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What does Donald Trump's victory in the 2024 US election mean for you? Your guide to understanding the impact on your investments and the region's security
Following Donald Trump's victory in the presidential election, are you wondering how his incoming administration will affect oil prices and your investments? Are you concerned about the future of Saudi-US relations and security in the Gulf region? Are you looking for a clear and impartial analysis to understand how Donald Trump's victory will affect the Kingdom's interests?
If these questions are on your mind, you've come to the right place. This article is not just a news story, but a comprehensive guide designed specifically for the reader in Saudi Arabia. By reading this analysis, you will gain a deep understanding and insight into the possible repercussions of the results of this fateful election. We analyze the president-elect's policies and reveal the tangible impacts his administration could have on your economy, your business, and the security of your region, giving you the insight you need to prepare for the future.
America's 2024 election: How did Trump's victory affect Saudi Arabia and the world?
The entire world, and the Middle East in particular, turned its attention to the 2024 US presidential election. This was not just a domestic political process that concerned American citizens alone, but a global event with profound and direct implications for the global economy, geopolitical stability, and, of course, the future of Saudi Arabia and the dynamics of the region. The heated competition between former President Donald Trump, who sought to return to the White House, and then-Vice President Kamala Harris made the election a real turning point. The question everyone in Riyadh, Jeddah and Dammam is now asking is: How will Trump's victory affect energy policies and oil prices, trade relations, and thorny security issues such as the Iranian nuclear file and the Israeli-Palestinian conflict? This comprehensive guide provides an in-depth analysis of all these aspects.
The big showdown in the U.S. election: Who is Donald Trump and who is Kamala Harris?
To understand the dimensions of this election, one must first understand the main candidates. Donald Trump, the Republican nominee and president-elect, is a globally recognized figure. A former businessman and TV star, he entered politics with a bang, winning the presidency in 2016. His first term was characterized by an unconventional approach, focusing on an "America First" policy that prioritized American interests. He withdrew from the Paris climate accord and the Iran nuclear deal, imposed tariffs on China, and played a role in the Abraham Accords. In contrast, Kamala Harris, the Democratic nominee, represented a more traditional political trajectory. She began her career as a prosecutor, then became a senator and vice president to President Joe Biden. Known for her progressive views and support for international alliances and diplomacy, her vision focused on reforming alliances and returning to international agreements.
The most important dates in the U.S. presidential election from voting to inauguration
The U.S. presidential election followed a set schedule. The most important date was Election Day, which fell on November 5, 2024. On this day, millions of Americans cast their votes to choose the members of the Electoral College. Then, on December 16, 2024, Electoral College members gathered in their states to officially cast their votes. Then, on January 6, 2025, Congress met to count the votes and officially declare Donald Trump the winner. Finally, on January 20, 2025, the president-elect and vice president were sworn in in Washington, D.C., to begin their four-year term.
Why has the 2024 election been described as the most decisive in modern American history?
The 2024 election was seen as more than just an ordinary political contest; it was a battle for America's identity and future. One of the main reasons was the sharp political polarization that the US has not seen in decades. This election was also unique in that it saw the return of a former president, Donald Trump, to a non-consecutive second term, a rarity in American history. The candidates' contrasting foreign policy visions had a decisive impact on the world. Trump's "America First" approach could lead to changes in existing alliances and trade tensions, while Harris' approach emphasized international cooperation.
Disclaimer
Sources of information and purpose of the content
This content has been prepared based on a comprehensive analysis of global and local market data in the fields of economics, financial technology (FinTech), artificial intelligence (AI), data analytics, and insurance. The purpose of this content is to provide educational information only. To ensure maximum comprehensiveness and impartiality, we rely on authoritative sources in the following areas:
- Analysis of the global economy and financial markets: Reports from major financial institutions (such as the International Monetary Fund and the World Bank), central bank statements (such as the US Federal Reserve and the Saudi Central Bank), and publications of international securities regulators.
- Fintech and AI: Research papers from leading academic institutions and technology companies, and reports that track innovations in blockchain and AI.
- Market prices: Historical gold, currency and stock price data from major global exchanges. (Important note: All prices and numerical examples provided in the articles are for illustrative purposes and are based on historical data, not real-time data. The reader should verify current prices from reliable sources before making any decision.)
- Islamic finance, takaful insurance, and zakat: Decisions from official Shari'ah bodies in Saudi Arabia and the GCC, as well as regulatory frameworks from local financial authorities and financial institutions (e.g. Basel framework).
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The information contained in this content reflects the situation as of the date of publication or last update. Laws, regulations and market conditions may change frequently, and neither the authors nor the site administrators assume any obligation to update the content in the future.
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- 1. regarding investment and financing: The reader should consult a qualified financial advisor before making any investment or financing decision.
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