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White House invites Trump business allies to Bahrain summit on Mideast peace

Business allies include Tom Barrack, CEO of real estate investment firm Colony Capital; Blackstone CEO Steve Schwarzman, BlackRock CEO Larry Fink and Dina Powell of Goldman Sachs.

U.S. President Donald Trump participates in a Christmas Day video teleconference from the Oval Office on Dec. 25, 2018. Credit: Official White House Photo by Shealah Craighead.
U.S. President Donald Trump participates in a Christmas Day video teleconference from the Oval Office on Dec. 25, 2018. Credit: Official White House Photo by Shealah Craighead.

The White House has invited some of U.S. President Donald Trump’s business allies to the economic summit scheduled for June 25-26 in Bahrain for the first part of the Trump administration’s highly anticipated Mideast peace plan for the Israelis and the Palestinians.

Business allies include Tom Barrack, CEO of real estate investment firm Colony Capital; Blackstone CEO Steve Schwarzman, BlackRock CEO Larry Fink and Dina Powell of Goldman Sachs, who served in the Trump administration as senior counselor to the president for economic initiatives and U.S. deputy national security advisor for strategy before leaving the White House in January 2018.

Fink will not be in attendance due to his schedule, while Schwarzman will likely be there, separate sources told CNBC.

J.P. Morgan CEO Jamie Dimon was also invited, but will be absent, a person close to the situation told CNBC.

“Tom is pleased to be a participant in a well-organized forum for the purpose of advancing the peace process in the Middle East,” said Barrack’s spokesperson, Owen Blicksilver. “He has been a lifelong advocate of economic prosperity being a foundation stone of hope for the entire region especially its exploding young and largely unemployed population.”

It is currently unknown if Powell will attend.

A senior administration official did not deny the aforementioned to CNBC, only to say, “We will provide a list of attendees closer to the event.”

Blackstone, BlackRock and Goldman declined to comment to the outlet.

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