Investors in Israel and the United Arab Emirates are moving to strike deals in a business environment transformed by a diplomatic breakthrough between the two countries.
Last week’s surprise move by the U.A.E. to normalize relations with Israel in a U.S.-backed shift paves the way for establishing direct flights, opening telecommunications links, exploring joint ventures and, in some cases, bringing commerce that has long been underground into the open. The change has the potential to warm ties between Israel and the Arab…