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Politics05:26 · Aug 10

Trump Family Benefits From UAE's Expanding Investments Across US Economy

MaarivCenter
Translated & summarized from Maariv by baba
The story · English

The United Arab Emirates (UAE) has successfully normalized and expanded its investments throughout the United States, with a significant portion directed towards the family of US President Donald Trump. Since the arrival of UAE Ambassador Yousef Al Otaiba in Washington in 2008, the Emirates have invested over $270 million in lobbying efforts, supporting think tanks, hosting international conferences, and promoting the country as a liberal and progressive desert oasis. This diplomatic strategy culminated in the signing of the Abraham Accords in 2020, which transformed American perceptions and opened numerous doors for the UAE.

The UAE aims to diversify its economy beyond oil revenues by becoming a global leader in artificial intelligence. Major sovereign wealth funds like Mubadala have formed extensive partnerships with technology companies, launched joint ventures with giants such as OpenAI, and acquired a 15 percent stake in TikTok's US operations. A former Biden administration official told the Financial Times that the US tech industry is now deeply intertwined with Emirati capital, granting the UAE unprecedented influence in Washington.

Despite close political and military ties with China, accusations of arming militias committing genocide in Sudan, and serving as a financial conduit for Iran to bypass sanctions, the US government has largely overlooked these issues. Even after recent missile and drone attacks by Iran on Emirati assets, Abu Dhabi has strengthened its military and technological alliances with Washington and Jerusalem. However, some Democratic Party figures warn that if they regain control of Congress in the upcoming midterm elections, the UAE's favored status in Washington could end, leading to extensive investigations.

Read the original at Maariv
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