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Trump's dealings in the Middle East have put one of his key allies in a potentially awkward position

Thomas Barrack, a real estate billionaire who has been advising Trump, has several business ties to Qatar, which Trump has denounced for funding terrorism.

Thomas Barrack.

President Donald Trump's denunciations of a key Mideast ally might have put one of his close friends in a potentially awkward spot.

Thomas Barrack, a real-estate billionaire and close ally of Trump, has several business ties to Qatar, the Gulf nation that has found itself in a dispute with its neighbors following Trump's recent visit to Saudi Arabia.

After Trump's trip,

with the State Department, which has urged mediation among the nations.

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Barrack, a close friend who chaired the Presidential Inaugural Committee, has several ties to Qatar:

  • He is
  • Barrack's investment firm, Colony Capital, led a consortium that sold Hollywood studio Miramax to a
  • reported in 2012
  • taxes in that transaction

The statement went on: "I have confidence that the great countries of the Gulf (and their amazingly wise leaders) will soon find a consensus which works for the values and betterment of all involved."

He has also shown support for Trump's foreign dealings in recent months. In May, Barrack told an audience of Wall Street execs that Trump's unpredictability in the Middle East has "gained respect" from foreign leaders. Barrack made the comments at the

Pedroda Costa contributed to this report.

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