Report: Jared Kushner seeking Mideast investors for new firm

i24NEWS

2 min read
Then US presidential adviser Jared Kushner delivers a speech upon his arrival at the Royal Palace in the Moroccan capital Rabat on December 22, 2020.
FADEL SENNA / AFPThen US presidential adviser Jared Kushner delivers a speech upon his arrival at the Royal Palace in the Moroccan capital Rabat on December 22, 2020.

Former White House senior adviser rebuffed by Qatar and UAE, but having success with Saudis

Former White House senior adviser Jared Kushner is seeking investors from the Gulf states for a new firm, according to a report in the New York Times.

The son-in-law of former US president Donald Trump established the Miami-based investment firm Affinity Partners after Trump lost his reelection bid to current President Joe Biden in November of last year.

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Kushner has so far struggled to get financial backing from sovereign wealth funds, according to the Friday report, with Qatar and the United Arab Emirates declining. However, Kushner did have success in courting Saudi Arabia and the kingdom's $450 billion Public Investment Fund, sources told the newspaper, with negotiations over what could be a sizable amount of money.

Over the summer it was reported that Kushner will also open an office in Israel that will promote trade ties between Israel, India, the Persian Gulf states and North Africa.

Kushner was one of the architects of the Abraham Accords that normalized relations between Israel and the UAE, Bahrain, Morocco and Sudan.

The inquiries raise ethical issues, a year removed from his White House position and with Kushner's father-in-law considering a presidential run again in 2024.

"When former White House officials start cashing in their time served with our government by cozying up to monarchs, it turns the stomach a bit. Is it illegal? No," Nick Penniman, the head of Issue One, a good-government organization in Washington, told the Times. “Is it swampy and seemingly hypocritical? Yes."