Trump Signs $600 Billion Economic Pact with Saudi Arabia: Boosting Bilateral Ties

President Trump and Crown Prince Mohammed bin Salman signed a landmark $600 billion economic partnership agreement on May 13, 2025, in Riyadh, signifying a new era of U.S.-Saudi collaboration. The pact focuses on defense and energy sectors, with major deals struck between U.S. companies like Boeing and GE. This historic agreement is expected to yield positive financial and political ramifications, bolstering bilateral ties. Initial optimism in global markets, particularly the crypto space, has been spurred by increased liquidity and anticipated market rallies, possibly benefiting assets such as Bitcoin (BTC) and Ethereum (ETH).