Gold price under pressure from high US bond yields in holiday trading week
Gold has gained 27 per cent so far this year.
Israel began importing aluminium from Bahrain, Manama-based newspaper al-Ayam reported on Sunday, citing an interview with Eitan Na’eh, the Israeli ambassador to the Gulf Arab monarchy.
Na’eh was appointed as Israel’s first ambassador to Bahrain in 2021, a year after the two states agreed to normalise relations. Aluminium Bahrain is one the largest smelters in the Middle East region.
The envoy did not specify the quantities or the value of Israel’s aluminium imports from Bahrain. Israel’s airline El Al should start flights to Manama soon, Na’eh said, according to the newspaper. Bahrain’s Gulf Air in September announced the launch of direct flights to Tel Aviv.
The two countries are also planning to sign an agreement that allows the transshipment of goods arriving by sea in Bahrain onto planes heading to Israel, the envoy said.
(By Moataz Mohamed and Maher Chmaytelli; Editing by Louise Heavens)
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