President Donald Trump touted a new $600 billion investment from Saudi Arabia during a speech to world leaders in Davos.

U.S. President Donald Trump on Thursday said he will ask Saudi Arabia and the OPEC coalition to bring down oil prices, after which he will "demand" for a decrease in interest rates. Trump's comments came in a virtual address at the World Economic Forum in Davos-Klosters,

Trump spoke by video from the White House to the annual summit in Davos, Switzerland, on his third full day in office.

Saudi Arabia is looking for mining deals in a push to secure supplies of critical minerals for its industrialization plan, just as a wave of attempted consolidation sweeps the sector.

Saudi Arabia's foreign minister said on Tuesday he did not see Donald Trump's new administration contributing to the risk of a war between Israel and Iran, addressing an issue the region has feared since the start of Israel's war in Gaza.

As Washington steels itself for a battle with China over critical minerals and Brussels struggles to beat back a flood of Chinese electric vehicles, Saudi Arabia has offered to help Beijing ride out its growing trade disputes.

Trump said he planned to ask the oil cartel to lower prices, which he said would lead to a swift end to Russia's war in Ukraine.

Saudi Arabia aims to diversify its economy as part of the country’s long-term economic transformation plan, Finance Minister Mohammed Al-Jadaan tells Bloomberg at the World Economic Forum in Davos, Switzerland.

U.S. President Donald Trump on Thursday said he will demand Saudi Arabia and OPEC bring down the cost of oil and will ask Riyadh to increase a planned U.S. investment package to $1 trillion from an initial reported $600 billion.

President Trump held his first official call with a foreign leader since being sworn in for his second term with Saudi Crown Prince Mohammad Bin Salman, a controversial figure who Trump on

Saudi Arabia’s Mohammed bin Salman told President Donald Trump that he plans to invest $600 billion over the next four years.

Saudi Arabia said it received a record 30 million foreign tourists last year as the kingdom spends heavily on hotels, luxury projects and entertainment to transform itself into a hub for tourism.