Asked about the terms of the deal, including the board seats, the timing and the size of the investment, Mr. Wachsman said, "We made the deal in question because we strongly believe that it was what was best for our company as we continue to grow." Representatives for Sheikh Tahnoon did not immediately respond to a request for comment. The Trump family's business dealings with the Emiratis have blurred the line between government and private enterprise, alarming ethics experts and congressional Democrats. Sheikh Tahnoon, a member of the Emirati royal family, has been a major foreign policy intermediary with the United States for over a decade on matters varying from combating terrorism to sharing advanced computer technology. He runs a sprawling investment empire that includes G42, a technology firm that has become a powerhouse in the booming world of artificial intelligence.

Fox News Flash top headlines are here. Check out what's clicking on Foxnews.com. The United Arab Emirates (UAE) has agreed to a 10-year, 1.4 trillion investment framework, the White House announced on Friday, saying it will "substantially increase the UAE's existing investments in the U.S. economy." The White House said the investments would be in AI infrastructure, semiconductors, energy, American manufacturing and more. The White House said in a press release that the UAE agreed to the framework after President Donald Trump hosted the UAE National Security Advisor, HH Sheikh Tahnoon bin Zayed Al Nahyan, for a meeting in the Oval Office.