Trump strikes new overseas deal and raises old ethics issue

NEW YORK (AP) — Donald Trump's company is licensing its name for a golf resort in Oman in the first of what the company hopes will be several overseas deals, raising conflict-of-interest issues as the former president prepares to announce a possible third run for the White House.

The Trump Organization said the licensing deal — the first since Trump left office — is with Saudi developer Dar Al Arakan and will include a golf course, hotel and thousands of residential units in the Oman capital of Muscat.

Trump's son Eric, who oversees the company's global real estate interests, told The Associated Press on Tuesday that the company is no longer bound by a self-imposed restriction not to make foreign deals while his father was president.

“You can expect more hotel and golf deals overseas in the future,” Eric Trump said in a text exchange.

Trump was expected announce Tuesday that he is running again for the presidency in a speech from his Palm Beach, Florida, club.

Trump's company struck many real estate licensing deals overseas before he entered the White House, including for hotels and residential towers in Canada, Dubai, Mexico, India and Turkey. Some branding experts had expected him to put his name on more buildings after he left office, with the added brand appeal of a former U.S. president.

With Trump possibly running again, the company may feel pressure to move fast to add to the Oman deal. Asked if the company would halt such deals if his father was elected, Eric Trump responded, “Why would we do anything differently?”

The New York Times, which first reported the deal with the Saudi developer, said the $1.6 billion Oman resort will have an estimated 400 hotel rooms and 3,500 residential units.

Trump's close ties to Saudi Arabia' ruling crown prince drew heavy...