Saturday, June 22, 2024

Egypt, Jordan, UAE exports to Israel rise despite Gaza onslaught

Egyptian exports to Israel doubled in 2024 compared to the previous year despite Israel's devastating war on Gaza since October, according to a new report by Israel's Central Bureau of Statistics.

The data published on Thursday showed that Egyptian exports in May 2024 stood at $25m, double that of the same period in 2023, Middle East Monitor reported. 

Despite increasingly fraught relations, energy and security cooperation between the two sides has intensified since October, with Israeli natural gas exports to Egypt sharply increasing in the last year.

Meanwhile, exports from the United Arab Emirates (UAE) to Israel also increased to $242m in May 2024, compared to $238.5m in May 2023, the report said.

Jordanian exports to Israel also continued to rise in 2024, reaching $35.7m in May 2024 compared to $32.3m in the same period last year. 

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