UAE sets up $10bn fund to invest in Israel ...Saudi Arabia

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Author: Thu, 2021-03-11 22:54 LONDON: The UAE has established a $10 billion fund to invest in strategic sectors in Israel, state news agency WAM reported on Thursday. The announcement came following a “constructive” phone call between Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed and Israeli Prime Minister Benjamin Netanyahu. The UAE and Israel signed a US-brokered peace agreement in September that established official relations between the two countries. “Through this fund, the UAE will invest in Israel within strategic sectors that include energy, manufacturing, water, space, health care, agricultural technology, and others,” the statement on WAM said. The fund will focus on develo

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