The Israel-UAE political realignment is rapidly gathering pace since the signing of the ‘Abraham Accords’ in August (MEES, 14 August). The new partners are not content to simply make symbolic statements of goodwill, but are rapidly pushing ahead with concrete developments.
At this week’s first ‘Abraham Accords Business Summit’ in Abu Dhabi an agreement was reached to enable Israelis to travel to the UAE visa-free, with Emiratis afforded the reverse. Regular commercial flights have now begun between the two countries. The US, UAE and Israel have also agreed to establish the $3bn Abraham Fund aimed at mobilizing private sector investments into the Middle East. (CONTINUED - 1443 WORDS)