May 21, 2022

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Report: Saudi Arabia ready to allow trade with Israel through Bahrain, UAE

Business site Globes (Hebrew) reports that while the Saudis are not interested at this point in joining the Abraham Accords or to make relations with Israel official, they want to reap some of the benefits without risking angering the Arab street.

According to the report, the Saudis are ready to promote commercial, economic and civil relations with Israel. 
Examples include additional transportation agreements and promotion of joint ventures in countries that already have relations with Israel.
A political source in Saudi Arabia told Globes that the business, government and private sectors have been given the green light to trade with Israeli companies, at this moment age through Bahrain and the Emirates. While there have already been some transactions of that kind in recent months, this green light is expected to expand the initiative and reduce any hesitation that Saudi businesses might have had.
It is yet another Abraham Accords breakthrough that Israel-haters hate to admit.
(h/t Yoel)

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