Aug 29, 2020
Abu Dhabi: The United Arab Emirates (UAE) on Saturday issued a decree to formally end its boycott of Israel amid the US-brokered peace deal to normalize relations between the two countries.
The Decree comes as part of the UAE’s efforts to expand diplomatic and commercial cooperation with Israel, and by laying out a roadmap towards launching joint cooperation, leading to bilateral relations by stimulating economic growth and promoting technological innovation, Gulf News reported citing the state-run WAM news agency as saying.
It added that the move was made on the orders of Sheikh Khalifa bin Zayed Al Nahyan, the ruler of Abu Dhabi and the Emirates’ leader.
“Following the abolition of the Israel Boycott Law, individuals and companies in the UAE may enter into agreements with bodies or individuals residing in Israel or belonging to it by their nationality, in terms of commercial, financial operations, or any other dealings of any nature,” the report said.
Based on the decree, it will be permissible to enter, exchange or possess Israeli goods and products of all kinds in the UAE and trade in them.
Saturday’s development comes after Israel and the UAE on August 13 reached a historic agreement, brokered by US President Donald Trump, to work towards a “full normalization of relations”.
As part of the agreement, Israel will suspend the annexation of Palestinian lands in the occupied West Bank, while it focuses on expanding ties with other Arab countries with other nations in the Muslim world.
The UAE and Israel will also immediately expand and accelerate cooperation regarding the treatment of and the development of a vaccine for coronavirus.
According to reports, this is the first peace treaty between Israel and an Arab country in 25 years.IANS
Bangladesh erupts in protest after trader lynched in Dhaka
Dhaka: Protests have erupted across multiple college campuses and streets of Bangladesh's capital, Dhaka, following the brutal killing of a scrap metal trader, Lal Chand alias Sohag, in broad daylight...
ISRO inches close to Gaganyaan mission with successful development of key engine
New Delhi: The Indian Space Research Organisation (ISRO) has taken a step closer to the Gaganyaan Mission with the successful development of a key engine. The two hot tests conducted,...
Unitech scam deepens: ED files SPC, traces global money trail and benami assets
New Delhi: The Directorate of Enforcement (ED) has filed a second Supplementary Prosecution Complaint (SPC) before the Special Court (PMLA), in the ongoing investigation against Unitech Limited and its promoters....
Shiv Sena-UBT leader Sanjay Raut shares video of Maha minister Sanjay Shirsat with bag full of cash
Mumbai: A political row has erupted in Maharashtra after a video was shared on Friday on social media by Shiv Sena-UBT MP Sanjay Raut, who levelled serious allegations against Shiv...
NSA Doval debunks distorted foreign reportage on ‘Operation Sindoor’
New Delhi: National Security Advisor (NSA) Ajit Doval on Friday delivered a sharp rebuke at the distorted reportage of 'Operation Sindoor', by the foreign media and also dared it to...
Calcutta HC seeks report from Union Home Ministry on charges of migrant workers from Bengal in Delhi being deported to Dhaka
Kolkata : A Division Bench of the Calcutta High Court, on Friday, directed the Union Home Ministry to submit to the court a report on allegations that some migrant workers...
Canada will defend its workers, businesses: PM Carney responds to Trump’s tariff threat
Ottawa: Canadian Prime Minister Mark Carney on Friday reaffirmed his government’s commitment to defend the country’s workers and businesses in face of the US President Donald Trumps’ proposed 35 per...
Netanyahu says Israel ready to discuss permanent Gaza ceasefire if Hamas disarms
Jerusalem:Israeli Prime Minister Benjamin Netanyahu said that Israel is prepared to negotiate a permanent ceasefire in Gaza during a proposed 60-day truce, but only if the territory is fully demilitarised....
Gujarat: Death toll in Vadodara bridge collapse rises to 18, two missing
Vadodara: The death toll in the building collapse in Gujarat's Vadodara has risen to 18, while two people are still missing. After the tragic collapse of the 40-year-old Gambhira Bridge...
Gurugram: Tennis player shot dead by father who wanted her to shut down sports academy
Gurugram: In a shocking incident, a national-level tennis player was shot dead by her father in their Gurugram residence on Thursday, police said. The accused, who pumped three bullets...
Longest we have felt in years: People after 4.4-magnitude quake jolts Delhi-NCR
Faridabad: After a 4.4-magnitude earthquake that jolted Haryana's Jhajjar sent strong tremors across Delhi-NCR on Thursday, fear gripped people, who described it as the "longest" quake they have felt in...
SC asks EC to consider if Aadhaar, Voter ID, Ration Cards could be used for verification in SIR
New Delhi: The Supreme Court on Thursday asked the Election Commission of India (ECI) to consider “in the interest of justice” if documents such as Aadhaar, Voter ID and Ration...
