Israel, UAE sign first agreement on investment, financial services

Al-Monitor Staff

Sep 1, 2020

This picture taken on September 1, 2020 in Jerusalem shows the front pages of Israeli and Palestinian newspapers with images of the US-Israeli delegation arriving to Abu Dhabi on the first commercial flight from Tel Aviv to mark the normalisation of ties between the Jewish state and the UAE. (Photo by MENAHEM KAHANA / AFP) (Photo by MENAHEM KAHANA/AFP via Getty Images) — This picture taken on Sept. 1, 2020, in Jerusalem shows the front pages of Israeli and Palestinian newspapers with images of the US-Israeli delegation arriving to Abu Dhabi on the first commercial flight from Tel Aviv to mark the normalization of ties between the Jewish state and the UAE. — MENAHEM KAHANA/AFP via Getty Images

On the heels of their historic deal to normalize relations, Israel and the United Arab Emirates have set up a joint body to collaborate on financial services and investments, Prime Minister Benjamin Netanyahu said Tuesday.

The Israeli-Emirati committee will discuss “advancing cooperation in financial services and lowering financial impediments to making investments between the countries and promoting joint investments in the capital markets.”