Hamas threatens suicide bombings, rockets if Israel resumes targeted killings

Riyadh to take a position hundreds of thousands in Israeli tech through Jared Kushner’s new fund — report

Saudi Arabia is planning to allocate hundreds of thousands of {dollars} for investments in Israeli tech firms through Jared Kushner’s new personal fairness agency, in response to a report in The Wall Road Journal which cites folks acquainted with the funding plan.

Kushner, the son-in-law of former US president Doland Trump and an ex-senior adviser, arrange Affinity Companions late final 12 months, elevating some $3 billion in dedicated funding from worldwide buyers, together with the Saudis.

The WSJ report says Riyadh has eyed two Israeli firms for funding, although the names of the companies weren’t disclosed, nor the sectors wherein they function.

The report says the funding is “the primary identified occasion that the Saudi Public Funding Fund’s money shall be directed to Israel, an indication of the dominion’s rising willingness to do enterprise with the nation, despite the fact that they haven’t any diplomatic relations.”

Final December, The New York Occasions reported that Affinity Companions has employed some 20 folks, and plans to deal with US-based investments in addition to these within the Center East. The report mentioned the Saudi Arabian $450 billion Public Funding Fund was negotiating with Kushner over what may show to be a large funding in Affinity Companions, in response to two sources.

Earlier this 12 months, it was reported that Kushner would additionally open an workplace in Israel that can promote enterprise ties between Israel, India, Gulf states, and North Africa.

One in all Kushner’s final acts as an adviser to Trump was main the brokering of normalization offers between Israel and the United Arab Emirates, Bahrain, Sudan and Morocco, dubbed the Abraham Accords.

Kushner additionally took a number one function in operating Trump’s campaigns in 2016 and 2020, however has signaled that he’s not going to be concerned in a doable Trump marketing campaign in 2024.