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Why MNI
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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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MNI China Daily Summary: Thursday, December 12
Senior Biden Admin Officials Visit Saudi Arabia To Discuss "Megadeal"
Axios reports that White House coordinator for the Middle East, Brett McGurk, and White House Energy Security Advisor, Amos Hochstein, visited Saudi Arabia last Thursday to continue talks with Riyadh on a "megadeal" which is understood to include diplomatic normalisation with Israel and broad security and civilian nuclear cooperation with the US.
- Sources told Axios that the two officials met with Saudi Crown Prince Mohammad bin Salman and other "senior Saudi officials" to discuss, "different elements of the mega deal," and "other regional and bilateral issues."
- If the deal is completed, it would represent a significant restructuring of the security architecture of the region and bolster US influence. Formalising a strategic partnership between Israel and Saudi Arabia would unify Washington's two key regional allies and act as a counterweight to the emerging regional axis of Russia, Iran, and China.
- It is likely that the White House wants to complete the deal before 2024 US presidential election to allow Biden a major foreign policy win to highlight on the campaign trail.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.