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What ties have Trump and his allies maintained with the oil-rich Gulf states?
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What ties have Trump and his allies maintained with the oil-rich Gulf states?

DUBAI – Since leaving office in 2021, former President Donald Trump and several of his allies have continued to collaborate with the most powerful and wealthiest Gulf countries, striking multimillion-dollar trade deals and engaging in discreet, behind-the-scenes diplomacy.

Below are some of the meetings and agreements reached between Trump, who claimed victory in the 2024 presidential election, his allies and the Gulf:

*Trump separately hosted the ruling emir of Qatar and the president of the United Arab Emirates at his Mar-a-Lago residence and private club in September, on the sidelines of their official visits.

*On several occasions since Trump left the White House, Jared Kushner, Trump’s son-in-law, has discussed U.S.-Saudi diplomacy with Saudi Arabia’s crown prince and de facto ruler Mohammed bin Salman, known as M.B.S. Kushner attended the 2022 FIFA World Cup in Qatar.

*The Trump Organization, Trump’s company, has business deals with key allies in the region, including the United Arab Emirates, Saudi Arabia and Oman.

*The Trump Organization announced in July that it was partnering with Saudi international luxury real estate developer Dar Global to build a Trump-branded tower in Dubai.

*London-listed Dar Global also announced in July that it was working with the Trump Organization to develop a Trump Tower in Jeddah, Saudi Arabia.

*In 2022, Dar Global signed a deal with the Trump Organization to use the Trump brand for its $4 billion project in the Gulf state of Oman, which includes a golf course, hotel and villas.

*Other key Trump allies have also maintained business ties with Gulf powers since leaving office in 2021.

*Dina Powell McCormick, who served in various roles in the Trump administration, including deputy national security adviser, was among the Wall Street veterans hired to work on Saudi Aramco’s initial public offering in 2019. Now an executive at investment bank BDT & MSD Partners, she attended Saudi Arabia’s Future Investment Initiative conference in October 2024, a flagship event for investment brokerage.

*Ken Moelis, a former Trump banker and founder and chief executive of investment bank Moelis & Company, was also among those selected to work on Saudi Aramco’s initial public offering. Moelis attended Saudi Arabia’s Future Investment Initiative conference in October 2024.

*Steve Mnuchin, a former Goldman Sachs executive and U.S. Treasury secretary under the Trump administration, has been a frequent visitor to Qatar, Saudi Arabia and the United Arab Emirates since leaving office in 2021. The fund created by Mnuchin’s Liberty Strategic Capital received backing from Abu Dhabi-based sovereign wealth fund Mubadala and SoftBank’s Vision Fund.

*Congressional investigators say Saudi Arabia invested $2 billion in Jared Kushner’s private equity fund, Affinity Partners, which he created after leaving the White House. Wealth funds from the United Arab Emirates and Qatar have also invested hundreds of millions of dollars in the fund, according to The New York.

Times.

*Eric Trump, one of the former president’s sons, told the Financial Times in July that the Trump Organization wanted to do more deals in the Middle East.

*Donald Trump Jr., the former president’s eldest son, visited Oman and Dubai in June. REUTERS