Monday, 19 October 2020_US Treasury Secretary Steven Mnuchin, who is in Bahrain to formalize the kingdom’s relations with the Israeli regime, has spoken about how it would contribute not just to investment but also technology.
I think the opportunity is way beyond just investments,” Mnuchin told reporters on the flight from Tel Aviv’s Ben Gurion Airport, also carrying an Israeli delegation to Bahrain. “It’s in technology, building various different businesses - and in the case of Bahrain as well, really expanding the opportunities for them quite, quite, quite dramatically.”
Nearly 20 commercial flights a week between Ben Gurion airport, Dubai and Abu Dhabi will be one outcome of the deal between Manama and Tel Aviv, brokered by the Trump administration.
Israeli and Bahraini officials started formal relations by signing several memorandums of understanding.
The United Arab Emirates in September formalized relations with Israel after attempts by US President Donald Trump’s son-in-law, Jared Kushner, to negotiate the so-called agreement, which has been categotically denounced by Palestinians.
Saudi Arabia has also acknowledged the “eventual normalization” of ties, disregarding the Israeli aggression against the Palestinian people as well as the regime’s construction of illegal settlements on occupied lands.
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