Jack Lew and President Obama in the Oval Office. Photo: Wikipedia.

JNS.org – U.S. Secretary of the Treasury Jack Lew will make his visit trip to Israel in his current position next week to discuss economic cooperation between the two countries.

The Shabbat-observant Lew is currently on a tour of the Middle East, visiting the United Arab Emirates and Saudi Arabia before coming to Israel next week as part of the U.S.-Israel Joint Economic Development Group (JEDG).

The JEDG is an annual bilateral meeting between the U.S. and Israel to discuss how to improve economic ties between the two countries as well as with the global economy.

Lew will meet with his Israeli counterpart, Finance Minister Yair Lapid, to discuss how to grow business ties and promote innovation and energy initiatives, the Israeli Finance Ministry said. U.S. Ambassador to Israel Daniel Shapiro and Bank of Israel head Karnit Flug will also attend.