Business between the UAE and Israel is now more possible and feasible than ever. This is thanks to the peace agreement called the Abrahamic Agreement is an agreement for full normalization between the United Arab Emirates and the State of Israel mediated by the United States, presented to the public on August 13, 2020. The agreement is named after the biblical Abraham, the connecting figure between the Abrahamic religions.
Business owners, entrepreneurs and authorities can now create and promote open and open business relationships between the United Arab Emirates, Dubai and Bahrain and the State of Israel.
This agreement opens up very interesting business opportunities for both sides, both the Israeli side and the Hebrew side in the UAE, with the shirt being Dubai.
What is said in the Abrahamic agreement
The agreement that will allow business between the United Arab Emirates and Israel states, among other things:
Because governments “strive to realize the vision of stability in the Middle East, peace and prosperity, for the benefit of all countries and peoples in the region. “Israel and the United Arab Emirates want peace, diplomatic and friendly relations and full cooperation and normalization of relations between the peoples in accordance with the agreement.”
“Governments believe that challenges can be overcome effectively only through cooperation and not through conflict. Israel and the United Arab Emirates believe that the establishment of peace and full normalization between them may help change the Middle East.”
The agreement also states that – “… the two states will also be the peoples that make up the sons of Abraham, whose name appears at the top of the agreement.” The governments recognize that the peoples – the Arabs and the Jews, are the descendants of the same ancestor – Abraham, ” It is to cultivate a reality in which Muslims, Jews, Christians and human beings from all faiths, religious denominations and the countries in which they live, are committed to a spirit of coexistence, common understandings and common respect in the Middle East. “
The actual implications of the agreement will include:
Establishment of embassies: The parties will replace permanent ambassadors as soon as possible after the signing of the agreement, and will maintain diplomatic and consular relations in accordance with international law.
Peace and stability: Israel and the United Arab Emirates have attached deep importance to mutual understandings, cooperation and coordination between them in the areas of peace and stability.
Cooperation and agreements in other areas: Israel and the United Arab Emirates will work to advance the goals of peace, stability and prosperity in the Middle East and to realize the potential of their countries and region. To this end, the parties will formulate agreements in the following areas as early as possible: funds and investments; Civil aviation; Consular services visas; Investment, trade and economic relations; Health, science, technology and space; Tourism, culture and sports; energy; around the; Education; Maritime agreements; Communication and mail; Food security and agriculture; water; And more.
The agreement was welcomed around the world and many media outlets and governments wrote and congratulated it: in England Luxembourg, in the Philippines the Polish government, the South Korean government, well-known figures and figures like Nikola Dimitrov Wikipedia dedicated value to the Abraham agreement, On the agreement.
Business owners from Israel and the United Arab Emirates, and especially in the first phase, Dubai and Bahrain, are already forging trade and business relations. Although for years Israel and the Emirates have had such and other relations that were “under the radar”, at this time the relationship is being published. And now business people from both countries will be able to examine business proposals, make investments in joint ventures and projects, carry out collaborations at the scientific and technological level and develop trade relations.
Business between the United Arab Emirates and Israel can be a gateway for Israeli companies that want to trade with the Arab world, through the mediation and cooperation of companies and businessmen from Dubai, Bahrain and other moderate Gulf states.
There is no doubt that trade and economic relations between the two countries (Israel and Dubai in the first phase), will develop greatly in the near future, and will give business owners with vision, and business audacity handsome profits and both countries will prosper and promote the desired peace to the entire region.
For questions and answers on the subject – click here