The US has ended its financial support for the Abraham Fund indefinitely, according to sources who spoke with Israeli media outlet Globes. The cancellation of the fund by the Biden administration comes at a time when the United Arab Emirates is seeking to strengthen economic ties with Israel through multi-billion dollar investments. The Abraham Fund was established after the signing of the Abraham Accords in September 2020, and was designed to pump over $3 billion in to the development investment market and promote economic cooperation in the region. By October 2020, the Abraham Fund was operating and reviewed hundreds of requests for financial support. Among the
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