Saudi Arabian real estate developer Dar Al Arkan announced Sunday that it had signed a deal with the Trump Organization to use the company's brand for a $4 billion project in Oman, The New York Times reported.
The deal — details of which were made public in a regulatory filing on the Saudi Exchange — was helmed primarily by former President Donald Trump himself, according to the Times. The deal will reportedly finance Trump-branded real estate projects throughout Oman, including "residential villas, a hotel, and a golf course."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Citizenship: Trump order blocked againFeature After the Supreme Court restricted nationwide injunctions, a federal judge turned to a class action suit to block Trump's order to end birthright citizenship
-
Loyalty tests: The purge at the FBIFeature Kash Patel is conducting polygraph tests on FBI agents to weed out anyone speaking badly about him
-
The all-seeing tech giantFeature Palantir's data-mining tools are used by spies and the military. Are they now being turned on Americans?
-
Jared and Ivanka's Albanian islandUnder The Radar The deal to develop Sazan has been met with widespread opposition
-
Dollar faces historic slump as stocks hit new highSpeed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
-
'Tariff stacking' is creating problems for businessesThe Explainer Imports from China are the most heavily affected
-
Mortgages: The future of Fannie and FreddieFeature Donald Trump wants to privatize two major mortgage companies, which could make mortgages more expensive
-
Economists fear US inflation data less reliablespeed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
-
Pocket change: The demise of the pennyFeature The penny is being phased out as the Treasury plans to halt production by 2026
-
The UK-US trade deal: what was agreed?In Depth Keir Starmer's calm handling of Donald Trump paid off, but deal remains more of a 'damage limitation exercise' than 'an unbridled triumph'
-
Crypto firm Coinbase hacked, faces SEC scrutinySpeed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
