Israeli parliament backs UAE normalisation deal

Israel’s parliament voted Thursday in favour of normalisation of ties with the United Arab Emirates after a marathon debate with over 100 speeches lasting more than eight hours. A total of 80 lawmakers voted to approve the US-brokered agreement, with 13 from the Arab-led Joint List against. “This historic agreement… will bring us closer to … Read more

UAE, Israel working on double tax treaty to encourage investment

The United Arab Emirates and Israel have reached a preliminary agreement on avoiding double taxation, as part of moves to encourage investments between the two countries, the UAE finance ministry said on Thursday. Israel and the UAE signed a normalisation deal on Sept. 15, forging formal diplomatic ties. Israel ratified the deal in a cabinet … Read more