From oil to tourism to cutting-edge technologies, the United Arab Emirates and Israel hope to benefit from the ripple effect of their 'historic' agreement.
normalization dealFrom oil to tourism to cutting-edge technologies, the two countries hope to benefit from the ripple effect of their"historic" agreement to be signed in 3 weeks time.
Economically,"Israel and the UAE should benefit from this new relationship tremendously," says Ellen R. Wald, a senior fellow at the Atlantic Council's Global Energy Center. Israel wants to attract business for its tourism industry, especially in the Mediterranean metropolis of Tel Aviv, and to attract Muslim visitors to Jerusalem's Al-Aqsa mosque compound, Islam's 3rd holiest site.
"I get a lot of calls from Arabs and Jews and there're many Jews who ask me for a seat when there is a first flight," said owner George Muhashim. Over the past 20 years, the Israeli foreign ministry has helped"more than 500 Israeli companies who wanted to do business with companies in the Gulf states, resulting in deals worth millions of dollars," an official in Jerusalem said, on condition of anonymity.
Small Israeli start-up Bo&Bo Ltd had for two years been trying to distribute its advanced physiotherapy equipment in the UAE through third parties.
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