Dubai: US lender and businessman Anthony Scaramucci has clarified that he considers the US-Saudi correlation to be a "Catholic marriage" in the latest episode of "Frankly Speaking", Arab News' current talk show per week with key decision makers. Engaged and executive of companies.

He found out about the time he defined Saudi-American relations "“ I called it a Catholic marriage," he said in a 2021 interview with Arab News, when asked how he would describe the relationship to President Joe Biden. What advice would you give to improve.

We may disagree, but we will always be married. Whatever the interval of rulers is, it is only for a limited time. We trust each other."

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Scaramucci spoke from Abu Dhabi, where he was attending the second Investopia conference, about a variety of topics, hailing the economic opportunities of the Gulf region, and confirmed plans to bring the SALT thought-leadership forum to Riyadh.

"We've figured out a way to engage with each other over the last 80 to 90 years," he said of Saudi-US relations. Our economies, governments, intelligence communities and defense departments are all interconnected.

Therefore, I would ask the people at the White House, as well as in the UAE and Riyadh, to think long and hard about these issues."

Scaramucci, who filled in as White House head of correspondence in July 2017 when Donald Trump was US president, said: "Lately we have a tendency on the planet ... to return once again to tribalism and a Slight rubbing with each other to degenerate again.

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It's kind of 'my way or absolutely no chance'. We must reflect more on the spirit of cooperation and how much better we are together and how much more prosperous we can be. That would be my overall proposal (for the Biden White House)."

As a general guest of Saudi Arabia, Scaramucci appreciated Realm's initiative for the development and transformation of its strategy.

As they start to make these changes and they build more infrastructure, and they move to a zero-fossil fuel byproduct standard, and they build these amazing urban communities like NEOM, the region is catching up with the rest of the world. opening for. It's a lovely, cordial culture in the realm," he said.

He added that Saudi Arabia's prioritization of its travel industry has taken into account more remarkable social trade and understanding with the local region around the world.

"I credit Scope for change (it's happening)," he told "Honestly Speaking" host Katie Jensen. Beyond that, I think the greatest years for Scope are ahead of itself. "

As far as Scaramucci can tell, Realm's financial technology intends to set up a positive environment for unfettered direct speculation, in addition to essentially broadening the economy away from sectors like the travel industry and oil and carbon powers.

Since the departure of Saudi Vision 2030 in 2016, Saudi Arabia has moved towards empowering foreign investment, allowing unrecognized companies to list on the Saudi Stock Exchange and allowing many global organizations to operate in the world in 2020. Giving is included.

Asked where Saudi Arabia stood as an object for unrecognized direct investment and what he would recommend for reaching its maximum potential, Scaramucci said: "If you focus on the best assemblies, they have There is less tax collection technique, they have a strong process with private enterprise, and later they follow law and order

After all, business pioneers have to acknowledge that whether they conclude contracts or whether they buy property, or whether they create a capital interest in a location in the world, it is protected from an asset perspective and it is protected according to a legal is the approach.

This is what Saudi Arabia is doing. Besides, to that end capital will flow into the country."

Scaramucci acknowledged that the Ukraine-Russia conflict along with a central bank rate hike in the US has been a dampener on speculation around the world. “There is a certain sluggishness that still persists, it is more macroeconomic-related than industry or district,” he said.

"When the Fed goes to this expansion point in the US and releases the brakes, maybe, on the economy and we start to see a financing cost, there will be a flood of cash into the sector because I accept that the location of the bay is strategically established geologically.", Scaramucci said.

“It is strategically placed in the way states are working with the private sector to improve growth. Once again, capital will flow in, yet we need to overcome this macroeconomic period at the present time Is."

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Just two months and in 2023 the time for the Bay Area Assembly is running out. February saw tech giants gather for a jump meeting in Riyadh; Investopedia x SALT venture opportunity just launched in UAE capital; And a worldwide gathering is attracting notable attendees to Saudi cash-flow to talk about how equity can harness the power of advanced change.