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Israel will open UAE economic office to boost Gulf investment

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This follows a US-brokered normalisation of ties between both countries last September. FMTNews

Ex-US president Donald Trump brokers the normalisation of ties between Bahrain, Israel and the UAE at the White House last September.

This follows a US-brokered normalisation of ties between Israel and the UAE last September that has led to a number of bilateral banking deals and direct flights between the two countries. Economy Minister Amir Peretz said he saw “enormous economic potential” in strengthening Israeli-Emirati relations.

Israel’s Foreign Trade Administration , a part of the economy ministry, operates in more than 50 business centres around the world.Aviad Tamir will be the economic attache in the UAE, the ministry said.

 

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