Persian Gulf states linked to Kushner's firm which funds illegal Israeli settlements
Friday, 14 March 2025
US President Donald Trump’s son-in-law, Jared Kushner's firm is now the biggest shareholder in the Israeli company which funds the construction of illegal settlements in the occupied Palestinian territories
The investment firm called Affinity Partners is headed by Kushner and funded by Saudi Arabia, Qatar and the United Arab Emirates.
Kushner’s firm has received several billion dollars in funding from the Persian Gulf states’ sovereign wealth funds since it was launched by Kushner in 2021.
Affinity Partners has secured further funding from the Qatari Investment Authority (QIA) and an Abu Dhabi-based investment firm. It has also completed the purchase of a near-10 percent stake in Phoenix Financial.
Phoenix is an Israeli financial services group that offers insurance and asset management services, and holds shares in other Israeli companies in its own name and through a subsidiary, Phoenix Investment House.
An investigation by
Middle East Eye has established that these include 11 public companies and one private company currently named in a database of businesses with links to Israeli settlements in the West Bank, East Jerusalem and the occupied Syrian Golan Heights.
The businesses include banks and companies involved in telecommunications, transport, energy, engineering, and retail.
Phoenix’s total holdings in the 11 public companies are currently valued at around $4.5 billion.
Kushner, who is considered to be close to Saudi Arabia’s Crown Prince Mohammed bin Salman, was a key architect during Trump’s first term of the so-called Abraham Accords which established diplomatic ties between Israel and several Arab states including the UAE.
He has spoken openly of his support for, and desire to invest in Israel, and his hopes for a future normalization deal between Israel and Saudi Arabia.
Phoenix Financial has financed and insured construction projects throughout illegal Israeli settlements in the occupied West Bank and the Syrian Golan Heights.
According to the NGO watchdog Who Profits, Phoenix also owns an 80 percent stake in a large shopping mall in an illegal East al-Quds settlement and stakes in various companies operating throughout other settlements.
Jared Kushner
www.presstv.ir