Israeli exports to Arab states growing
According to official data published in Tel Aviv, Israeli exports to the Arab countries in the Gulf region boomed by 108 per cent in 2010 compared with the previous year. All in all, the value of Israeli exports to these countries amounted to more than US$25 million.
According to the Union of Manufacturers in Israel, the value of Israeli exports to Arab countries rose by 31 percent compared with the previous year and reached US$380 million. According to the data, the Arab countries, which increased their imports from Israel were: Jordan, Egypt, Qatar, Algeria, Saudi Arabia, Oman, Bahrain and Kuwait.
The data also indicated that Israeli exports to Indonesia last year rose by 37 percent and reached US$12 million, while exports to Malaysia decreased by 55 percent and to Pakistan they fell by 21 percent.
- Even the numbers are on the feminist side: companies with females in top management yield higher returns
- Kingdom in debt, Kingdom in danger: Saudi Arabia's pending deficit raises frightening possibilities
- 'Dead aid': is there any hope left for South Sudan's economy?
- Why the ME's high net worth individuals should be investing in family businesses
- The antithesis of economic development: an inside look in to Morocco's archaic, yet alive, class system