How Israel’s Economic Prospects Relate to Its Diplomacy

In conversation with the Israeli publisher Rotem Sella, Shlomi Fogel—an entrepreneur involved in developing commercial ties between the Jewish state and the United Arab Emirates—explains the vast opportunities for business and trade brought about by the Abraham Accords. Fogel argues that these flourishing economic relations will also lead to commercial ventures involving Saudi Arabia (which does not have diplomatic relations with Israel) and with Egypt (which does, but absent economic ties)—in turn breeding further diplomatic good will. Moreover, Fogel believes that these trends will bolster Israel society by strengthening its Arab citizens’ sense of investment in their country. Lastly, Fogel addresses the economic effects of the coronavirus pandemic, and identifies reasons to be optimistic about the recovery. (Video, 36 minutes. Hebrew with English subtitles.)

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More about: Abraham Accords, Coronavirus, Israel diplomacy, Israeli economy, United Arab Emirates

While Israel Is Distracted on Two Fronts, Iran Is on the Verge of Building Nuclear Weapons

Iran recently announced its plans to install over 1,000 new advanced centrifuges at its Fordow nuclear facility. Once they are up and running, the Institute for Science and International Security assesses, Fordow will be able to produce enough highly enriched uranium for three nuclear bombs in a mere ten days. The U.S. has remained indifferent. Jacob Nagel writes:

For more than two decades, Iran has continued its efforts to enhance its nuclear-weapons capability—mainly by enriching uranium—causing Israel and the world to concentrate on the fissile material. The International Atomic Energy Agency recently confirmed that Iran has a huge stockpile of uranium enriched to 60 percent, as well as more enriched to 20 percent, and the IAEA board of governors adopted the E3 (France, Germany, UK) proposed resolution to censure Iran for the violations and lack of cooperation with the agency. The Biden administration tried to block it, but joined the resolution when it understood its efforts to block it had failed.

To clarify, enrichment of uranium above 20 percent is unnecessary for most civilian purposes, and transforming 20-percent-enriched uranium to the 90-percent-enriched product necessary for producing weapons is a relatively small step. Washington’s reluctance even to express concern about this development appears to stem from an unwillingness to acknowledge the failures of President Obama’s nuclear policy. Worse, writes Nagel, it is turning a blind eye to efforts at weaponization. But Israel has no such luxury:

Israel must adopt a totally new approach, concentrating mainly on two main efforts: [halting] Iran’s weaponization actions and weakening the regime hoping it will lead to its replacement. Israel should continue the fight against Iran’s enrichment facilities (especially against the new deep underground facility being built near Natanz) and uranium stockpiles, but it should not be the only goal, and for sure not the priority.

The biggest danger threatening Israel’s existence remains the nuclear program. It would be better to confront this threat with Washington, but Israel also must be fully prepared to do it alone.

Read more at Ynet

More about: Iran nuclear program, Israeli Security, Joseph Biden, U.S. Foreign policy