Allowing trade and financial agreements between the United Arab Emirates and Israel, UAE President Khalifa bin Zayed Al Nahyan has issued a decree canceling a law on boycotting Israel.
The development comes amid the UAE’s efforts to boost diplomatic and commercial cooperation with Israel.
It lays out a roadmap toward launching joint cooperation, leading to improved bilateral relations by stimulating economic growth and promoting tech innovation.
It is to be noted here that Israel and the United Arab Emirates two weeks ago have agreed to establish full diplomatic ties in a historic peace deal under which Israel would “suspend” its plans to annex parts of the Palestinian territories.
