Since the Abraham accords were signed in 2020, Israel’s trade and security ties with Arab states have blossomed. But politicians, diplomats and businessfolk on both sides of the accords have moved faster than the general population has
and Turkey. But it is already a lot more than Israel’s trade with Egypt and Jordan, even after decades of peace and diplomatic relations .’s point of view, the Abraham accords with Israel are part of a broader trade strategy that is bypassing the six-country Gulf Co-operation Council, which has yet to fulfil its aims of creating a common market and shared currency. The Emirates have signed trade agreements with Indonesia and India, and are negotiating with Colombia and Kenya.
42, flagging up other Arab countries that could follow suit. He says his company’s investment of $300m in Israel will open markets for Israeli telecoms in Saudi Arabia, among others. Bahrain, already a member of the club, serves as a banking hub for financial transactions between Israel and Saudi Arabia. Even Iranians in Dubai, Iran’s favourite escape-hatch from Western sanctions, say they are eyeing deals with Israeli tech firms.
Bigwigs on both sides now hope to insulate the accords from Israel’s conflict with the Palestinians. “Let’s not mix this [the Abraham accords] with that [the Palestinians],” says an Emirati official. Few say it openly, but the accords mark a tacit acceptance by many Arab rulers that Israel, for the time being, has won. Some even suggest they offer a way of ending this enmity.
Such views are mirrored in Israel, where many still distrust Arab countries. “Israelis are happy with normalisation as long as it stops at the Jordan river,” says Liel Maghen, an Israeli analyst. Many Israelis, brought up for generations in the belief that Israel is a beacon of democracy in a desert of backward-looking tyranny, are nervous about venturing out. Israeli left-wingers, too, shy from what they see as a right-wing and anti-Palestinian deal.
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