UAE, Israel issue joint statement highlighting next steps


Both UAE and Israel said that they're continuing to work on a Comprehensive Economic Partnership Agreement to enhance trade between the two countries.

That's according to a joint statement issued after Israeli Prime Minister Naftali Bennett made an official visit to the UAE.

A partnership agreement will promote trade by offering incentives to dealers, creating new investment opportunities, and mutually raising the trade value between two countries.

UAE and Israel previously held official talks to develop such an agreement.

In addition to the economic collaboration, the leaders discussed a variety of economic and civic issues in which there has been significant progress in the past year, including private and public sector cooperation in R&D, technology, food security, climate, water, energy, environment, health and tourism.

A joint development fund was also announced to tackle climate change and desertification. Commercialising solutions to these challenges are in the works.

These deals are being built on the foundations of interfaith tolerance and the increased development of ties between residents of the two countries.

More from Local

Coming Up on Dubai Eye

  • Extra Time

    7:00pm - 8:00pm

    Chris & Robbie bring you the latest from the sporting world plus interviews with upcoming and legendary sporting stars.

  • The Night Shift with Mark Lloyd

    8:00pm - 11:00pm

    Musicians and music, entertainers and entertainment, industry gossip and songs selected by you, get ready to bring your night time to life! Every evening from eight, Mark Lloyd brings you an energetic mix of local and international content and contests, featuring an array of celebrity interviews and entertaining anecdotes. Get involved in the show and pick your favourite jukebox hits, every night from 8pm - 11pm.


On Dubai Eye

  • Flying Taxis

    It sounds like an episode of The Jetsons, but the sight of flying taxis whizzing around our cities could be much closer than you think.

  • Tough penalties for deliberate tax evasion

    The UAE has said that tougher penalties will come into force from 1st August for not keeping proper corporate tax records.