Dubai signs strategic agreement with Tel Aviv to foster economic cooperation

@DXBMediaOffice/ Twitter

Dubai Chamber of Commerce and Industry has signed an agreement with Tel Aviv Chamber of Commerce to explore business opportunities and strengthen bilateral cooperation.

The two sides will produce a joint study to identify sectors of mutual interest and create a roadmap of virtual events.

They will also come up with plans to host a joint business forum and support new businesses and startups.

Other aspects of the partnership will focus on programmes in areas such as research, networking, arbitration, education, training, women-in-business, sustainability and advocacy.

The agreement between the two sides is part of a broader engagement between the UAE and Israel to further peace, dialogue and stability and promote sustainable development.

It is expected to benefit the public and private sector across the Middle East region by opening the door for cross-border collaboration across economic fields.

H.E. Hamad Buamim, President & CEO of Dubai Chamber, described the agreement as an important development that will build new bridges between the two business communities and establish a framework for bilateral economic cooperation and mutually-beneficial partnerships.

"It will build cooperation for two-way trade in areas, such as high-tech, tourism, aviation, investment and real estate, and more specifically, cyber, clean-tech, irrigation, ag-tech, digital health care, and much more. Both economies will greatly benefit," said Adv. Uriel Lynn, President of the Federation of Israeli Chambers of Commerce and Tel Aviv Chamber of Commerce.

More from Business

Coming Up on Dubai Eye

  • The Business Breakfast

    6:00am - 11:00am

    The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.

  • Lunch with Lloyd

    11:00am - 2:00pm

    No one knows entertainment better than veteran Dubai broadcaster Mark Lloyd.


On Dubai Eye

  • Meet Gift, female food delivery driver

    Gift came here from Nigeria and failed to find a job, until a pizza company offered her one. She's now one of the very few female delivery drivers in the UAE.


    Farmer's Kitchen is back for 2021!
    With our partners Spinneys, we are going to help you wave goodbye to boring dinners, cluttered fridges, and lumpy leftovers!