UAE announces $10 billion Israel investment fund ...Kuwait

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UAE announces $10 billion Israel investment fund
source : The New Arab ( Kuwait ) () 8
A $10 billion investment fund has been set up by the United Arab Emirates to bolster ties with its new Israeli ally, despite widespread Palestinian condemnation of the move. The United Arab Emirates on Thursday announced it was setting up a $10 billion investment fund aimed at strategic sectors in Israel, with whom it normalised ties last year. The decision, the UAE official news agency WAM said, was taken following a "constructive" phone call between Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed and Israeli Prime Minister Benjamin Netanyahu. Through the $10 billion fund the UAE "will invest in and alongside Israel, across sectors including energy manufacturing, water, space, healthcare

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