Israel, UAE agree deal to boost investment in each other's economies

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Israel and the United Arab Emirates (UAE) have reached a bilateral agreement that will give incentives and protection to investors who make investments in each other's countries, both finance ministries said on Sunday.

Israeli national flags flutter in front of an office tower at a business park also housing high tech companies, at Ofer Park in Petah Tikva, Israel August 27, 2020. REUTERS/Ronen Zvulun

The agreement is one of the first between the UAE and Israel after they agreed to normalise relations in August. The UAE has signed 99 investment protection treaties and this one with Israel would strengthen economic ties, encourage competition and increase the attractiveness of investments between the two countries, UAE Finance Ministry Undersecretary Younis Haji Al Khoori said in a statement.

The UAE finance ministry said the agreement would protect investments from non-commercial risks such as “nationalisation, confiscation, judicial seizures, freezing assets, establishing licensed investments, and transferring profits and revenues in convertible currencies.”

 

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Criticizing Israel is not anti Semitic. We call you to reject the IHRA definition. The actual definition of antisemitism in the IHRA is vague and unclear, and it provides virtually no help in deciding if a particular incident is or is not antisemitic.🇵🇸 FreePalestine

How do you recognize a criminal occupation as a state? Israel is a Zionist occupation that existed at the expense of Palestinians.🇵🇸🇵🇸 Israel also playing its usual despicable game,which is concealing its criminal reality & emergence to the world as Peaceful Lover. Shame on you!

Shame on you for your support, a criminal racist occupation. Israel doesn't deserve to be supported, Israel is a brutal occupation that exist at the expense of the innocent Palestinians using the power of weapons and warplanes against them. FreePalestine 🇵🇸🇵🇸🇵🇸🇵🇸

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These are personal interests far from independence, but rather the beginning of the occupation and crime.

Shame on you and for treacherous normalization. This is the beginning of occupation, injustice and colonialism.

Your normalization will lead to the destruction of the rights of an entire people and the seizure of their lands, which is not the right of the Israelis, because the age of the lands of Palestine is greater than that of Israel. 🇵🇸

This normalization is considered a great betrayal of the Palestinian cause. These are not peace agreements, but agreements of destruction and corruption. 🇵🇸🇵🇸🇵🇸🇵🇸🇵🇸

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We are completely against normalization, as these relations will strengthen the Zionist presence in Palestine, and encourage it to practice more violations against innocent citizens. 🇵🇸

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No, no, no. Israel is a rogue state and deserves to be boycotted. BDS!

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