[1] The prospect of a joint use of oil and gas fields off Cyprus, as well as EuroAsia Interconnector, now the world's longest subsea electric power cable[2][3] have also brought the two countries closer together.

Cypriot first lady Androulla Vassiliou, wife of President George Vasiliou, was declared persona non grata in Israel when a delegation she was leading attempted to meet with Yasser Arafat, who was then under house arrest.

In the early 2000s, members of the Cypriot branch of the Greek Orthodox Church were accused of selling church-owned land in the West Bank to Israeli developers.

Turkey claimed that the Greek-Cypriot government in the southern part of the island did not have the authority to sign deals with Israel which could be detrimental to the Turkish-Cypriot population in Northern Cyprus.

The discovery of oil fields in the Mediterranean allowed Turkey Prime Minister Recep Tayyip Erdoğan to continue his diplomatic confrontation on two fronts: one with Israel, and one with Cyprus.

[20] The cable is supposed to pass from Israel via Cyprus and Crete, and from there to mainland Europe notably Italy and Switzerland and from Bulgaria to Serbia.

[30] The 2,000-mega-watt EuroAsia Interconnector is planned to lift Cyprus and Israel out of energy isolation through cheaper electricity as supported by George Lakkotrypis.

Silvan Shalom announced that the agreement is "historic" and that it demonstrated the powerful relations between the three countries adding that electricity will be exported to the European energy market via cable.

[34] Israeli matrimonial law is still based on the Millet system employed in the Ottoman Empire, which was not modified during the British Mandate and remains in force.

[36][37] Israel and Cyprus agreed on the middle of February 2011 to launch a joint natural gas and oil exploration venture in their adjoining territorial waters.

[38] In April 2012 Foreign Minister made a three-day visit to Nicosia to discuss the gas-sharing agreement to exploit reserves that fall on the maritime boundary between the two countries.

[39][40] Lieberman later discussed the prospects of further expansion of cooperation between the two countries in the fields of energy, tourism and investment with Commerce and Industry Minister Neoclis Sylikiotis.

[42][43] On 2 September 2013 President of the Cypriot House of Representatives Yiannakis Omirou and the Knesset Speaker Yuli-Yoel Edelstein signed a protocol of cooperation between their countries' Parliaments.

[44] On 2 September 2013 the president of Democratic Rally, Averof Neophytou in a press conference in Nicosia characterised Israel as Cyprus' most reliable ally.

Minister Sylikiotis said that Israel is positive in supplying Cyprus a small quantity of natural gas, 0.5-0.7 billion cubic meters, for electricity production.

[55] Other prominent speakers include Ex-Ministers of Commerce and Trade Praxoulla Antoniadou Kyriacou and Antonis Paschalides, the President and the Secretary-General of the Cyprus Chamber of Commerce and Industry Manthos Mavrommatis, the President and the General Manager of the Cyprus Stock Exchange George Koufaris, the Ambassador of Israel Michael Harari and the Ambassador of Belgium Christakis Papavassiliou.

[56][57] In 2013 Cyprus-Israel Business Association conferences took place in Jerusalem and even though the participants of 100 Israeli companies and the 30 Cypriot firms discuss how to increase cooperation in fields ranging “from milk to gas,” the main emphasis was on the Mediterranean natural resource that each of the countries has the potential to export.

[58][59] In May 2013 the President of the Israel-Cyprus Business Association Christakis Papavasilious announced “the new historic era” that Cyprus and Israel are entering together in regards to the economic aspect, and that both countries should rely on each other in order to push forward.

Cypriot Defense Minister Fotis Fotiou confirmed that the joint exercise, which will include the participation of four or five Israeli warships, would start on 25 April.

In an official statement after the meeting Michael Harari expressed his view that Israel and Cyprus are determined to strengthen and deepen their relations in all areas in favor of their peoples and the region in general.

At the inauguration of the plant in August 2013, there were present both President of Cyprus Nicos Anastasiades and Israeli Minister of Energy and Water Resources Silvan Shalom.

On 20 June Israeli Prime Minister Benjamin Netanyahu before the weekly Cabinet meeting announced he was pleased his country was able to extend assistance to Cyprus in order to put out the fire that broke out near Argaka and recalled that in 2010, during the 2010 Mount Carmel forest fire, the first person to contact for assistance was the president of Cyprus Demetris Christofias.

On 28 June Cyprus President Nicos Anastasiades thanked from his bottom of his heart the prime minister of Israel Benjamin Netanyahu in their telephone conversation.

Naftali Benntett accepted the invitation of the Cypriot Minister to visit Cyprus with representatives of Universities and Research Centres of Israel to continue the dialogue and to identify areas of common interest for cooperation in higher education.

[94] In August 2012 both countries signed a treaty to cooperate in forming a bank that will host the important amount of data which results from the numerous excavations that are conducted in both Israel and Cyprus.