The UAE inaugurates its embassy to Israel in Tel Aviv’s new stock exchange building
The United Arab Emirates UAE inaugurates an embassy in Israel on Wednesday, housed in a new stock exchange in Tel Aviv, in a recent step towards normalization under an agreement reached by Washington last year. The heartland of the Israeli financial region has highlighted the vital role played by economic cooperation since the UAE became the only third-largest Arab country to adopt a Jewish state.
At the ceremony, attended by the new Israeli President Isaac Herzog, the Emirati ambassador Mohamed al-Khaja called on the ambassador to open up “an important milestone in the growing relations between our two countries.” “The UAE and Israel are both nations that are innovating, and we can use this art to work for a more prosperous and sustainable future for our countries and our region,” he said.
Breaking with Arab harmony
Herzog involved the “historic agreement” with the UAE to enlarge nations seeking peace with Israel. “Israel and the UAE have signed dozens of treaties – from tourism to aviation to financial services since the establishment of reconciliation as part of the Abrahamic treaties broken by US President Donald Trump’s administration.
Wednesday’s event, held at a two-story exchange floor below the embassy, came after Israeli Foreign Minister Jair Lapid visited the UAE last month, opened the consulate in Abu Dhabi and Dubai.
The Palestinians were enraged by the UAE’s decision to establish relations with Israel, which violated decades of Arab harmony. There would be no compromise of peace without permanent and lasting peace between Israel and the Palestinians. Following the UAE agreement, Israel made good relations with Bahrain, Morocco, and Sudan, which also sparked Palestinian protests. But Israel and the UAE want to emphasize the economic divisions that are commonly offered.
Lapid notify last month in Emirati media that bilateral trade had reached more than $675.22 million as long as the signing of the Abrahamic Agreements in September 2020.The Israeli agreement on normalcy was agreed upon under former Prime Minister Benjamin Netanyahu. Lapid was the architect of a coalition that ousted Netanyahu last month but, together with Prime Minister Naphtali Bennett, promised to uphold Netanyahu’s policy of pursuing deeper relations in the Arab world.
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