Sunday, August 7th | 11 Av 5782

Subscribe
December 2, 2020 12:08 pm
0

Israel Expects $220 Million in Non-Defense Trade With Bahrain in 2021

avatar by Reuters and Algemeiner Staff

The national flags of Israel and Bahrain flutter at the entrance of the King David Hotel, in Jerusalem, Nov. 26, 2020. Photo: Reuters / Ammar Awad.

Israel foresees $220 million in non-defense trade with Bahrain in 2021, the Economy Ministry said on Wednesday as it hosted a delegation from the Gulf state to cement newly-established ties.

Bahrain and neighbor the United Arab Emirates normalized relations with Israel on Sept. 15, a US-brokered pact motivated by business prospects as well as shared worries about Iran.

Meeting Israeli Prime Minister Benjamin Netanyahu in Jerusalem, Bahrain’s minister for industry, commerce and tourism, Zayed bin Rashid al-Zayani, said he saw an “immense opportunity to even develop (ties) further, not just in terms of business — in terms of culture, sport, exchange, tourism.”

The Economy Ministry trade forecast anticipated growth in Israeli exports to Bahrain of diamonds and refined metals for chemicals, and of imports of oil and aluminum from Bahrain.

Related coverage

August 7, 2022 10:12 am

‘Shameful’ Delay in Cabinet Formation Causing Lebanon’s Decay, Top Christian Cleric Says

Lebanon's top Christian cleric said on Sunday it is "shameful" that politicians have yet to form a new cabinet nearly...

A Sept. 13 memorandum by Israel‘s Intelligence Ministry said that Bahrain, where a Sunni Muslim minority rules a sometimes restive Shi’ite majority population, “may voice interest in (acquiring) Israeli military and security technologies.”

Manama has not commented on this. Israel does not publish country-specific defense export data.

Share this Story: Share On Facebook Share On Twitter

Let your voice be heard!

Join the Algemeiner

Algemeiner.com

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.