Following the announcement of a peace accord with Israel, UAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued a decree cancelling a law on boycotting the country.
Federal Decree-Law No. 04 of 2020 announced on Saturday abolishes Federal Law No. 15 of 1972.
The decree comes as part of the UAE's efforts to expand diplomatic and commercial cooperation with Israel.
It lays out a roadmap towards launching joint cooperation, leading to bilateral relations by stimulating economic growth and promoting technological innovation.
Following the abolition of the Israel Boycott Law, individuals and companies in the UAE may enter into agreements with bodies or individuals residing in Israel or belonging to it by their nationality, in terms of commercial, financial operations, or any other dealings of any nature.
It is now permitted to enter, exchange or possess Israeli goods and products of all kinds in the UAE and trade in them.
UAE's Rashid Rover 2 heads to US for Moon mission prep
Over 500 officials to convene for UAE Government Annual Meetings
H.H. Sheikh Mohammed shares message of pride, unity on Flag Day
UAE President marks Flag Day with special tribute to retired service personnel
UAE, US partner to enhance collaboration in energy and AI
Light rain forecast for parts of UAE
Mohammed bin Rashid Al Maktoum Global Initiatives resumes food aid to Gaza
DoH launches Future Health Initiative
