RIYADH, Saudi Arabia—The World Bank announced Sunday at an event with Ivanka Trump, the U.S. president’s daughter and senior White House adviser, that Saudi Arabia and United Arab Emirates have pledged a combined $100 million to a fund that will assist women entrepreneurs and small business owners.

“As a female leader within the Trump administration, my focus is to help empower women in the United States and around the globe,” Ms. Trump said.

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