U.s. treasury, Government department

Following the US-brokered normalisation deal reached between Israel and Bahrain last month, the two countries will officially establish diplomatic relations at a ceremony in Manama on Sunday, an Israeli official said.A visiting delegation from Israel and officials in Bahrain will sign a "joint communique (that) is the establishment of full diplomatic relations," an Israel official in Manama told reporters, Al Jazeera reported.Israel and Bahrain will be allowed to open embassies in each other's territories once the text is signed at the ceremony.The delegation of Israeli National Security Adviser Meir Ben-Shabbat will be accomped by US Treasury Secretary Steve Mnuchin, whose office said that the mission looks forward to "expanded economic cooperation" among Israel, Bahrain, and UAE.Apart from the joint communique, Israel and Bahrain are also scheduled to sign "six to eight" Memorandums of Understanding (MoUs), on economic cooperation and other issues.The official further stated that security cooperation is likely to feature prominently in bilateral talks.Earlier this month, Israel's Mossad spy agency chief Yossi Cohen held talks in Bahrain with top security and intelligence officials on "topics of mutual interest," Al Jazeera reported citing Bahrain News Agency.Palestine strongly condemned the Gulf agreements with Israel and called it "a stab in the back", for Palestinian aspirations to set up an independent state.The deal breaks a decade-long status-quo where Arab states have remained united against Israel on its treatment of the Palestinians.Right-wing Prime Minister of Israel Benjamin Netanyahu said that more states wish to establish ties with Israel as countries value profitable trade deals over the Palestine conflict.However, Saudi Arabia stands strong and says that it will not follow Bahrain and UAE in establishing ties with Israel without a solution to the Palestine issue.( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

U.s. TreasuryFOLLOW

U.s. treasury, Latest News

Fitch Ratings has said it expects the Biden administration to downplay tensions over exchange-rate policies with trade partners in Asia due in part to geopolitical considerations even though some are on or at risk of being placed on the US Treasury's ...

US Ambassador to Sri Lanka and Maldives, Alaina Teplitz on Saturday warned Sri Lanka of unintended consequences of 'nefarious actors' who may try to misuse a China-backed Colombo Port City's easy business rules as a permissive money laundering haven ...

The Asian Development Bank (ADB) returned to the US dollar bond market with the pricing of a five billion dollars five-year global bond proceeds of which will be part of ADB's ordinary capital resources. ...

The yield for the 5.85 per cent government security (GS) 2030 has risen by more than 35 basis points since its introduction to 6.23 per cent intra-day as on Friday with an uptick in recent weeks led by higher-than-expected fiscal deficit, ratings age ...

The Asian Development Bank (ADB) has priced a two billion dollar 10-year global bond, proceeds of which will be part of ADB's ordinary capital resources. ...

US Treasury Secretary Janet Yellen discussed in a telephone call with World Bank President David Malpass coordination on COVID-19 response, vaccine access to the poorest countries and climate change. ...

The Asian Development Bank (ADB) priced a USD 4.5 billion five-year global bond, proceeds of which will be part of ADB's ordinary capital resources. ...

Following the US-brokered normalisation deal reached between Israel and Bahrain last month, the two countries will officially establish diplomatic relations at a ceremony in Manama on Sunday, an Israeli official said. ...