Trump Considers Bailing Out His Family's Major Business Partner
newrepublic.com

... The Trump administration is considering a bailout for the United Arab Emirates over economic losses sustained as a result of the U.S. war with Iran.

The Wall Street Journal reported Sunday that UAE officials are speaking with the White House about providing financial relief, such as a currency swap, if their economy takes an even bigger hit during the war. Khaled Mohamed Balama, governor of the UAE's central bank, raised the issue in meetings with Treasury Secretary Scott Bessent last week. UAE officials reportedly have said their finances are OK for now, but they could need help in the future.

In an interview with CNBC Monday morning, Kevin Hassett, director of the National Economic Council, said that while he hadn't spoken directly with Bessent about it, if the Strait of Hormuz remains closed and continues to hurt the UAE's economy, the Trump administration would be willing to provide help.

"The UAE has been an incredibly valuable ally throughout this effort, and I am sure that the treasury secretary will make every effort to help them out should that be necessary," Hassett said. ...

The money behind the new Iran War
popular.info

... In private calls over the last several weeks, Saudi Crown Prince Mohammed bin Salman (MBS) reportedly urged President Trump to attack Iran. Iran is a top regional rival of Saudi Arabia, and MBS had become concerned about Iran's growing military capabilities.

The lobbying campaign achieved success on Saturday, when Trump announced he had begun "major combat operations in Iran." Trump launched a war even though U.S. intelligence assessed that Iran posed no imminent threat to the United States. In June 2025, Trump publicly declared that more limited strikes "completely obliterated Iran's nuclear capability."

MBS's influence with Trump has grown as the Saudi government has invested billions in projects that personally enrich Trump and his son-in-law, Jared Kushner.

Despite the glaring conflicts-of-interest, Trump installed Kushner as a top negotiator with Iranian officials. Kushner and Middle East envoy Steve Witkoff participated in a mediation session with their Iranian counterparts in Geneva on Thursday, billed as a last-ditch effort to avoid war.

The Saudi Arabian Public Investment Fund (PIF) is the largest investor in Jared Kushner's private equity fund, Affinity Partners. PIF invested $2 billion in Affinity Partners in 2021, even though the PIF committee that screens investments recommended rejecting Kushner's proposal, citing "inexperience" and "excessive" fees. The committee's recommendation was overruled by MBS, who heads PIF's Board of Directors.

PIF pays Kushner 1.25% of its investment, or $25 million, annually. The Senate Finance Committee estimates that Kushner will be paid $137 million in management fees from PIF by August 2026. Further, in September 2025, PIF, Affinity Partners, and others jointly acquired Electronic Arts, the publisher of iconic video games like The Sims and Madden NFL, for $55 billion. The deal, which is the largest leveraged buyout in history, will likely be very lucrative for Kushner.

After raising billions for the Saudis and other foreign governments, Kushner dismissed concerns about conflicts of interest, pledging he would not be involved in Trump's second term. In February 2024, Axios' Dan Primack asked Kushner whether his business relationship with foreign governments would make it "very difficult ... to do any sort of foreign policy work" moving forward. "I'm an investor now," Kushner replied. "I served in government, and I think my track record is pretty impeccable. Now I'm a private investor." ...