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Although Israel's relations with the Persian Gulf’s Arab states are not formally established, trade between them is more than $ 1 billion a year, the Blair Institute for Global Change wrote in a report.
According to ISNA, quoting Russia Today, the Tony Blair Institute for Global Change, in a report, although Israel and the Arab countries of the Persian Gulf do not announce the existence of any formal relations between the two sides, the trade exchanges between them annually costs more than one billion dollars.
According to the institute's analysis in 2016, the value of Israeli exports to GCC countries goes beyond the regime's exports to allied countries with strong economies such as Russia and Japan.
Israel's foreign trade documents do not show direct trade between the regime and the Persian Gulf‘s Arab states, but the Blair Institute in an analysis of the transfer of Israeli products through third countries to the Gulf states, the Israeli news site NEWS 24 reported. It shows that the value of these trade exchanges is close to one billion dollars annually.
According to the report, Israel's exports to these countries may multiply if relations become formal.
It is reported that Israeli products in some markets in the Arab Gulf countries, such as Qatar, the UAE, and Saudi Arabia, maybe imported through Jordan.
Israel has also announced plans to rehabilitate an oil and gas pipeline between Iraq and the port of Haifa, north of the occupied territories.
In this regard, Tel Aviv has announced the existence of a plan to build a railway line from the occupied territories to the Arab countries of the Persian Gulf, which passes through Jordan, and the purpose of this plan is to try to absorb the Persian Gulf’s oil to transfer it from Haifa port to European and American markets to reduce the cost of transporting tankers through the Persian Gulf to the Red Sea and the Suez Canal.
Despite the lack of formal relations between Israel and the Gulf states, "signs of normalization of relations" have recently been seen, and these countries seek to cooperate with Israel in the field of security and use the experience of this regime, the Israeli news site NEWS 24 reported. They are facing a "common enemy", namely Iran.
The news site cited some of these signs, including the fact that Riyadh has allowed planes flying to the occupied territories to cross Saudi airspace. Also late last June, the Israeli delegation officially participated in the UNESCO conference in Bahrain. In addition, Manama supported the regime's attacks on Syria with the aim of "destroying sources of danger" and described the Israeli attacks as "self-defense" against Iran.
Earlier, Israeli Communications Minister Ayub Qara had asked Riyadh to allow Israeli Muslims to travel directly from the occupied territories to Saudi Arabia, instead of traveling from Jordan to Saudi Arabia.
In this regard, Israeli Prime Minister Benjamin Netanyahu stated: Emphasizing that the regime enjoys secret relations with many Islamic countries, it emphasizes that current relations with Arab countries have become more extensive than ever during Israel's history.