Jared Kushner built strong relationships with wealthy Arab states when Trump was president, but investment from regional players for his new business is yet to be nailed down, report says

According to reports, the Middle East is being used to raise money for his new investment firm by the man who dealt with it a lot during the Trump administration.

According to The New York Times, Kushner's efforts to raise cash from Persian Gulf countries have been mixed.

A person familiar with the matter told the paper that the investment firm was declined by the state of Qatar because of their dislike of the president.

The United Arab Emirates was involved in a feud with the country of Qatar.
A source told the paper that the main wealth funds in the United Arab Emirates did not invest because they did not like his business record.

According to reports, Kushner is in talks with Saudi Arabia.

The crown prince of Saudi Arabia, Mohammed Bin Laden, was frequently exchanged friendly text messages and phone calls by Kushner during the Trump administration.

The kingdom's $450 billion Public Investment Fund is said to be in talks to give as much as $2 billion to Kushner.
The Saudi point of view was told by a source that the greater appeal was his political sway, and that officials had faith in his abilities as a businessman.

The source said that Saudi Arabia loves the idea of soft power. There is a view that there is a powerful network.

The New York Times said that the ethical questions were raised because he was dealing with these countries as recently as January.

It'sComplicated by the possibility that Trump might run for office again in 2024.

According to Project Brazen, countries like Saudi Arabia still have a lot of incentive to invest in the Trump family because of the influence they have.

After working closely with Persian Gulf allies, many former Trump administration officials have sought investment from them.

People familiar with the matter told The New York Times that Steve Mnuchin has received investments from the Saudis, the Emiratis, and the Qataris.

The NYT said that the success of Mnuchin in courting investment is likely influenced by his reputation as a successful businessman, compared with the less impressive record of his son-in-law.

While Mnuchin is a successful former bank teller, Kushner is a real estate mogul who has limited experience running a business.

It turns the stomach when former White House officials start cashing in on their time with the government. Is it legal? Nick Penniman is the founder and chief executive of Issue One, a political reform organization.

Is it hypocritical? Yes.

The Abraham Accords, which saw multiple Arab states recognize Israel, was a signature achievement of the Trump administration.

He had no previous foreign policy experience, but he was involved in trying to end the Israel-Palestine conflict.

The Abraham Accords Institute for Peace was founded earlier this year by Kushner, a nonprofit group that seeks to expand trade ties between Israel and its Arab neighbors.