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The US Treasury imposed sanctions on Dan Gertler and more than 30 of his businesses in December 2017 and June 2018, accusing him of leveraging his friendship with former Congo President Joseph Kabila to secure lucrative mining deals.
Almost one year after the UAE formally recognised Israel, the Gulf state said it is looking to expand trade with the Jewish state to more than $1 trillion over the next decade.
On Sunday, a senior Palestinian official said that the Palestinian government may face a severe financial crisis for the next six months due to the lack of international aid and Israel's withholding of tax revenue.
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.