“It feels like we are dating” – those are the words that Fleur Hassan Nahoum, Jerusalem’s deputy mayor uses when describing the new relationship between the UAE and Israel.
“In all our conversations and the new friends we’ve made, what is really clear is that both sides have a real thirst for a warm peace. And I’ve never experienced that. I think we are living in historic times, we are curious about each other and we want to get to know each other. It’s so interesting and exciting – we are really making history here,” Nahoum, who is also co-founder of the UAE-Israel Business Council, tells Gulf Business.
There has been a strong momentum following the signing of the historic Abraham Accords between the UAE, Bahrain and Israel in the US in September. Last month, the first-ever official delegation of UAE ministers visited Israel, where a number of landmark agreements were signed across sectors including investment, tourism, financial services and technology.
The UAE, US and Israel have also jointly established a $3bn Abraham Fund to help stimulate private sector-led investments across the region. The fund will bolster regional trade, enable strategic infrastructure projects and increase energy security.
From a business perspective, it is almost as if the floodgates have been opened in terms of potential collaborations between the UAE and Israel, opines Dorian Barak, also a co-founder of the UAE-Israel Business Council. The council, which was established in June of this year – prior to the peace treaty being signed between the countries – aims to foster economic cooperation and business partnerships between the two sides.
Esta historia es de la edición November 2020 de Gulf Business.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición November 2020 de Gulf Business.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Green lights
It hasn’t even been a full year that Stellantis, one of the world’s biggest auto companies, has been in existence. Still, its wheels are spinning furiously. Here’s what it has in store for the region
Purpose through corporate responsibility
Every organisation must deeply reflect about whether they are leaving behind a legacy or a liability, says Abdulaziz AlSowailim, EY MENA chairman and CEO
Analysing the layers of a coconut
When we have a sense of clarity as to our purpose in life, then we institute the correct practices and habits around us, and set realistic and achievable results
DUNES TO DOMINION
FOR A COUNTRY RICH IN TRADITION AND DRIVEN BY AMBITION, THE UAE’S JOURNEY DURING THE PAST 50 YEARS HAS BEEN UNPRECEDENTED. WHAT’S IN STORE FOR THE NEXT 50?
Building strong
International investors are boosting Dubai’s residential property market, which has rebounded strongly from the Covid crisis, writes Aarti Nagraj
CHASING THE AMERCIAN DREAM
FOR SHAI ZAMANIAN, THE US IS A LAND OF LIMITLESS POSSIBILITIES, AN AVENUE HE AIMS TO OPEN FOR FAMILIES WORLDWIDE VIA IMMIGRATION. HERE’S HOW HE IS BRINGING HIS GOAL TO FRUITION
OBITUARY: JOCELYN HENDERSON (1921-2021)
THE GRANDE DAME OF ABU DHABI – THE WIFE OF A FORMER DIPLOMAT – PASSED AWAY IN THE UAE CAPITAL AGED 100
THE DIGITAL DISRUPTORS
IN THE COMING YEARS, THE GCC IS EXPECTED TO PLAY A SIGNIFICANT ROLE IN SECTORS SUCH AS HEALTHCARE, MANUFACTURING, EDUCATION AND RETAIL, WHICH WILL HELP BOOST THE GROWTH OF ITS NON-OIL ECONOMY
Signed, sealed, delivered
Nicolas Baretzki, CEO of Montblanc, partnered with one of the world’s most recognisable luxury brands, Ferrari, earlier this year. Here’s where the partnership, and the German company as well, is headed next
UP, UP AND AWAY
AS THE FIRST IN-PERSON AIRSHOW TO TAKE PLACE SINCE THE OUTBREAK OF THE PANDEMIC, THE EVENT SAW SEVERAL DEALS ANNOUNCED
