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Saudi Arabia plans to invest $600bn in new US trade over 4 years
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By Kayode Sanni-Arewa
Saudi Arabian Crown Prince Mohammed bin Salman told President Donald Trump that the kingdom wants to put $600 billion into expanded investment and trade with the United States over the next four years, the Saudi State news agency said early on Thursday.
In a phone call between the two leaders, the crown prince said the Trump administration’s expected reforms could create “unprecedented economic prosperity”, the state news agency reported.
The report said Saudi Arabia wants its investments to capitalize on these conditions. It did not detail the source of the $600 billion, whether it would be public or private spending nor how the money would be deployed.
The investment “could increase further if additional opportunities arise”, the agency quoted Bin Salman as telling Trump.
Trump fostered close ties with Gulf states including Saudi Arabia during his first term. The country invested $2 billion in a firm formed by Jared Kushner, Trump’s son-in-law and former aide, after Trump left office.
Trump said following his inauguration on Monday that he would consider making Saudi Arabia his first destination for a foreign visit if Riyadh agreed to buy $500 billion worth of American products, similar to what he did in his first term.
“I did it with Saudi Arabia last time because they agreed to buy $450 billion worth of our product. I said I’ll do it but you have to buy American product, and they agreed to do that,” Trump said, referring to his 2017 visit to the Gulf kingdom.
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Reporting by Hatem Maher; Editing by Leslie Adler and Cynthia Osterman
News
We don’t have current negotiations with US — Iran
Iran’s foreign ministry on Monday said it was not currently involved in negotiations with the United States, despite a halt in recent fighting between the two sides.
“Mediators may convey messages from the American side to us regarding current developments in the region. But at present, we are not engaged in any negotiations with the United States,” ministry spokesman Esmaeil Baqaei said at a weekly press briefing.
“Claims that Iran has requested negotiations are fabrications that the other side circulates from time to time,” he added.
Hostilities resumed between Iran and the United States earlier this month after diplomatic efforts collapsed amid an impasse regarding the Strait of Hormuz.
Fighting has nonetheless paused since early Saturday, following 13 days of exchanges of fire between the two sides.
Baqaei criticised the United States, saying its conduct in recent years has “resembled that of a mafia gang that adheres to no rules or laws”.
“So long as such behaviour by the United States continues, we cannot be hopeful about the emergence of a reasonable process,” he added.
Iran insists on retaining control over the management of the Strait of Hormuz, including the collection of service fees, while keeping Oman involved as a coastal state.
Iran’s Revolutionary Guards have turned back multiple vessels in recent days, including six earlier on Monday, that attempted to transit the strait outside the route designated by the Islamic republic.
On Monday, Baqaei reiterated that Washington had nothing to do with recent talks with Oman over the administration of the Strait of Hormuz.
“These talks have no connection with the United States. They are a bilateral matter between Iran and Oman, and they are continuing,” Baqaei said, adding that the waterway “remains closed”.
News
Police Finally Confirm Abduction Of Kebbi High Court Judge By Bandits
The Kebbi State Police Command has confirmed the abduction of
a Kebbi State High Court judge, Justice Faruku Hassan Bunza after suspected Bandits invaded his residence in Bunza Local Government Area.
Confirming the abduction, the State Police spokesperson, SP Bashir Usman, said the judge was taken from his residence around midnight.
“I can confirm that Hon. Justice Faruku Hassan Bunza was abducted from his residence in Bunza around midnight,” Usman said.
He disclosed that the Commissioner of Police, CP Umar Muhammad Hadejia, had immediately deployed tactical and intelligence teams to track the abductors and rescue the judge.
“Our personnel are combing identified locations, including forest hideouts, to ensure that the judge is rescued alive and unharmed,” the police spokesperson said.
NATIONAL WAVES learnt that the gunmen stormed the judge’s home along Zogirma Road at about 12:00 a.m. on Sunday, shortly after he returned from a trip to Sokoto State.
The attackers fired sporadically into the air before whisking the judge away. No member of his household was kidnapped or molested during the operation. He had just returned from Sokoto when the gunmen invaded his residence and abducted him,” a source squealed
A family member who craved for anonymity said “Immediately the incident happened, we alerted the relevant authorities, including the leadership of the High Court,”
News
Confusion in Anambra as students feared trapped in private hostel near Oko Polytechnic collapses
A three-storey private hostel warehousing students of Federal Polytechnic Oko has collapsed in Amokpala, Oko, in Orumba North Local Government Area of Anambra State, leaving a yet-to-be-identified number of occupants trapped beneath the rubble.
The building, identified as Elite Five Star Lodge, reportedly caved in late Sunday night.
The collapse of the hostel located near Tonimas Filling Station in the Oko Polytechnic community sparked panic among residents and students as cries for help were reportedly heard from beneath the debris.
Emergency responders launched rescue operations, with personnel from the Anambra State Police Command, the Anambra State Fire Service, the Anambra State Emergency Management Agency (SEMA), and other security and emergency agencies deployed to the scene.
Several injured victims have so far been rescued from the collapsed structure and taken to a hospital in Oko for medical treatment.
Search-and-rescue teams, however, continue efforts to reach other occupants believed to be trapped under the debris.
Authorities said the exact number of casualties and those trapped could not be immediately confirmed, as rescue operations were still ongoing at the time of filing this report.
Confirming the incident, the spokesperson for the Anambra State Police Command, SP Tochukwu Ikenga, said a police-led joint security team swiftly secured the area and coordinated emergency response efforts to prevent further loss of life.
Ikenga urged residents to remain calm, refrain from spreading unverified information, and stay away from the scene to allow rescue workers unhindered access to carry out their operations.
He added that the police command would provide further updates as more verified information becomes available.
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