ANL 20.85 Decreased By ▼ -1.48 (-6.63%)
ASC 13.90 Decreased By ▼ -0.70 (-4.79%)
ASL 22.82 Decreased By ▼ -0.83 (-3.51%)
BOP 8.20 Decreased By ▼ -0.08 (-0.97%)
BYCO 7.80 Decreased By ▼ -0.35 (-4.29%)
FCCL 17.80 Decreased By ▼ -0.17 (-0.95%)
FFBL 23.40 Decreased By ▼ -0.08 (-0.34%)
FFL 15.79 Decreased By ▼ -0.31 (-1.93%)
FNEL 7.40 Decreased By ▼ -0.57 (-7.15%)
GGGL 17.83 Decreased By ▼ -1.57 (-8.09%)
GGL 39.09 Decreased By ▼ -2.65 (-6.35%)
HUMNL 6.05 Decreased By ▼ -0.29 (-4.57%)
JSCL 18.65 Decreased By ▼ -0.72 (-3.72%)
KAPCO 36.75 Decreased By ▼ -0.43 (-1.16%)
KEL 3.39 Decreased By ▼ -0.09 (-2.59%)
MDTL 2.61 Decreased By ▼ -0.09 (-3.33%)
MLCF 34.32 Decreased By ▼ -0.67 (-1.91%)
NETSOL 131.20 Decreased By ▼ -8.10 (-5.81%)
PACE 4.71 Decreased By ▼ -0.41 (-8.01%)
PAEL 27.68 Decreased By ▼ -0.67 (-2.36%)
PIBTL 8.81 Decreased By ▼ -0.09 (-1.01%)
POWER 7.40 Increased By ▲ 0.10 (1.37%)
PRL 17.39 Decreased By ▼ -0.91 (-4.97%)
PTC 9.80 Decreased By ▼ -0.20 (-2%)
SILK 1.51 No Change ▼ 0.00 (0%)
SNGP 44.50 Decreased By ▼ -0.80 (-1.77%)
TELE 18.89 Decreased By ▼ -1.52 (-7.45%)
TRG 164.00 Decreased By ▼ -5.50 (-3.24%)
UNITY 32.92 Decreased By ▼ -0.13 (-0.39%)
WTL 3.01 Increased By ▲ 0.05 (1.69%)
BR100 4,739 Decreased By ▼ -82.19 (-1.7%)
BR30 22,895 Decreased By ▼ -582.24 (-2.48%)
KSE100 45,339 Decreased By ▼ -257.8 (-0.57%)
KSE30 17,848 Decreased By ▼ -180.96 (-1%)

Coronavirus
VERY HIGH Source: covid.gov.pk
Pakistan Deaths
27,432
5824hr
Pakistan Cases
1,232,595
2,35724hr
4.9% positivity
Sindh
453,051
Punjab
425,703
Balochistan
32,812
Islamabad
104,619
KPK
172,210
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
Updated 14 Jul 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.