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Luxury skyscrapers, golf courses and cryptocurrency: Trump’s rapidly expanding Middle East business

CNN's profile
CNN
7h ago

The Trump family's business ventures in the Middle East have significantly expanded since Donald Trump's return to the presidency, raising ethical concerns about potential conflicts of interest and foreign influence on U.S. policy. Despite ethical criticisms, Trump has pursued numerous projects, including luxury skyscrapers, golf courses, and cryptocurrency deals, often leveraging his presidency to boost these business interests. The Trump Organization claims to keep its business operations separate from presidential duties, although partnerships with Middle Eastern entities persist. Trump's personal and professional ties to the Middle East have strengthened, with notable investments and collaborations involving nations like Saudi Arabia and Qatar. These developments highlight the complex interplay between Trump's business interests and his role as President, prompting scrutiny from government ethicists and political watchdogs.

Luxury skyscrapers, golf courses and cryptocurrency: Trump’s rapidly expanding Middle East business

Context:

The Trump family's business ventures in the Middle East have significantly expanded since Donald Trump's return to the presidency, raising ethical concerns about potential conflicts of interest and foreign influence on U.S. policy. Despite ethical criticisms, Trump has pursued numerous projects, including luxury skyscrapers, golf courses, and cryptocurrency deals, often leveraging his presidency to boost these business interests. The Trump Organization claims to keep its business operations separate from presidential duties, although partnerships with Middle Eastern entities persist. Trump's personal and professional ties to the Middle East have strengthened, with notable investments and collaborations involving nations like Saudi Arabia and Qatar. These developments highlight the complex interplay between Trump's business interests and his role as President, prompting scrutiny from government ethicists and political watchdogs.

Dive Deeper:

  • Donald Trump's business ties in the Middle East have more than tripled since his first presidential term, with new projects in luxury real estate and cryptocurrency significantly expanding his family's business empire in the region.

  • Concerns have been raised by government ethicists and watchdogs about Trump's dual role as a businessman and President, as his financial engagements could potentially influence U.S. foreign policy in favor of his personal interests.

  • Despite pledges to avoid new foreign government deals during his second term, the Trump Organization's recent collaboration with Qatari Diar for a golf course in Qatar has been scrutinized for its links to Qatar's sovereign wealth fund.

  • Trump's presidency has been marked by efforts to secure substantial financial commitments from Gulf nations, including a $1.4 trillion investment from the UAE and a $600 billion trade expansion with Saudi Arabia, raising questions about the motivations behind these economic engagements.

  • The Trump family's Middle Eastern business activities have continued to grow, with projects involving key regional players like Saudi Arabia and Oman, often facilitated through partnerships with influential local entities such as Dar Global and LIV Golf.

  • Ethical concerns have been exacerbated by Trump's acceptance of gifts, such as a plane from the Qatari Ministry of Defense, which has been interpreted as an attempt by Gulf nations to garner favor and influence U.S. policy.

  • Critics argue that Trump's business dealings and personal relationships in the Middle East could present reputational risks for the United States and potentially jeopardize national security if they unduly influence presidential decision-making.

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