The UAE and Israel are in talks to advance economic cooperation and increase direct flights between the two countries.
This comes after non-oil trade between the two nations amounted to $700 million dollars during the first year following the signing of the Abraham Accords Peace Agreement.
The talks were held between Dr. Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and SMEs, and the Israeli Tourism Minister Yoel Razvozov.
"The UAE-Israeli relations are steadily growing and we're determined to further develop them over the coming period," Al Falasi said, noting that Expo 2020 Dubai represents a valuable opportunity for the Israeli businesses to benefit from the opportunities up for grabs during the global fair.
Despite the movement restrictions associated with the pandemic, around 250,000 Israeli tourists visited the UAE over the past period.
The growth of business opportunities across priority sectors are also being considered an essential move in the advancement.
US automaker Tesla has warned that it and other major American exporters are exposed to retaliatory tariffs that could be leveled in response to President Donald Trump's aggressive use of tariffs.
The Abu Dhabi Fund for Development (ADFD) has announced the launch of the “Sofitel Legend Pyramids Giza” project, a luxury five-star hotel intended to be a landmark addition to the hospitality and tourism sector in Egypt.
The value of transactions conducted in the banking sector within the country through the UAE Funds Transfer System (UAEFTS) rose to AED 19.898 trillion during 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE).
Dubai Electricity and Water Authority (DEWA) announced a contribution of AED 20 million to the Fathers' Endowment campaign, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and the Ruler of Dubai.