AGL 38.51 Increased By ▲ 0.94 (2.5%)
AIRLINK 129.15 Decreased By ▼ -3.35 (-2.53%)
BOP 5.62 Decreased By ▼ -0.02 (-0.35%)
CNERGY 3.85 Increased By ▲ 0.08 (2.12%)
DCL 8.74 Decreased By ▼ -0.13 (-1.47%)
DFML 41.90 Increased By ▲ 0.90 (2.2%)
DGKC 88.30 Decreased By ▼ -1.86 (-2.06%)
FCCL 34.89 Decreased By ▼ -0.19 (-0.54%)
FFBL 66.80 Increased By ▲ 0.30 (0.45%)
FFL 10.54 Increased By ▲ 0.39 (3.84%)
HUBC 108.59 Increased By ▲ 2.19 (2.06%)
HUMNL 14.66 Increased By ▲ 1.26 (9.4%)
KEL 4.77 Decreased By ▼ -0.09 (-1.85%)
KOSM 6.95 Increased By ▲ 0.10 (1.46%)
MLCF 41.68 Decreased By ▼ -0.12 (-0.29%)
NBP 59.65 Increased By ▲ 1.07 (1.83%)
OGDC 183.51 Increased By ▲ 2.26 (1.25%)
PAEL 26.20 Increased By ▲ 0.50 (1.95%)
PIBTL 5.95 Increased By ▲ 0.12 (2.06%)
PPL 148.00 Decreased By ▼ -0.40 (-0.27%)
PRL 23.57 Increased By ▲ 0.35 (1.51%)
PTC 16.53 Increased By ▲ 1.29 (8.46%)
SEARL 68.20 Decreased By ▼ -0.59 (-0.86%)
TELE 7.20 Decreased By ▼ -0.04 (-0.55%)
TOMCL 35.80 Decreased By ▼ -0.20 (-0.56%)
TPLP 7.74 Increased By ▲ 0.34 (4.59%)
TREET 14.20 Decreased By ▼ -0.04 (-0.28%)
TRG 50.48 Decreased By ▼ -0.37 (-0.73%)
UNITY 26.75 Increased By ▲ 0.35 (1.33%)
WTL 1.23 Increased By ▲ 0.02 (1.65%)
BR100 9,809 Increased By 41.1 (0.42%)
BR30 29,711 Increased By 311.1 (1.06%)
KSE100 92,409 Increased By 471.2 (0.51%)
KSE30 28,857 Increased By 113.6 (0.4%)
World

In first for Gulf, UAE opens embassy in Israel, hails trade ties

  • The UAE's ambassador to Israel, Mohamed Al Khaja, raised his country's flag outside the Stock Exchange building, with Israeli President Isaac Herzog at his side
  • Sudan and Morocco have since also moved to establish ties with Israel
Published July 14, 2021

TEL AVIV: The United Arab Emirates on Wednesday become the first Gulf state to open an embassy in Israel, as its envoy hailed the trade and investment opportunities that closer ties would bring at a flag-raising ceremony also attended by Israel's president.

Brought together by shared unease about Iran, the UAE and Bahrain normalised relations with Israel last year under the "Abraham Accords" crafted by the administration of then-US President Donald Trump

Inaugurating embassy in UAE, Israel tells region: ‘We're here to stay’

Sudan and Morocco have since also moved to establish ties with Israel.

The opening of the UAE embassy, which is situated in the Tel Aviv Stock Exchange, followed the inauguration of Israel's embassy in the UAE last month.

"Since the normalisation of ties ...we have seen for the first time discussions on trade and investment opportunities," UAE ambassador Mohamed Al Khaja said, after raising his country's flag outside the building.

"We signed major agreements across various fields, including economy, air travel, technology and culture."

Israeli President Isaac Herzog called the opening of the embassy "an important milestone in our journey towards the future, peace prosperity and security" for the Middle East.

Israeli, UAE airlines announce cooperation deal

"Seeing the Emirati flag flying proudly in Tel Aviv might have seemed like a far-fetched dream about a year ago," he said. "In many ways nothing could be more natural and normal."

In the UAE last month to inaugurate Israel's temporary embassy in Abu Dhabi and consulate in Dubai, Israeli Foreign Minister Yair Lapid said bilateral trade since normalisation exceeded $675 million and he expected more deals.

The regional rapprochement has been deplored by the Palestinians, who want their demands for statehood free of Israeli occupation addressed first.

The UAE has said last year's US-brokered accords, which challenged a decades-old allegiance to Palestinian ambitions as a major driver of Arab policy, would ultimately benefit the Palestinians.

Comments

Comments are closed.