The signing of several contracts between Israel, Bahrain, the United Arab Emirates, and Morocco occurs in conjunction with the establishment of embassies.
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| [The Abraham Accords/EUROPEANS24] |
Flight inventions are rare in these times of the COVID-19 epidemic. Nonetheless, Egypt's national carrier landed in Israel for the first time on Sunday. The Cairo-Tel Aviv route has been supplied by an ad hoc business, Air Sina, since the two nations signed a peace deal in 1979.
The commodification of interactions between the two nations demonstrates the dynamic produced by the Abrahamic Agreements, signed a year ago by Israel, the United Arab Emirates, and Bahrain, and later joined by Sudan and Morocco, even beyond the stakeholders.
Bahrain's national carrier, Gulf Air, launched its first commercial trip to Israel on September 30. On the same day, an Israeli minister paid his first visit to Bahrain. Minister of Foreign Affairs Yar Lapid met with his counterpart, Abdullatif bin Rashid Al Zayani, as well as King Hamad bin Issa Al Kahlifa of Bahrain. A few weeks following the arrival of a Bahraini ambassador to Israel, he also opened the Israeli embassy in Manama.
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According to the Israel Bureau of Statistics, commerce between the two nations, which began from the ground up, reached $ 300,000 in the first seven months of the year. Bahrain's Electricity and Water Authority (EWA) and Israel's national water provider, Mekorot, inked a $ 3 million contract in the spring. Mekorot will supply desalination and automated control system advice and facilities. This is the first time Mekorot has entered into a commercial arrangement with an Arab country.
Over the first seven months of the year, commerce between the UAE and Israel totaled $ 600 million (excluding investment) in aviation, financial services, cybersecurity, and culture. Edge, an Emirati military firm, has inked a deal with Israeli Aerospace Industry to build an anti-drone technology. In addition, Dubai police utilize drones from Aerobotics to protect the World Expo site, which opened on October 1st. In Israel, the UAE has formed a $10 billion investment fund.
There have been a few snags in the establishment of these commercial ties. In particular, on the October 2020 memorandum of agreement between the Israeli public business EAPC (Europe Asia Pipeline Enterprise) and the Israeli-Emirati company Red Med for the transportation of oil via an oil pipeline connecting the Red Sea and the Mediterranean. The Israeli Ministry of Environmental Protection reduced the number of tankers that may berth at the port of Eilat to six in September, rather than the 30 that the contract originally required.
Morocco is the final active connection in these Abrahamic pacts. In the first half of 2021, Israeli exports totaled $ 13 million, increasing 62 percent over the same time in 2020. And this is only the beginning; the Israel Export Institute predicts yearly shipments of $Cofa250 million in the medium future.
Morocco and Israel inked a cybersecurity cooperation deal in July, highlighting one of Israel's technological capabilities. During Yar Lapid's return to Rabat for the opening of a liaison office the next month, more agreements in the sectors of culture, sport, and tourism were inked. Both countries' embassies are expected to open soon.
Finally, the local "Coface" authorized $ 200 million for Israeli exports to Morocco and $ 100 million to Bahrain to insure Israeli firms against bankruptcy risks in the context of long-term contracts.
Sudan, on the other hand, which is a signatory to the Abrahamic Accords, has said through its foreign minister that "establishing an Israeli embassy in Khartoum" is not an option and that "no evidence of normalization with Israel" exists.
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The Abraham Accords
The Abraham Accords are a joint declaration signed on August 13, 2020 by the State of Israel, the United Arab Emirates, and the United States of America.