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VIEW FROM THE GULF
Israel signs historic trade deal with UAE, its biggest with any Arab country



DUBAI, United Arab Emirates — Israel and the United Arab Emirates on Tuesday penned a multi-billion dollar free trade agreement, the latest product of the two countries’ historic normalization deal in 2020 known as the Abraham Accords.

With a stated target of increasing annual bilateral trade to more than $10 billion over the next five years, the trade agreement is the largest ever between Israel and any Arab country. It covers 96% of the trade between the two Middle Eastern countries, which last year reached $885 million, according to Israel’s economy minister.

To illustrate the sheer speed and scope of trade between the UAE and Israel that’s taken place since the two established official relations in August of 2020, that bilateral figure is more than twice the volume of Israel’s trade with Egypt in 2021, which was $330 million — and Israel and Egypt have had a peace agreement in place since 1979.

Israel’s Minister of Economy and Industry Orna Barbivai and her counterpart, UAE Minister of Economy Abdulla bin Touq Al Marri, signed the deal in Dubai following months of negotiations.

The signing opened “a new chapter in the history of the Middle East,” Emirati Trade Minister Thani Al Zeyoudi wrote on Twitter. “Our agreement will accelerate growth, create jobs and lead to a new era of peace, stability, and prosperity across the region.”



For Jon Medved, CEO of the crowdfunding platform OurCrowd and venture capitalist in Israel’s tech scene, trust between the two countries is key to seeing more investment.

“Trust is not something you can build in a month or two, but I think there is enormous goodwill,” Medved told CNBC’s Dan Murphy ahead of the deal’s signing. His firm has already invested in the UAE, hired employees in the Gulf and received a regulatory status from Abu Dhabi Global Market, a UAE free zone.

“While I think trust isn’t something that you snap your fingers and it instantly happens, I think the steps are being taken on a political level and a human level that are creating trust and this is going to lead to extraordinary business opportunities,” Medved said.

The signing of the deal came amid renewed violence between Israelis and Palestinians.

On Monday, thousands of Israeli nationalists surrounded the Al-Aqsa compound in Jerusalem, the third-holiest site in Islam, chanting anti-Muslim slurs, with some physically attacking Palestinians and a few arrested for spraying a Palestinian journalist with tear gas. The demonstrators had gathered for the commemoration of Israel’s capture of Jerusalem’s Old City in the Six Day War of 1967.

The UAE’s foreign ministry in a statement Monday condemned what it described as the “storming” of the Al-Aqsa compound by “extremist settlers under the protection of Israeli forces.” It also asked that Israeli authorities “take responsibility for reducing escalation and ending all attacks and practices that lead to the continuation of tensions.”

Other cities and towns in the West Bank also saw violence and attacks on homes in Palestinian neighborhoods by groups of Israelis. More than 160 Palestinians were injured, with some of those hit by live bullets after staging a counter-protest, according to the Palestinian Red Crescent.

Israeli Prime Minister Naftali Bennett condemned extremist behavior and vowed that anyone involved would be arrested.

On Monday, media who had been invited to the signing of the trade deal were told they could no longer attend, Reuters reported, noting that no reason had been given for the sudden change.

Al Aqsa is located the Old City of majority-Arab East Jerusalem, which has been annexed by Israel since 1967 but is not recognized internationally. Israel’s occupation of the Palestinian territories is classified by the United Nations as a violation of international law.

The growing economic relationship between Israel and the UAE, a Muslim country officially supportive of Palestinian statehood, has so far remained largely untouched by the countries’ political differences over the Israeli-Palestinian conflict.


https://www.cnbc.com/2022/05/31/israel-signs-trade-deal-with-uae-its-biggest-with-any-arab-country.html

How can any Bookoharram, Fulani or bandit attack such County

Irupetepete:
I have their mixtape till now

pls where can I downalod it.
I really need it

Irupetepete:
I have their mixtape till now

pls where can I downalod it.
I really need it

LadyRosa:
" Breaking up is never easy I know but I have to go, knowing me , knowing you is the best I can do!"

