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After normalising ties over one year ago, Israel and the UAE signed a free trade agreement on Tuesday, the first major agreement between Israel and an Arab state since the Abraham Accords.
Israel will reportedly put in place financial guarantees for Israeli airlines that continue to fly into Russia, in breach of international sanctions.
![Israel UAE flags [Getty]](/sites/default/files/styles/large_16_9/public/media/images/BE70A676-1374-4B2A-B2AB-A1049814BEFD.jpg?h=d1cb525d&itok=UpYL_1RD "Israel UAE flags [Getty]")
Trade between Israel and Dubai has surged to $700 million since normalisation, with diamonds being one of the most commonly dealt commodities.
Israel has just over two weeks to give final approval to the 2021-22 state budget to avoid snap elections being triggered.
Despite Israel saying it will issue 3,000 new work permits for Palestinian workers from Gaza, the crushing illegal siege of the Strip remains.
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.
Despite not having a background in investment, ex-head of Mossad Yossi Cohen will head investment giant Softbank's new office in Israel.
Around 95,000 families will be given $100 each, according to Qatar's Gaza Reconstruction Committee chief Mohammed Al-Emadi
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.