The Abraham Accords Declaration 5-19-25

We, the undersigned, recognize the importance of maintaining and strengthening peace in the Middle East and around the world based on mutual understanding and coexistence, as well as respect for human dignity and freedom, including religious freedom. 

We encourage efforts to promote interfaith and intercultural dialogue to advance a culture of peace among the three Abrahamic religions and all humanity.

We believe that the best way to address challenges is through cooperation and dialogue and that developing friendly relations among States advances the interests of lasting peace in the Middle East and around the world.

We seek tolerance and respect for every person in order to make this world a place where all can enjoy a life of dignity and hope, no matter their race, faith or ethnicity.

We support science, art, medicine, and commerce to inspire humankind, maximize human potential and bring nations closer together.

We seek to end radicalization and conflict to provide all children a better future.

We pursue a vision of peace, security, and prosperity in the Middle East and around the world.

In this spirit, we warmly welcome and are encouraged by the progress already made in establishing diplomatic relations between Israel and its neighbors in the region under the principles of the Abraham Accords.  We are encouraged by the ongoing efforts to consolidate and expand such friendly relations based on shared interests and a shared commitment to a better future.

https://www.state.gov/the-abraham-accords

The Abraham Accords refer to a series of agreements normalizing diplomatic relations between Israel and several Arab nations, including the United Arab Emirates, Bahrain, Morocco, and Sudan. These agreements, brokered by the United States, aimed to foster peace and cooperation in the Middle East by moving beyond the Arab-Israeli conflict. Here's a more detailed breakdown: 

Background: The Accords were a significant step forward in the Middle East, as they normalized relations between Israel and these Arab states for the first time, after decades of conflict and division. 

Key Agreements

Israel-UAE Normalization Agreement: This agreement, signed on September 15, 2020, led to the establishment of diplomatic relations between Israel and the UAE. 

Israel-Bahrain Normalization Agreement: Another agreement signed on the same day, this one between Israel and Bahrain. 

Israel-Morocco Normalization Agreement: Announced on December 10, 2020. 

Israel-Sudan Normalization Agreement: Announced on October 23, 2020. 

Significance: The Accords are viewed as a catalyst for regional transformation, promoting cooperation and investment in the Middle East. They have led to new opportunities for direct flights, people-to-people exchanges, and business partnerships. 

Broader Implications: The Accords are seen as a potential model for further regional cooperation and normalization, with the potential to improve relationships between Israel and other countries in the Middle East. 

In 2020, United Arab Emirates UAE, Morocco, Sudan and Bahrain signed on to the Abraham Accords.

The United Arab Emirates UAE's nominal GDP in 2025 is estimated to be around $548.60 billion.

In 2025, the UAE is projected to have a nominal per capita GDP of approximately $49,500.

In 2025, the UAE is projected to have a population of approximately 11.35 million people by mid-year 2025.

In 2025 UAE is projected to have an unemployment rate of 2.61%,

In 2025, the UAE's debt to nominal GDP ratio is projected to be around 31.30%.

Morocco's nominal GDP in 2025 is projected to be around $153.8 billion.

In 2025, Morocco's nominal per capita GDP is projected to be approximately $4,470.64,

In 2025, the estimated population of Morocco in 2025 is 38,430,770. 

In 2025, Morocco's unemployment rate is projected to be 13.3%,

In 2025, Morocco's debt-to-nominal GDP ratio is expected to be around 68.2%

Sudan's nominal GDP in 2025 is projected to be approximately 96.21 billion.

In 2025, Sudan's nominal per capita GDP is projected to be $624.9.

In 2025 the estimated population of Sudan is 51,662,147

In 2025, Sudan is projected to have a 55.68% unemployment rate.

In 2025, Sudan's debt to nominal GDP ratio is projected to be around 250%

Bahrain's nominal GDP in 2025 is projected to be around $47.83 billion.

In 2025, Bahrain's nominal per capita GDP is estimated to be approximately $29,893. 

In 2025 the estimated population of Bahrain is 1,643,332.

In 2025 Bahrain's is projected to have a 6.16% unemployment rate.

In 2025, Bahrain's debt to nominal GDP ratio is projected to be around 130%.

Comments

Trump’s visit to Saudi Arabia included meetings with the leaders of the United Arab Emirates UAE, Quatar and Saudi Arabia and Syria. I expect Saudi Arabia and Quatar to join the Abraham Accords in 2025. This would add two key players to this diverse group. I hope Syria will be able to join as well.

Syria's nominal GDP in 2025 is projected to be around $9.65 Billion.

In 2025, Syria's nominal GDP per capita is projected to be around $801.45.

In 2025, the estimated population of Syria for 2025 is around 25.6 million.

In 2025, Syria's unemployment rate is projected to be 15%.

In 2025 Syria's debt-to-GDP ratio is expected to be around 30.01%

The Abraham Accords should allow the poor and struggling Arab countries to grow their Private Sector Economies and reduce their Debt and Unemployment. It should also encourage developed Arab Countries to expand their economies to be less reliant on oil revenue.

Comments

Our relationship with oil producing Arab Countries was based on the price of oil per barrel.

In 1960, the cost of gasoline was 20 cents/gallon.

In 1960, the cost of crude oil per barrel was around $2.91. 

In 1970, the average cost of gasoline per gallon in the United States was $0.36.

In 1970, the market price of crude oil per barrel was around $1.35.

In 1980, the average national price of gasoline was $1.19 per gallon.

In 1980, the price of oil per barrel was around $37.42

In 1990, the national average price of gasoline was $1.15 per gallon.

In 1990 the average price of oil per barrel was $23.76.

Our relationship with Arab Countries became a problem in the 1980s. The first reported hijacking of an airline flight with religious motivations was on June 14, 1985, when TWA Flight 847 was hijacked by two members of Hezbollah. The hijackers demanded the release of 700 Shia Muslims from Israeli prisons. 

Fracking to increase oil production in the US began in 1949. By 2016, fracking accounted for more than 50% of oil output in the US. In 2022, two-thirds of US oil production came from fracking. Oil prices are based on Supply and Demand.

Norb Leahy, Dunwoody GA Tea Party Leader