Archive for the ‘Middle East’ Category

Saudi and Omani Firms Collaborate to Advance 3D Printing in Real Estate

September 13, 2023

Riyadh — Saudi research and development firm, Forming Future Co., has embarked on a strategic partnership with two subsidiaries of Oman’s ITHCA Group to promote the utilization of 3D printing technology within the real estate sector. The collaborative agreements involve InnoTech and Codeline, both entities operating under the umbrella of ITHCA Group, previously known as […]

Decline in Overseas Investment in Israel for Q1 2023

Foreign Investments, Middle East, News

September 13, 2023

Israel’s Ministry of Finance has disclosed a substantial 60% decrease in overseas investment during the first quarter of 2023, amounting to approximately $2.6 billion. When juxtaposed with the average quarterly investment figures from 2020 and 2022, this drop signifies a marked contraction, consisting primarily of reduced international transactions and a diminished presence of foreign investors. […]

Israeli Foreign Minister Holds Talks with British Counterpart to Strengthen Bilateral Ties

Diplomatic Relations, Middle East, News, United States

September 12, 2023

In a proactive diplomatic move aimed at enhancing the relationship between Israel and the United Kingdom, Foreign Minister Eli Cohen met with his British counterpart, James Cleverly, in Jerusalem on Monday. This diplomatic engagement serves as a testament to the commitment of both nations to foster cooperation and expand areas of mutual interest. During the […]

International Trade Council Takes Note of Israel’s Exploration of a Free Trade Agreement with Bahrain

Bahrain, Middle East, News, Trade Agreements

September 4, 2023

Israeli Foreign Minister, Eli Cohen, recently visited Bahrain and explored the possibility of signing a free trade agreement with the Gulf nation. The International Trade Council acknowledges these diplomatic discussions, aimed at fostering economic cooperation and enhancing regional stability. During his official visit to Bahrain, Minister Cohen was accompanied by a business delegation representing […]

International Trade Council Applauds Vietnam-Israel Free Trade Agreement

Economic Relations, Middle East, News, Vietnam

August 4, 2023

The International Trade Council is thrilled to announce the successful signing of the Vietnam-Israel Free Trade Agreement (VIFTA) on July 25. This landmark agreement is projected to amplify bilateral trade by fifty percent within the next two years. The fruit of a rigorous seven-year negotiation period, the agreement saw its formal endorsement by the trade […]

International Trade Council Announces Signing of Free Trade Agreement Between Vietnam and Israel

Middle East, News, Trade Agreements, Vietnam

July 25, 2023

The International Trade Council heralds the successful signing of a free trade agreement between Vietnam and Israel, culminating in seven years of detailed negotiations. Signed by the respective trade ministers, the agreement was marked with great optimism this Tuesday. Predicted to rapidly increase annual bilateral trade by close to 50%, the deal is poised […]

The International Trade Council is a global, peak-body, chamber of commerce that supports businesses and governments by providing resources, advocacy, and networking opportunities to promote international trade and foreign direct investment. It serves as a platform for organizations to collaborate, share knowledge, and navigate the complexities of global markets.