Donald Trump's Middle East debate:
Trump’s $400M Gift from Qatar and UAE Crypto Ties Spark Ethics Debate
Former President Donald Trump has long been involved in business, but his latest ties with the Middle East are getting a lot of attention. While leading the U.S., Trump accepted expensive gifts like a $400 million luxury plane from Qatar and chose Saudi Arabia as the first stop on a major overseas trip. This move was tied to promises of big investments in U.S. companies, raising concerns about whether politics and business were too closely linked.
Trump’s children, Eric and Donald Jr., have been actively promoting Trump family projects in the Middle East. Eric Trump recently announced an 80-story Trump Tower in Dubai. He also joined a cryptocurrency conference in the UAE, where their company, World Liberty Financial, made deals with investors. These deals show how closely the Trump family is working with leaders in the region while Donald Trump is still involved in U.S. politics.
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The Trump Organization is growing fast in the Middle East. New deals include a luxury golf resort in Qatar and real estate projects in Saudi Arabia and Oman. These projects involve partnerships with large local companies, some of which are linked to government funds. While the Trump family claims these are private deals, critics say they could lead to conflicts of interest, especially if Donald Trump’s foreign policy is influenced by business gains.
One of the biggest deals came during the cryptocurrency conference. A state-owned company in Abu Dhabi chose World Liberty Financial’s digital coin, USD, to support a $2 billion investment in Binance, the world’s largest cryptocurrency exchange. This could mean Trump-linked businesses earn a share from every dollar invested a deal that raised eyebrows even though Trump claimed he knew nothing about it.
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Trump’s ties to Middle East businesses aren’t new. In 2017, he opened the Trump International Golf Club in Dubai. Now, with his second term underway, the family is taking things further. The UAE has promised $1.4 trillion in U.S. investments over the next ten years, while Saudi Arabia is expected to invest $600 billion. Qatar is also giving Trump gifts like the private plane, even though some lawmakers say it’s inappropriate.
While the White House denies any wrongdoing, many worry that Donald Trump could shape U.S. policy based on how foreign countries treat his family business. Even though his children officially run the Trump Organization, experts say Trump still profits when the company does well. As his business brand grows in the Middle East, so do the concerns that personal wealth and national decisions might be too closely connected.
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