UAE signs economic cooperation deal with Israel ...Kuwait

News by : (The New Arab) -
The UAE and Israel will look to expand mutual investment and manufacturing under a deal signed on Wednesday between the Ras Al Khaimah Economic Zone (RAKEZ) and the Israeli Manufacturers Association (IMA), the UAE's WAM state news agency reported. The Memorandum of Understanding (MoU) calls for the two sides to collaborate to create investment opportunities and expand the operations of industrial companies, WAM reported. The UAE and Israel agreed to normalise relations in August 2020 as part of the Abraham Accords, with each ratifying the plan in October of that year. "It is imperative that we move forward towards enhancing the level of cooperation between the UAE and

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