The Israeli economic newspaper Globus revealed details of the real trade situation between it and Egypt and the United Arab Emirates.
The Jewish newspaper reported that trade between Israel and the UAE was $2.6 billion in 2022, compared to just over $1.2 billion in 2021 and $367 million in 2020, when agreements to normalize relations were signed between the two.
The newspaper pointed out that compared to Egypt, whose population is more than ten times the population of the Emirates, the volume of trade does not exceed tens of millions of dollars a year.
She pointed out that this data also includes commercial products from other countries that were bought through the Emirates or transported through them to other countries.
The newspaper quotes Israeli businessmen who are in business with the Persian Gulf and look at the situation much less optimistically. said: “Most of the current transactions between large entities. And that ties do not penetrate between companies and small and medium-sized companies between the two sides.