WASHINGTON: Jared Kushner, a top adviser to former President Donald Trump, plans to launch an investment firm in coming months, a move that will take him away from politics for the foreseeable future, sources familiar with the plan said on Wednesday.
Kushner, the former CEO of Kushner Companies, who served as the Republican president’s senior adviser in the White House, is in the final stages of launching an investment firm called Affinity Partners that will be headquartered in Miami.
Kushner, who is married to Trump’s daughter, Ivanka Trump, is also looking to open an office in Israel to pursue regional investments to connect Israel’s economy and India, North Africa and the Gulf, said two people briefed on the plan, who spoke on condition of anonymity.
The sources had no details about potential investors and said the firm was still in the planning phase.
Kushner has spent the last six months with his family in Miami writing a book about his White House experiences that is expected to be published early next year.
Kushner helped broker deals between Israel and the United Arab Emirates, Bahrain, Sudan and Morocco in a six-month flurry last year. He also helped negotiate a new US-Mexico-Canada trade agreement.
Kushner remains close with his father-in-law, the sources said, but by re-entering the private sector he is stepping away from politics for the foreseeable future.
The Republican Party has been divided over the deadly attacks on the US Capitol on Jan. 6 by Trump supporters, and Trump’s false claims that he beat Democrat Joe Biden in the 2020 presidential election.
Kushner and his family have been spending the summer as Trump’s next-door neighbor at Trump’s golf property in Bedminster, New Jersey.
People close to the former president say he is strongly considering another run for the Republican nomination in 2024.
Jared Kushner investment firm to open Middle East office — Reuters
https://arab.news/y4pcs
Jared Kushner investment firm to open Middle East office — Reuters
- Kushner plans to open an investment office in the coming months, sources familiar with the plan said
- Israel office will attempt to build ties with India, Gulf, North Africa
Oman to establish international financial center to drive economic vision
RIYADH: Oman is set to establish an International Financial Center, in a move to diversify the national economy and position the nation as a leading global hub.
According to a press release, the new establishment aims to draw international investment, advance innovation across various services, and strengthen Oman’s standing in the global financial ecosystem. It will function with full administrative, regulatory, and legislative autonomy from its headquarters in Madinat Al Irfan.
With a legal decree now in place, the coming months will focus on finalizing the regulatory framework, engaging stakeholders, and establishing operational structures.
The aim is to launch the center’s activities and commence full operations before the end of the year, marking a significant milestone in realizing Oman Vision 2040.
Officials hailed the decree as a transformative step. The president of the Oman Investment Authority stated that the center reflects the Sultan’s vision to “create an attractive investment environment” and will provide a “secure and transparent” hub distinguished by stability and efficiency.
“The aspiration is that the center will become a strategic destination and a source of capital inflows,” Abdulsalam Mohammed Al-Murshidi added, linking it directly to Oman’s broader goals of economic diplomacy and diversification.
A key feature of IFC Oman is its legal foundation. It will develop a comprehensive regulatory and judicial framework aligned with international standards and based on English Common Law, a system trusted by global investors and institutions.
To ensure robust and transparent governance, the establishment will be overseen by an IFC Oman board appointed by Sultan Haitham bin Tariq.
Three independent entities will operate under the law: an authority for management, a regulator for oversight, and a dispute resolution authority to handle legal matters.
Aiming to be a magnet for investment, IFC Oman will offer a compelling package of incentives for qualifying firms, including tax exemptions for up to 50 years. The center plans to focus initially on financial activities and their supporting sectors.
Mahmood Abdullah Al-Aweini, chairman of the IFC Oman Executive Committee, positioned the move as a natural progression following Oman’s recent credit rating improvements. He emphasized that IFC Oman will offer competitive costs, regulatory agility, and reliable services to ease business establishment and global market access.
“Together with our strategic partners, we aim to work toward bringing this ambitious vision into reality,” Al-Aweini said, expressing confidence in the center’s future.
