ARAB AND WORLD

Tue 04 Apr 2023 2:32 pm - Jerusalem Time

Jared Kushner's company has received hundreds of millions from the Emirates and Qatar

The New York Times revealed last week that the company of Jared Kushner , son-in-law of former President Donald Trump , and one of the most important supporters of the current Prime Minister of Israel, Benjamin Netanyahu (who was prime minister when Kushner worked from the White House from 20/1/2017 to 20/1/2021) )


According to the report, Kushner Private Equity Company has received hundreds of millions of dollars in investments from the United Arab Emirates and Qatar, following a previous investment of $2 billion from Saudi Arabia for the project that was launched shortly after former President Trump vacated the White House (20/ 1/21) and his son-in-law Kushner left the White House on the same day.


The report stated that a sovereign wealth fund in the UAE invested more than $200 million in Kushner's company (Affinity Partners), while an unnamed Qatari entity invested a similar amount.


The reported investments appear to show the continued efforts of Kushner and other senior members of the previous Trump administration to capitalize on the close relationships they built with the Middle East during his presidency.


Kushner developed a close relationship with many prominent figures across the Middle East, including Saudi Crown Prince Mohammed bin Salman, also known by his initials MBS, with whom he engaged for years through emails, text messages and other forms of communication, According to a previous report by The New York Times.


During his time in the Trump administration, the Saudi royal family gifted him two swords and a dagger worth about $48,000, and he ended up paying the US government after leaving office, in line with US law.


And in 2021, Kushner founded the “Abraham Peace Accords Institute,” which focuses on normalization and promoting trade and tourism between the four Arab countries and Israel.


And the New York Times confirms that “six months after leaving the Trump administration, Kushner obtained an investment of two billion dollars from the Saudi sovereign wealth fund, led by Crown Prince Mohammed bin Salman, and the investment came despite the objections of the Saudi Public Investment Fund advisers, who pointed out” Lack of "fund management" experience.


But despite these relationships Kushner has forged, Emirati and Qatari officials were initially reluctant to invest in his private equity fund, in part because of the political risks attached to the investments, people familiar with the two governments' internal deliberations told The New York Times.


For years, former US officials used their position in government to sign lucrative contracts with the Gulf states. Some US lawmakers have criticized this, but there are few laws to stop it.


In October 2022, two investigations by The Washington Post found that hundreds of retired US military officers used their military backgrounds to strike lucrative business deals in foreign countries, mostly between Gulf monarchies such as Saudi Arabia and the United Arab Emirates. And at least 280 military retirees have sought permission to work for the UAE, either as military contractors or consultants.


And in June of the same year, the House Committee on Oversight and Reform launched an investigation into Kushner's business dealings in the Middle East.


In a letter, Congresswoman Caroline Maloney requested documents regarding a $2 billion investment from Saudi Arabia in Kushner's firm, Affinity Partners.

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Jared Kushner's company has received hundreds of millions from the Emirates and Qatar

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