The president's remarks follow an announcement by Saudi Arabia's Crown Prince that the kingdom will invest $600 billion in the US.

US President Donald Trump spoke remotely at the World Economic Forum (WEF) on Thursday in Davos, Switzerland and urged Saudi Arabia to cut oil costs and increase investment in America to one trillion dollars.

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.

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

Speaking remotely to the World Economic Forum annual meeting in Davos, Switzerland, President Donald Trump said he would ask Saudi Arabia and the Organization of the Petroleum Exporting Countries, or OPEC,

U.S. President Donald Trump has called on Saudi Arabia and OPEC to lower oil prices while encouraging Riyadh to increase its U.S. investment from $600 billion to $1 trillion. Trump's remarks were made following discussions with Saudi Crown Prince Mohammed bin Salman about future economic collaborations.

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.

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

Saudi Arabia's state oil company Aramco bought its first cargo of WTI Midland, a U.S. crude oil grade that underpins the global Brent benchmark, oil-index publisher S&P Global Commodity Insights said on Wednesday.

During a speech to the World Economic Forum on Thursday, President Donald Trump pressured the Saudi Crown Prince to increase his planned $600 billion investment in the U.S. "to a round $1 trillion" and to lower the global price of oil.

Davos, Switzerland: The international community must prioritize cooperation and dialogue to overcome the challenges of a fragmented world, the Saudi delegation to the World Economic Forum (WEF) Annual Meeting 2025 said today.

Saudi Arabia has investments of more than $770 billion in the US and said it expects relations with Washington “will continue to be flourishing” as the kingdom pursues its broad economic overhaul.Most Read from BloombergWhat Happened to Hanging Out on the Street?