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Cutting through the Hype: Understanding the Economic Potential of Saudi Arabia-Israel Diplomatic Relations
This article will assess the extent of future trade relations between Israel and Saudi Arabia after normalization, and attempt to identify key sectors likely to benefit from the diplomatic shift. Using a robust methodology, we aim to project potential trade volumes between the two countries and discuss the challenges inherent to the new economic landscape. The core of this analysis uses 2020 trade figures, a pivotal year marked by the signing of the \"Abraham Accords\", to project future trends and estimate potential trade figures between KSA and Israel in the coming years. The strength of our research lies not in its precise trade volume calculations but in the highlighted sectors poised for growth and an understanding of factors that influence economic cooperation. Initially focused on Saudi Arabia—the more sought-after party in this context—the article details both the current measures taken to align KSA politically and diplomatically with Israel and previous steps taken to reach a peace agreement. We then discuss relevant regional and geopolitical developments. Moving on to our economic analysis, we highlight factors that could shape or alter the scope of transactions between the two countries. Finally, we introduce our method for evaluating the economic potential between Saudi Arabia and Israel, by comparing it with World Trade Organization data from various countries already trading with Saudi Arabia in similar fields.
Journal Article
Pakistan Strikes Militants Inside Iran; Another Flashpoint Flaring Up In The Wider Middle East?; Interview With Former Pakistani Ambassador To The U.S. Husain Haqqani; U.S. Carries Out Fourth Strike On Houthis; Shipping Companies Shying Away From The Red Sea; Report: Israeli President Outlines Vision For Gaza After War; Law Enforcement Response To Uvalde School Shooting \A Failure\; Ukrainian Troops Facing Shortages On The Front Lines; Gaza Suffers Longest Internet Blackout Of The War; Death Tol
Pakistan: Strikes targeted separatist hideouts inside Iran. What is happening in Balochistan? Pakistan and Iran both attack militants on each other's soil. Pakistani Spokesperson: Iran is a brotherly country. GUESTS: Husain Haqqani, Khaldoon Khalifa Al Mubarak
Transcript
Biden Says Diplomacy Is Still Best with Iran; Biden Going to Saudi Arabia to Promote U.S. Interests; Biden to Address Yemen Conflict with MBS; Lapid Says Two-State Solution Is Guarantee for Democratic Israel; Biden to Meet Palestinian Leader in Bethlehem on Friday; Russia's War on Ukraine; Emirates Slams Heathrow's Passenger Cap. Aired 10-11a ET
President Joe Biden said Thursday the U.S. will not allow Iran to acquire a nuclear weapon and that diplomacy remained the best avenue to keep them from obtaining one, despite Israel's objections over a deal with the Islamic Republic; Biden defended his decision to travel to Saudi Arabia and meet with MBS, which has garnered bipartisan criticism back home; U.S. officials are hoping that the Saudis agree to extend the truce between the Saudi-backed Yemeni government and the Houthi rebels, backed by Iran, for six more months; Responding to a reporter's question on Thursday, Israel's Prime Minister Yair Lapid said that he supports a two-state solution with the Palestinians; On Friday, Biden is scheduled to meet with Palestinian Authority President Mahmoud Abbas, which some Palestinians say will serve both leaders' political needs; Footage circulating online purports to show the Russian shelling of a school in Mykolaiv, Ukraine, that also struck two residential homes and two hospitals; Emirates airline has blasted one of the world's busiest airports for its \"incompetence\" in failing to handle a surge in passengers GUESTS: Tim Lenderking; Lina Abu Akleh
Transcript