Qatar and UAE have 'invested hundreds of millions of dollars with' Jared Kushner’s equity firm: report

Qatar and UAE have 'invested hundreds of millions of dollars with' Jared Kushner’s equity firm: report
Jared Kushner in 2019 (Gage Skidmore)

Since his departure from 1600 Pennsylvania Avenue, Jared Kushner — former White House senior adviser in the Trump Administration and ex-President Donald Trump's son-in-law — has been focused on his business interests. And that includes his interests in the Middle East.

According to reporting in the New York Times, "wealth funds" in two Middle Eastern countries — the United Arab Emirates (UAE) and Qatar — have "invested hundreds of millions of dollars with" Kushner's private equity firm and are "joining Saudi Arabia in backing the venture launched by" Kushner "as he left the White House."

In an article published by the Times on March 30, reporters Jonathan Swan, Kate Kelly, Maggie Haberman and Mark Mazzetti explain, "The infusion of money from interests in the two rival Persian Gulf monarchies reflects the continued efforts by Mr. Trump and his aides and allies to profit from the close ties they built to the Arab world during his presidency and the desire of leaders in the region to remain on good terms with Mr. Kushner as his father-in-law seeks the presidency again."

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The journalists note that according to Times sources, Emiratis "invested more than $200 million with Mr. Kushner's firm, Affinity Partners."

Swan, Kelly, Haberman and Mazzetti report, "A Qatari entity invested a similar sum, according to two people with knowledge of that deal…. The investment from the UAE came through a sovereign wealth fund, but the identity of the Qatari investor is unclear."

According to the Times reporters, "Top Emirati officials have a close relationship with Mr. Kushner, forged during the Trump Administration. And the Kushner family has previously benefited from Qatari funds. A Qatar-linked company helped bail out the Kushners' debt-ridden tower in midtown Manhattan, 666 Fifth Avenue, during the Trump presidency."

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Read the New York Times’ full report at this link.

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