Saudi Arabia and Israel preparing major diplomatic meeting

Mohammed bin Salman Credit: Shutterstock
Mohammed bin Salman Credit: Shutterstock

At the meeting an aviation agreement and cooperation agreements in research and technology in medicine, agriculture and energy will be signed, a source has told "Globes."

Saudi Arabia is allowing Israeli businesspeople to enter the country with their Israeli passports after receiving a special visa, sources close to the matter have told "Globes." For the most part it is representatives and managers of Israeli technology companies who are being invited to visit by the Saudis. This is a dramatic change and follows the cancellation in recent months of the blanket ban on Israeli passport holders, making it easy for special visas to be obtained.

Dozens of Israeli businesspeople have taken advantage of this option and visited Riyadh, the economic center of Saudi Arabia and other locations like Neom.

All this is preparing the ground for a major diplomatic meeting between Israel and Saudi Arabia with economic and defense components, an international source familiar with the matter has told "Globes." Among other things, agreements will be signed in aviation, and cooperation in research and technology in medicine, agriculture and energy.

The source explained, "The Saudis prefer that, publicly, reporting should focus mainly on economic affairs, because on other subjects there are still many obstacles, but the economic openness testifies to the coming steps that are not far away." These matters have been confirmed by other sources in Israel, the US and even a source in Saudi Arabia itself.

The source said that last week's article in "Globes" on economic relations was translated to Arabic and seen by senior figures in Saudi Arabia. The source said that those senior figures response was that, "The spirit of things was that the time had come that these things should not be concealed. Both countries have much to give each other, and the economic-commercial-technological direction is the right direction at the moment. The publication (in Globes) will also help ties and visits and that's good."

The source added that many Saudis were applying to come to Israel and promote business and see how technologies work, especially in agriculture and advanced technology areas.

Published by Globes, Israel business news - en.globes.co.il - on May 29, 2022.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.

Mohammed bin Salman Credit: Shutterstock
Mohammed bin Salman Credit: Shutterstock
Forbes Rich List credit: Shutterstock Maslowski Marcin Wiz founders ranked in Forbes 2025 Rich List

There are a few dozen Israelis listed in the 2025 Forbes Real-Time Billionaires List including Wiz founders Assaf Rappaport, Yinon Costica, Roy Reznik and Ami Luttwak.

SatixFy CEO Nir Barkan credit: Ariel Barkan Canada's MDA Space to buy Israeli satcom co SatixFy

MDA Space will pay $269 million for the Israeli company, including taking on a $76 million debt and a 75% premium on SatixFy's closing price on Nasdaq yesterday.

Raising dollars credit: Shutterstock Israeli startups raised over $1b in March

Israeli privately-held tech companies have raised $2.1 billion in the first three months of 2025, according to IVC-LeumiTech, up 24% from the corresponding quarter of 2024.

Terminal 1 credit: Personal image Terminal 1 reopening revives Israel low-cost fare options

With the opening of the terminal for international flights, the Irish low-cost airline Ryanair has returned to Israel and with it, double-digit US dollar round-trip fares.

Arkady Volozh  credit: Shlomi Yosef Analysts see Israel-linked Nebius challenging CoreWeave

Nebius, founded by Yandex founder Arkady Volozh, operates in CoreWeave's AI server market, but is growing "more rationally", and has far less debt.

Bezalel Smotrich and Amir Yaron credit: Knesset Spokesperson and Tali Bogdanovsky Retail chains, credit card cos could soon act as banks

Israel's financial regulators have proposed that supermarket chains, credit card companies and investment houses will be able to accept deposits and offer credit.

Elbit Systems rocket launcher  credit: Elbit Systems Elbit Systems wins $130m European rocket order

The order is for the supply of rockets for Elbit's Precise and Universal Launching System (PULS), which has an effective range of up to 300 kilometers.

Nvidia VP Ali Kani credit: Nvidia Nvidia intensifies efforts to compete with Mobileye

"Globes" talks to Nvidia VP and automotive team head Ali Kani about the chipmaker's autonomous vehicle activities and assesses the threat to Mobileye.

Fitch ratings agency credit: Shutterstock Fitch reaffirms Israel's A rating with negative outlook

The ratings agency said, "The negative outlook reflects rising public debt, domestic political and governance challenges and uncertain prospects for the conflict in Gaza."

Tamar rig credit: PR Sovereign Wealth Fund earned handsome returns in 2024

Israel's Sovereign Wealth Fund, known as the Citizens' Fund, had assets worth about $2 billion at the end of 2024, the Ministry of Finance reports.

Fencing goes up Petah Tikva's Segula neighborhood  credit: NTA Work on Metro to begin in Petah Tikva

The first work on the Tel Aviv Metropolitan underground railways system will begin on the M2 line depot in Petah Tikva.

Startups credit: Shutterstock/NicoElNino IVC-LeumiTech: Tech fund raising jumps 24% in Q1

Israeli privately-held tech companies raised $2.13 billion in the first quarter of 2025, up 24% from the corresponding quarter of 2024, but down 12% from the preceding quarter.

Miri Regev and Yitzhak Rochberger credit: Yediot Ahronot/ Reuven Kapuchinsky and Amit Shabi Ramat Hasharon wants railway station for the Mossad

Ramat Hasharon is pushing for a station in Glilot neat the Mossad headquarters, even though a new station is also planned for Glilot South, 1.6 kilometers away.

Prime Minister Benjamin Netanyahu credit: Reuven Kastro Police call Netanyahu for testimony as aides arrested

Jonatan Urich and Eli Feldstein are being held over alleged payments received from Qatar while working in the prime minister's bureau.

Highcon chairperson Shlomo Nimrodi  credit: PR Packaging tech co Highcon winding down

The company, which numbers Benny Landa and JVP among its investors, is laying off most of its workforce, having lost 99.9% of its value since its flotation.

MK Almog Cohen  credit: Danny Shem-Tov, Knesset Spokesperson's Office Netanyahu halts Nevatim airport bill

Legislation mandating construction of an airport at Nevatim, near Beersheva, is ready for final Knesset approval, but the prime minister blocked it after a security cabinet meeting.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018