In the Gulf region, the UAE first opened an embassy in Israel

• The UAE special envoy hailed the trade and investment opportunities that a closer relationship will bring during the flag-raising ceremony.
• The UAE Embassy is located on the Tel Aviv Stock Exchange.
• The UAE special envoy said: “We have signed important agreements in various fields, including economy, air travel, technology and culture.”

Tel Aviv: On Wednesday, the United Arab Emirates became the first Gulf country to open an embassy in Israel, as its special envoy praised the trade and investment opportunities that a closer relationship would bring during a flag-raising ceremony attended by the Israeli president.

Due to the mutual anxiety about Iran, the UAE and Bahrain normalized their relations with Israel last year in accordance with the “Abraham Agreement” formulated by the then US President Donald Trump’s administration.

Since then, Sudan and Morocco have also begun to establish relations with Israel.

The UAE Embassy in the Tel Aviv Stock Exchange was opened after the Israeli Embassy in the UAE was completed last month.

During his trip to the UAE, the top Israeli diplomat opened the first embassy in the Gulf

“Since the normalization of relations… we have seen discussions on trade and investment opportunities for the first time,” said UAE Ambassador Mohamed Al Haja after raising his national flag outside the building.

“We have signed important agreements in various fields, including economics, air travel, technology and culture.”

Israeli President Isaac Herzog called the opening of the embassy “an important milestone in our journey towards the future, peace, prosperity, and security of the Middle East.”

He said: “About a year ago, seeing the UAE flag flying proudly in Tel Aviv seemed like an unattainable dream.” “In many ways, nothing is more natural and normal.”

When the UAE held the inauguration of the temporary Israeli embassy in Abu Dhabi and the consulate in Dubai last month, Israeli Foreign Minister Yair Lapid stated that the bilateral trade volume has exceeded 6.75 since normalization. Billion dollars, he said. Expect more transactions.

The Palestinians expressed regret over regional reconciliation, and they hoped to resolve their demands on countries not occupied by Israel first.

The UAE has stated that the agreement mediated by the United States last year has challenged decades of loyalty to Palestinian ambitions as the main driving force of Arab policy and will ultimately benefit the Palestinians.