Saudi Arabia, UAE invest $100m in Ivanka Trump’s Fund

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Saudi Arabia, UAE invest $100m in Ivanka Trump’s Fund
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The authorities of Saudi Arabia and United Arab Emirates have pledged to transfer $100 million to accounts of a charity, which is planned to be established upon an initiative of Ivanka Trump, a daughter of U.S. incumbent President, TASS news agency reports on Monday.




Over the course of a visit to Germany in April, Ivanka Trump has come up with an initiative to establish a fund, which, in particular, will issue loans to women engaged in business activity in the Middle East.

As Wall Street Journal reported, the fund will be managed by the World Bank.

At present, Ivanka Trump holds a position of an assistant to President of the United States. Before that, she was actively involved in her father’s election campaign.



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