nabi, Qais Ahmad, Sayed Ahmad Shirzad, Yamin Ahmadzai, Zahir Khan Pakteen, Afsar Zazai, Shapoor Zadran
Skoda Superb Specs
Engine: 2-litre TSI petrol
Power: 190hp
Torque: 320Nm
Price: From Dh147,000
Available: Now
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Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
Oscars in the UAE
The 90th Academy Awards will be aired in the UAE from 3.30am on Monday, March 5 on OSN, with the ceremony starting at 5am