Bombshell Report on Trump's 'Secret Deal With UAE's 'Spy Sheikh' Rocks Political World: 'Unprecedented and Mind-Boggling [View all]
Source: Mediaite.com
The Wall Street Journal dropped a bombshell report over the weekend on what it dubbed an “unprecedented” deal between a foreign country and an incoming U.S. president, in this case, the United Arab Emirates and Donald Trump. The WSJ scoop, titled “‘Spy Sheikh’ Bought Secret Stake in Trump Company,” detailed UAE Sheikh Tahnoon bin Zayed Al Nahyan’s half-a-billion-dollar purchase of 49% of Trump’s cryptocurrency company World Liberty Financial – just four days before Trump became president for a second time.
“The deal with World Liberty Financial, which hasn’t previously been reported, was signed by Eric Trump, the president’s son. At least $31 million was also slated to flow to entities affiliated with the family of Steve Witkoff, a World Liberty co-founder who weeks earlier had been named U.S. envoy to the Middle East, the documents said,” added the report, noting that Trump’s chief Middle East negotiator also had a major stake in the deal.
The WSJ also explained why Tahnoon, dubbed the “Spy Sheikh” as he is also the UAE’s national security adviser and brother of the president, would make such a deal. Tahnoon manages a fund of over $1.3 trillion in assets, including significant investments in AI. "Under the Biden administration, Tahnoon’s efforts to get AI hardware had been largely stymied over fears that the sensitive technology could be diverted to China. Of particular concern was one of Tahnoon’s own companies, the AI firm G42, which had stoked alarm among intelligence officials and lawmakers over its close ties to the sanctioned tech giant Huawei and other Chinese firms. The company said it severed ties with China in late 2023, but concerns persisted."
Early in Trump’s second term, following his massive investment, Tahnoon met with Trump and Witkoff several times in the White House and was soon granted “access to around 500,000 of the most advanced AI chips a year—enough to build one of the world’s biggest AI data center clusters.”
Read more: https://www.mediaite.com/politics/bombshell-report-on-trumps-secret-deal-with-uaes-spy-sheikh-rocks-political-world-unprecedented-and-mind-boggling/
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