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Saturday, 29 August 2020 03:29 PM
The most important of which is investment in oil and tourism ... Observers reveal the economic fruits of the Emirati peace with Israel
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Economic and political fruits are expected to be reaped as a result of the peace treaty between [You must be registered and logged in to see this link.] Emirates for the two countries, especially since both countries affected their economies after the spread of the new Corona epidemic.
Agreements behind the treaty
As with any treaty, there are agreements between the two countries, a variety of fields between oil, tourism and technology, which will have positive economic results for both countries.
The UAE will be the first Gulf country able to do business openly with [You must be registered and logged in to see this link.] which in turn will be able to enter Dubai and Abu Dhabi, which are attracting global funds and investments.
While [You must be registered and logged in to see this link.] focus may focus mainly on the oil wealth of the Gulf state, the UAE appears ready to invest heavily in the [You must be registered and logged in to see this link.] and technology sectors , according to observers.
Oil and Tourism
In special statements published by "France Press", "Ellen R. Wald", a researcher at the World Energy Center of the Atlantic Council Institute, says that the agreement between the UAE and Israel could help turn the economic affairs of the two countries.
Wald explained: [You must be registered and logged in to see this link.] will benefit a lot if it can buy Emirati oil, and the UAE will benefit as it will be able to sell to an avid customer.
And she continued: The UAE is looking to benefit from Israeli [You must be registered and logged in to see this link.] and become a communication site for Israeli trips, while [You must be registered and logged in to see this link.] reaps the benefits of the flow of investment and attracting Emirati students.
Other features
According to Forbes, nearly half of the 9 million Israelis traveled abroad in 2017.
In the mixed port city of Haifa in northern Israel, the Mirage Tours office began promoting trips to Dubai, laying out the image of the wealthy city and writing in English "Dubai Soon."
The owner of the [You must be registered and logged in to see this link.] office [You must be registered and logged in to see this link.] "George Muhashim", told "AFP" that the UAE is an attractive country for tourism, as the hotels and their published photos made people accept them.
He added, I receive many calls from Arabs and Jews. The Jews are very popular and ask me to register them for the first trip.
The size of investments
In the same context, Israeli Channel 12 reported during the past days that the Ministry of Economy estimated that exports to the UAE could reach between 300 and 500 million dollars annually, and it is expected that the UAE's investments in [You must be registered and logged in to see this link.] reach 350 million dollars annually.
The channel stated that the areas that are expected to achieve the largest gains are electronic industries, medical equipment, financial technology and communications.
According to a report by "CNN", "Chenesia Bianco", a researcher at the "European Council on Foreign Relations" Institute, believes that the Emiratis are impressed by the Israeli competitive advantage and knowledge expertise in the Internet and high-tech sectors.
[You must be registered and logged in to see this link.]
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Economic and political fruits are expected to be reaped as a result of the peace treaty between [You must be registered and logged in to see this link.] Emirates for the two countries, especially since both countries affected their economies after the spread of the new Corona epidemic.
Agreements behind the treaty
As with any treaty, there are agreements between the two countries, a variety of fields between oil, tourism and technology, which will have positive economic results for both countries.
The UAE will be the first Gulf country able to do business openly with [You must be registered and logged in to see this link.] which in turn will be able to enter Dubai and Abu Dhabi, which are attracting global funds and investments.
While [You must be registered and logged in to see this link.] focus may focus mainly on the oil wealth of the Gulf state, the UAE appears ready to invest heavily in the [You must be registered and logged in to see this link.] and technology sectors , according to observers.
Oil and Tourism
In special statements published by "France Press", "Ellen R. Wald", a researcher at the World Energy Center of the Atlantic Council Institute, says that the agreement between the UAE and Israel could help turn the economic affairs of the two countries.
Wald explained: [You must be registered and logged in to see this link.] will benefit a lot if it can buy Emirati oil, and the UAE will benefit as it will be able to sell to an avid customer.
And she continued: The UAE is looking to benefit from Israeli [You must be registered and logged in to see this link.] and become a communication site for Israeli trips, while [You must be registered and logged in to see this link.] reaps the benefits of the flow of investment and attracting Emirati students.
Other features
According to Forbes, nearly half of the 9 million Israelis traveled abroad in 2017.
In the mixed port city of Haifa in northern Israel, the Mirage Tours office began promoting trips to Dubai, laying out the image of the wealthy city and writing in English "Dubai Soon."
The owner of the [You must be registered and logged in to see this link.] office [You must be registered and logged in to see this link.] "George Muhashim", told "AFP" that the UAE is an attractive country for tourism, as the hotels and their published photos made people accept them.
He added, I receive many calls from Arabs and Jews. The Jews are very popular and ask me to register them for the first trip.
The size of investments
In the same context, Israeli Channel 12 reported during the past days that the Ministry of Economy estimated that exports to the UAE could reach between 300 and 500 million dollars annually, and it is expected that the UAE's investments in [You must be registered and logged in to see this link.] reach 350 million dollars annually.
The channel stated that the areas that are expected to achieve the largest gains are electronic industries, medical equipment, financial technology and communications.
According to a report by "CNN", "Chenesia Bianco", a researcher at the "European Council on Foreign Relations" Institute, believes that the Emiratis are impressed by the Israeli competitive advantage and knowledge expertise in the Internet and high-tech sectors.
[You must be registered and logged in to see this link.]
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