Israel to Expand Trade Eastward as It Looks Beyond War Economy
Israel is turning to markets in the Arabian Peninsula and India to boost trade as the government seeks to increase exports from $150 billion to almost $1 trillion over the next 15 years, according to Economy and Industry Minister Nir Barkat.
The government has identified Dubai, the Middle East's center for trade, finance and tourism, as a hub for the expansion, Barkat said in an interview in the city last week. About 600 Israeli companies have started working in the United Arab Emirates since the two countries established diplomatic relations as part of the US-brokered Abraham Accords in 2020, he said.
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