Tag: Bahrain

Biden Admin Hands Out $500 Million for Oil Drilling in the Middle East

Michigan Star Staff
Oil Drilling

The Biden administration is providing financing for oil development in the Middle East after taking numerous steps to restrict domestic production, according to Bloomberg News.

The U.S. Export-Import Bank — a nominally independent government entity that aims to boost the American economy “by facilitating the export of U.S. goods and services” —  approved a $500 million loan guarantee for oil and gas development in Bahrain on Thursday, according to Bloomberg News. The funding follows the Biden administration’s decisions to release the most restrictive offshore oil and gas leasing schedule in American history and cancel seven previously-issued oil and gas leases in Alaska, among other actions intended to rein in domestic oil production.

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Trump: Sudan to Join UAE, Bahrain in Recognizing Israel

The Associated Press

President Donald Trump announced Friday that Sudan will start to normalize ties with Israel, making it the third Arab state to do so as part of U.S.-brokered deals in the run-up to Election Day.

The announcement came after the North African nation agreed to put $335 million in an escrow account to be used to compensate American victims of terror attacks. The attacks include the 1998 bombings of the U.S. embassies in Kenya and Tanzania by the al-Qaida network while its leader, Osama bin Laden, was living in Sudan. In exchange, Trump notified Congress on Friday of his intent to remove Sudan from the U.S. list of state sponsors of terrorism.

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Signing of Abraham Accords Is ‘Paradigm Shift’ for Israel-Gulf Relations, Sen. Blackburn Says

Jason M. Reynolds

U.S. Sen. Marsha Blackburn (R-TN) applauded the signing Tuesday of the Abraham Accords, calling it a “paradigm shift.”

Blackburn on Tuesday tweeted, “Today, we are witnessing history at the @WhiteHouse. 27 years since the signing of the Oslo Accords, Israel, the UAE, and Bahrain have achieved monumental peace. This deal brings great potential and opportunity to the region and is a paradigm shift in Israel-Gulf state relations.”

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Bahrain Becomes Latest Arab Nation to Recognize Israel

The Associated Press

Bahrain has become the latest Arab nation to agree to normalize ties with Israel as part of a broader diplomatic push by President Donald Trump and his administration to fully integrate the Jewish state into the Middle East.

Trump announced the agreement on Friday, following a three-way phone call he had with Israeli Prime Minister Benjamin Netanyahu and Bahrain’s King Hamad bin Isa Al Khalifa. The three leaders also issued a brief six-paragraph joint statement, attesting to the deal.

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