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https://www.middleeasteye.net/news/gulf-states-linked-through-kushner-israeli-businesses-un-settlements-blacklistPublished by: MIDDLE EAST EYE on 13 Mar 2025
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An investment firm headed by Jared Kushner and backed by Saudi Arabia, Qatar and the United Arab Emirates is the largest shareholder in an Israeli company which in turn holds shares in businesses accused by the United Nations of operating in illegal settlements in the occupied Palestinianterritories.
Affinity Partners has received several billion dollars in funding from the Gulf states’ sovereign wealth funds since it was launched by Kushner, US President Donald Trump’s son in law and former Middle East advisor, in 2021.
In January, just weeks after securing further funding from the Qatari Investment Authority (QIA) and an Abu Dhabi-based investment firm, Affinity completed the purchase of a near-10 percent stake in Phoenix Financial.
Phoenix, formerly known as Phoenix Holdings, 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 [...]
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Who are Middle East Eye?Middle East Eye (MEE) is a United Kingdom-based media website and channel that primarily focuses on news related to the Middle East, North Africa, and the broader Muslim world.
What is Saudi Arabia?Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA) is a country in Western Asia constituting the bulk of the Arabian Peninsula. With a land area of approximately 2,150,000 km2 (830,000 sq mi), Saudi Arabia is geographically the largest sovereign state in the Middle East, the 2nd largest in the Arab world (after Algeria), the 5th largest in Asia, and the 12th largest in the world. Saudi Arabia is bordered by Jordan and Iraq to the north, Kuwait to the northeast, Qatar, Bahrain, and the United Arab Emirates to the east, Oman to the southeast and Yemen to the south; most of its terrain consists of arid desert, lowland and mountains. As of October 2018, the Saudi economy was the largest in the Middle East and the 18th largest in the world. Saudi Arabia also enjoys one of the world's youngest populations; 50% of its 33.4 million people are under 25 years old.
What is Settlements?Israeli settlements are civilian communities inhabited by Israeli citizens, almost exclusively of Jewish ethnicity. The settlements are built predominantly on lands within the Palestinian territories, which Israel has militarily occupied since the 1967 Six-Day War, and partly on lands considered Syrian territory also militarily occupied by Israel since the 1967 war. Such settlements within Palestinian territories currently exist in Area C of the West Bank and in East Jerusalem, and within Syrian territory in the Golan Heights.
Where is Palestine?Palestine is a geographic region in Western Asia. It is usually considered to include the Gaza Strip, the West Bank, Israel, and in some definitions, some parts of western Jordan. The name was used by ancient Greek writers, and it was later used for the Roman province Syria Palaestina, the Byzantine Palaestina Prima, and the Islamic provincial district of Jund Filastin. The region comprises most of the territory claimed for the biblical regions known as the Land of Israel, the Holy Land or Promised Land. Historically, it has been known as the southern portion of wider regional designations such as Canaan, Syria, ash-Sham, and the Levant. Situated at a strategic location between Egypt, Syria and Arabia, and the birthplace of Judaism and Christianity, the region has a long and tumultuous history as a crossroads for religion, culture, commerce, and politics.
Where is Israel?Israel, officially the State of Israel, is a country in the Middle East. Located on the southeastern shore of the Mediterranean Sea and the northern shore of the Red Sea. It has land borders with Lebanon to the north, Syria to the northeast, Jordan on the east, the Palestinian territories of the West Bank and Gaza Strip to the east and west, respectively, and Egypt to the southwest.
What is Qatar?Qatar, officially the State of Qatar, is a country in West Asia. It occupies the Qatar Peninsula on the northeastern coast of the Arabian Peninsula in the Middle East; it shares its sole land border with Saudi Arabia to the south, with the rest of its territory surrounded by the Persian Gulf. The Gulf of Bahrain, an inlet of the Persian Gulf, separates Qatar from nearby Bahrain. The capital is Doha, home to over 80% of the country's inhabitants. Most of the land area is made up of flat, low-lying desert.
What is UAE?United Arab Emirates (UAE), sometimes simply called the Emirates is a country in Western Asia at the northeast end of the Arabian Peninsula on the Persian Gulf. UAE borders Oman to the east and Saudi Arabia to the south and west, as well as sharing maritime borders with Qatar to the west and Iran to the north. The sovereign constitutional monarchy is a federation of seven emirates consisting of Abu Dhabi (which serves as the capital), Ajman, Dubai, Fujairah, Ras Al Khaimah, Sharjah and Umm Al Quwain. Their boundaries are complex, with numerous enclaves within the various emirates. Each emirate is governed by a ruler; together, they jointly form the Federal Supreme Council. One of the rulers serves as the President of the United Arab Emirates. In 2013, the UAE's population was 9.2 million, of which 1.4 million are Emirati citizens and 7.8 million are expatriates.
