Monday 29 November 2021 - 09:00

Time To Pay: Kushner Seeks Gulf Investors for New Firm

Story Code : 965987
Time To Pay: Kushner Seeks Gulf Investors for New Firm
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.

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, and with negotiations over what could be a sizeable amount of money.

Over the summer it was reported that Kushner will also open an office in the apartheid “Israeli” entity that will promote trade ties between “Israel”, India, the Gulf States and North Africa.

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

"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."