Stay updated with breaking news from Dan Catarivas. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Daily on Defense: Israel orders Rafah evacuation, Hamas walks away from hostage deal, Blinken to unveil cyber strategy, US and France keep eyes on Chad election
The war in Gaza has reshaped Israel’s relations with its Arab and Muslim neighbors in a broad variety of ways, including in the economic sphere. In recent years, Israel managed to develop significant economic cooperation with countries across the Middle East. These efforts have included increased trade volumes, collaboration on water use and energy production, new investments, and technology transfer. Agreements were signed, ministerial visits took place, minilateral initiatives came to life, economic corridors were envisioned, and the future seemed promising.
Despite the severe impact of the October 7 terror attacks, business leaders in the Gaza border area are determined to rebuild and move forward.
Israel’s central bank said that the war with Hamas is a “major shock” to the economy and has been more expensive than initially estimated.
An FTA will mean discounted products and goods from Japan, which will benefit the Israeli consumer, said Israeli Prime Minister Yair Lapid.