We are witnessing history in the making between Israel and UAE

 

 

Economists agree that the Abraham Accords will lead to a substantial increase in trade between Israel and the UAE
“Some of the MOUs [memorandum of understanding, or outline agreements] signed [between the two countries] include those in agriculture, clean energy, cybersecurity and smart cities,” says Ms Sharma.
“A free trade agreement was also signed between the two countries in early 2022 that has led to the removal of tariffs on 96% of goods traded between the nations.”
Israel is already said to have broken records in arms sales following the Abraham Accords. According to the Israeli Ministry of Defence, arms sales in 2021 peaked at $11.3bn, with 7% of those going to the UAE and Bahrain.


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