Isreal UAE first trade deal


Jerusalem 17 August : The u.s brokered peace deal between israel and the uae has been met with mixed responses from across the world.

 on one side the deal stirred anger from cries of betrayal to fears about falling dominoes among arab states in the region, on the other hand uae's gulf allies have welcomed the deal but with caution and now after just two days of that historic announcement israel and uae have signed a strategic commercial agreement .


The emirati apec national investment committee company has signed an agreement with israel's terra group to cooperate on research and development related to covid-19 .


according to apex's chairman khalifa yosef the deal is considered the first business to inaugurate trade economy and effective partnerships between the emirati and israeli business sectors for the benefit of serving humanity by strengthening research and studies on the novel coronavirus delegations from israel and the uae will be meeting in the coming weeks to sign agreements regarding investment tourism, direct flights security telecom and other aspects telephone services between the uae and israel began working as the two countries opened diplomatic ties the emirati foreign ministry officials have acknowledged that foreign minister sheikh abdullah bin zayed al-nayan had called his israeli counterpart gabi ashken nazi on sunday the uae strategic communications ,

director has confirmed the inauguration of the phone line saying that the foreign ministers have exchanged greetings on the newly established link this fact makes uae only the third arab country to have normal diplomatic relations with israel along with egypt and it's jordan a labor of love .