Saudi Arabia, Israel to establish economic relations for first time: Report

‘Saudi Arabia and the Israeli regime are in clandestine talks to establish official economic relations for the first time since the entity was created on the Palestinian territories some 69 years ago, a report says.
The Times, citing unnamed Arab and American sources, said in a report on Saturday that forming economic connections between to two, which would be gradual and step by step, could begin by allowing Israeli companies to open shops in the Arab kingdom, or granting El Al Israel Airlines Ltd. permission to fly over Saudi airspace.
“However, any such progress would bolster the alliance between Iran’s two most implacable enemies and change the dynamics of the many conflicts destabilizing the Middle East,” the report speculated.
So far Saudi officials have had some open meetings with senior officials in Israel, trying to gradually pave the way for establishing ties with the occupying regime.’
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