The UAE and Israel are in talks to advance economic cooperation and increase direct flights between the two countries.
This comes after non-oil trade between the two nations amounted to $700 million dollars during the first year following the signing of the Abraham Accords Peace Agreement.
The talks were held between Dr. Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and SMEs, and the Israeli Tourism Minister Yoel Razvozov.
"The UAE-Israeli relations are steadily growing and we're determined to further develop them over the coming period," Al Falasi said, noting that Expo 2020 Dubai represents a valuable opportunity for the Israeli businesses to benefit from the opportunities up for grabs during the global fair.
Despite the movement restrictions associated with the pandemic, around 250,000 Israeli tourists visited the UAE over the past period.
The growth of business opportunities across priority sectors are also being considered an essential move in the advancement.
ADNOC Distribution has reported a net profit growing by 15.6 per cent year-on-year to $579 million in the first nine months, with an EBITDA increase of 12 per cent to $885 million, its strongest performance since listing in 2017.
TECOM Group has announced a 20 per cent revenue growth reaching more than AED 2.1 billion, with a net profit exceeding AED 1.1 billion, marking an 18 per cent year-on-year increase.
The Dubai Financial Market (DFM) has announced its consolidated financial results for the nine months ending September 30, reporting a net profit before tax of AED 930.8 million, an increase of 212 per cent compared to the same period in 2024.
DMCC — Dubai’s leading international business district — has announced plans to create a new Financial Centre that will anchor trade finance, fintech innovation and digital asset solutions across its 26,000-member community.
The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.15 per cent to 3.90 per cent, effective from Thursday, October 30.
The UAE has launched an urgent humanitarian mission to assist communities affected by Hurricane Melissa, which devastated parts of Jamaica, Haiti and Cuba.
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, looked at ways to advance cooperation with South Korea in key sectors during talks with President Lee Jae-myung in Gyeongju.