UAE CANCELS ISRAEL BOYCOTT, ALLOWS ECONOMIC AGREEMENTS

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Sat 29 August 2020:

The president of the United Arab Emirates has issued a decree cancelling a law on boycotting Israel and allowing trade and financial agreements between the two countries, the UAE official news agency WAM reported on Saturday.

The removal of the boycott law means that UAE businesses and individuals are now allowed to sign commercial and financial agreements with their Israeli counterparts. Israelis and Israeli businesses are also now allowed to do business in the UAE.

The decree was issued by UAE ruler Sheikh Khalifa bin Zayed Al Nahyan via the official Emirates News Agency (WAM) on Saturday.

The two countries agreed to normalize ties this month, with the UAE opening up diplomatic and commercial relations with Israel in exchange for the Israeli government halting its annexation of Palestinian land.

According to an online flight timetable for Israel’s Ben Gurion Airport, Israel’s El Al Airlines is set to fly the first ever commercial flight to the UAE on Monday.

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