A report by The Wall Street Journal says Saudi Arabia is planning to allocate millions of dollars for investments in Israeli tech companies via Jared Kushner, former White House adviser and son-in-law of ex-US President Donald Trump.

The Biden administration has been pressuring Saudi Arabia to increase oil production amid sanctions on Russia, but Mohammed bin Salman has refused to play ball.

A wealth fund led by Saudi crown prince Mohammed bin Salman contributed over $2 billion to Jared Kushner’s new investment fund six months after Kushner left the White House.

Former White House adviser and son-in-law of ex-US President Donald Trump is reportedly in talks to receive more than $2 billion from Saudi Arabia for his own private equity firm.

Jared Kushner, the son-in-law and top adviser to former US President Donald Trump, plans to launch an investment firm, a move that many believe would take him away from politics, Reuters reported.

Saudi Arabia and Qatar have signed an agreement in an effort to bring three years of hostilities to an end. The Saudi-initiated move is seen by many as an attempt to establish an anti-Iran bloc to stand against Iran's influence in the West Asia region.

In June 2017 Saudi Arabia, the United Arab Emirates, Bahrain and Egypt severed diplomatic, trade, and travel ties with Qatar, a tiny, yet gas-rich country in the Persian Gulf. The anti-Qatar quartet accused Doha of funding terrorism and fostering instability in the region.