Mukesh Ambani Travels to Doha for Meeting with President Trump
Asia's leading business head Mukesh Ambani has flown out to Doha. His destination is to meet U.S. President Donald Trump. This is their second meeting since January when Trump became the president. Sources close to the matter confirmed that Ambani will also attend a state banquet hosted by the Emir of Qatar on Wednesday to greet Trump's visit.
Family Gatherings Suggest Earlier Pledges Between Ambanis and Trumps
Ivanka Trump and Jared Kushner attended the wedding of Anant Ambani earlier. In return, Mukesh and Nita Ambani joined in celebrating a special banquet for 100 guests when Trump was sworn in as president.
Reliance's Commercial Connections Are Shaped by U.S. Policy
Reliance's business is directly affected by U.S. policy. Reliance was permitted last year to resume Venezuelan crude imports by U.S. authorities. But such imports were later halted when Trump imposed a 25% tariff on countries importing Venezuelan oil.
Reliance Has Ties with Close Business in the U.S. and Qatar
Reliance imports crude oil from Russia, processes it, and exports the final products like gasoline to the U.S. Further, U.S. companies like Google and Meta hold stakes in Reliance Jio. Reliance also maintains busy business transactions with Qatar.
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