"The winner takes it all,the loser has to fall.Its simple and it's plain,WHY SHOULD I COMPLAIN...The game is on again,a lover or a friend......"

"See that girl,watch that scene ,dig in the dancing queen"

" There were something in the air that night,the stars were bright Fernando,and there were shining there for me and you,for liberty Fernando."


"One of us is crying, one of us is lying
In a lonely bed
Staring at the ceiling
Wishing she was somewhere else instead..."

"Don't go wasting your emotions,lay all your love on me"


"Mama Mia,here I go again ,my my how can I resist you?"

"Money, money, money
Must be funny
In the rich man's world
Money, money, money
Always sunny
In the rich man's world
Aha
All the things I could do
If I had a little money
It's a rich man's world
It's a rich man's world"

best of dem all

Dancing Queen
Winners takes it all
Fernando
Mama Mia
Money Money
SOS


i cant do in a day without listening to thier songs

putin go soon drink his oil

russibh.


he lost because dollar pass dollar

Sonyboom:
The mod should ban all this PDP bot shouting APC is finished in Oyo state abeg. What sort of nonsense is this.

e dey pain you?

over hyped Governor

For Farmers President I guess

Alamkir:
The mods will never put this in front page

you want mod to push this Another western propaganda to front page?

abi is no more propaganda?

frustrated man

100 percent facts

exCHRISTIAN:
2 Christian Nations Fighting Each Other

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Peace? Is What Jesus Teachs



Killing Innocent People

do dey tell you dey are fighting for Jesus?

it dosnet matter, let every state collect Thier own VAT

Administration1:
This death sha shocked me, she used to be the reason I tune to Aljazeera during the last year's bombardment of Gaza. Israel sha

but forgot to tell us what leads to Gaza bombings

so y I dey in hurry to bury her, y can't dey allow proper investigation and autopsy of her body b4 burying her

Who dey enter or leave NK b4

YourFavEvangeli:
Nigerians, please get ready to vote.
Don't vote out of sentiments, tribe or religion.
Don't vote a candidate because you have been paid 5,000.
The last 8yrs just showed us how much leadership can affect everyone.
Stop shuning the polls. Come out en-masse and vote for the right person.
As we await the 2023 elections, let us spare one minute everyday to call on God to intervene in the approaching primaries so that we won't have to chose between the devil and the deep blue sea on election day.

I pray dey listen. Vote buying is another tool Politicians now use to steal vote from Masses.

Disclaimer12:
Dude said, share the video till it gets to emelica ! Don't know when my people will realise that these so called western nation don't really care about us! On a serious note, this guy made video of almost 3 minutes without saying anything !

do we even care for ourselves? but we want someone else to care for us

Outfit... 8/10

helinues:
Same Gandollar that struggled to win his re-election, that's upon stepping on so many toes in Kano.

He should rather be preparing for political oblivion instead cos karma is patiently waiting for him

that is y he is desperately Supporting Tinubu, cos Tinubu has upper hand among the APC aspirants, Incase Tinubu should win the presidency Then automatically All His Dollar Bribery will b forgotten

wen was last time any Nigeria Ref ever feature in Any world cup

parklamson:
News from the inner circle of the VP have it that prof. Osinbajo always consult Daddy Adeboye first before Buhari on official decision.

go and ask the inner circle now.

The grasscutter man is talking again. people wey dey support tinubu have questionable character.

Bashir lawal Mr Grasscutter.
Ganduje Mr Gandolar.

Man city and Liverpool are in Spain so Manchester United are officially in the top 4.
Congratulations United!

All this commercial drivers and speed.

especially on that 3rd mb. if you tell Dem Dem no go hear.

RIP to the dead

flexyrule:
May Day - Nigeria is experiencing "May Day"

But Tinubu ain't no Calvary!

to b sincere no Calvary in Nigeria again

iamyemiakins:
Dem say sun burn solar panel for Kano last week

Solar panel see sun, E burn.

not b juju b that