Prince Mohammed bin Salman plans to meet President Donald Trump in Washington this November, marking his first White House visit in seven years as both nations push forward billions in investment commitments.
The trip follows Trump’s May regional tour where the two governments outlined several joint investment frameworks. Bloomberg reported the meeting details citing unnamed sources familiar with the arrangements.
Meanwhile, Saudi Arabia’s bond and sukuk issuance figures lead the domestic business agenda this week. Wajd Life has also published its prospectus ahead of a planned IPO on the Nomu parallel market.
**Regional expansion accelerates**
Ades International Holding projects its takeover of Shelf Drilling will extend operations from 13 to 19 countries. The combined fleet would reach 83 offshore rigs, roughly 20% of global capacity, with annual revenue gains up to USD 900 million expected by mid-2026.
The SAR 1.4 billion merger, announced last week, awaits regulatory approvals and should close in the fourth quarter.
**AI and infrastructure momentum**
Saudi-backed Humain will launch an Arabic-language version of ChatGPT before September. CEO Tariq Amin said the platform was developed entirely by local talent, describing Saudi engineers as exceptional when given proper resources and technology.
Humain has signed over USD 23 billion in agreements with Nvidia, AMD, Amazon Web Services, and Qualcomm since launching this year.
**Oil pricing signals**
Aramco increased its Arab Light crude premium for Asian buyers by USD 1 per barrel for September deliveries. That brings the premium to USD 3.20 above the Oman-Dubai benchmark, exceeding trader expectations of a 90-cent hike.
The move marks a second consecutive monthly increase. However, analysts at JPMorgan and Goldman Sachs warn Brent could slide toward USD 60 per barrel in the fourth quarter if supply growth outpaces demand.
**Sports transfer window heats up**
Al Nassr agreed to sign Barcelona defender Iñigo Martínez on a free transfer until June 2026. The club has also opened talks with Bayern Munich for French winger Kingsley Coman.
Uruguayan striker Darwin Núñez verbally approved a move to Al Hilal on a three-year deal worth EUR 53 million plus bonuses to Liverpool.
The Saudi Pro League season kicks off this month with clubs finalizing foreign player rosters under new regulations.
