Turkey and Israel will seek to end a long-running feud between their two presidents this week for the first time in a decade as part of a recent fascination spell launched by Ankara against its regional rivals.
Turkey and Israel have exchanged accusations of Israeli occupation of Palestinian territory and Ankara’s support for the Islamist group Hamas, which controls the Gaza Strip. Their diplomatic relations reached their lowest point in 2018 with the expulsion of their ambassadors.
Turkey’s efforts to repair Ankara’s strained relations in the Middle East led President Tayyip Erdogan to announce in January that he had invited Israeli President Isaac Herzog to the Tetar talks. Both sides have stated that they will use this meeting to explore ways to deepen their cooperation.
Erdogan has said the Israeli president’s visit will usher in a “new era” and that the two countries can work together to transport Israeli gas to Europe, reviving an idea discussed 20 years ago.
Yossi Abu, chief executive of NewMed Energy, the Israeli company that drives gas from a huge Israeli field in the eastern Mediterranean, said his company could supply Turkey if Ankara offered the infrastructure, but did not comment on the ambitious for the transport of natural gas to Europe.
“Our position has always been clear. If you want gas, great! We are ready to give. You build the pipeline to us and we will supply the gas,” Yoshi Abu said two weeks ago during an investor conference.
Tensed decade
Although the Israeli president has no real political powers and any move towards an approach would require the approval of Israeli Prime Minister Naftali Bennett, Isaac Herzog’s visit marks a significant warming of Turkish-Israeli relations.
In mid-November, Tayyip Erdogan spoke with President Isaac Herzog and Israeli Prime Minister Naftali Bennett – in the first conversation between an Israeli prime minister and Tayyip Erdogan since 2013, shortly after his release. couple of Israeli tourists arrested in Turkey on espionage charges.
Relations between Ankara and Israel have been strained since the Mavi Marmara case in 2010, when Israeli forces attacked a Turkish ship trying to break the blockade of the Gaza Strip and deliver humanitarian aid to the Palestinian enclave.
The two countries recalled their ambassadors in 2018 after the death of Palestinian protesters in Gaza.
The last visit of an Israeli president to Turkey took place in 2007 and the last visit of an Israeli prime minister in 2008.
Despite years of tension, Turkey and Israel maintained $ 6.7 billion in trade relations in 2021, up from $ 5 billion in 2020, according to official figures.
SOURCE: AMPE
Source: Capital

Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.