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Even before Israel and two Gulf monarchies signed their historic agreements to normalize relations, Israeli companies and establishments began to enter the newly opened market of the United Arab Emirates.
Trump’s leadership welcomes the signing of standardization agreements between Israel and two Persian Gulf states, Bahrain and the United Arab Emirates, on Tuesday, September 15, but Israeli corporations have advanced to lay the groundwork for industrial relations.
Hapoalim Bank and Emirates NDB, the largest banks in Israel and Dubai, announced on Monday that they had signed a cooperation agreement, a key first step in enabling direct trade. Israel’s big dogs (high-tech companies, banks and defense contractors) have already done so. flocked to Dubai and Abu Dhabi in recent weeks.
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The flag of the United Arab Emirates is displayed in lighting fixtures in the look of building the city corridor in Tel Aviv.
U. S. President Donald Trump announced the next Israel-U. S. But it’s not the first time On 13 August and 29 days later, Bahrain said he would also identify as a diplomat with Israel. Prime Minister Benjamin Netanyahu has touted these agreements as “peace for peace,” but unlike Israel’s 1979 and 1994 peace agreements with Egypt and Jordan, the Jews state have never been at war with those Arab states.
Israel and the Gulf monarchies have maintained for years security, intelligence and clandestine trade relations, fueled by mutual distrust of Iran. Israeli defense contractors and cybersecurity companies have been operating radar in the Gulf for years.
Israeli cybersecurity company NSO, whose Pegasus spy software is connected to human rights violations that oppose dissidents and journalists, is widely used through operators in the United Arab Emirates, Bahrain and Saudi Arabia, according to a 2018 CitizenLab report. Drone manufacturer Aeronautics Ltd. provided surveillance drones to the UAE.
The standardization agreement is expected to turn this network of clandestine defense agreements into a torrent.
“They want Israeli technologies. They want Israeli security cooperation. They don’t like to do it under this kind of limited formula that has been allowed through secret relationships,” said Haim Tomer, a former Mossad official who cares about Israel’s clandestine relations with the Gulf of. 2011 to 2014. ” They would like to open up, and I would say expand their appointments and get more of the culmination of security and more of the strategic cooperation forces than this kind of alliance can simply support. “
Shortly after the agreement announced in Washington last month, Israeli-Israeli emirs and businesses rushed to signal cooperation agreements. The Weizmann Institute of Science on Monday marked the first educational agreement with Mohamed bin Zayed Artificial Intelligence University in the United Arab Emirates. This month, the Israeli and Emirati governments signed initial banking and monetary agreements to pave the way for economic cooperation.
Israel and the United Arab Emirates have two of the largest GDP in line with Middle Eastern capital. Israel’s burgeoning high-tech sector and fertile start-up ecosystem can gain great advantages from the large amount of venture capital in the Emirates and Bahrain.
The hope of investment and Emirati consumers attracts a wide range of Israeli start-ups and businesses, such as Israeli camel milk cosmetics company Cammellatte, which will broaden their horizons.
“We’ve been to Dubai in the past,” Cammellatte co-founder Mark Green said. But the lack of formal relations between Israel and the United Arab Emirates has made the stage difficult. “Consumers there are very familiar with camel milk. “
Viktoria and Mark Green of Cammellatte Cosmetics at the Negev in Israel plan to expand their camel milk cosmetics in the United Arab Emirates.
In one of the maximum turns, Israeli media reported that a Dubai businessman was interested in making an investment in Beitar Jerusalem, a football team whose base of stalwart fans is notoriously ultranationalist and anti-Arab.
Image by Getty Images
The flag of the United Arab Emirates is displayed in lighting fixtures in the look of building the city corridor in Tel Aviv.
Several organizations emerged last month to cultivate fundamental links between corporations in Israel and the Gulf. Robert Curtis, co-founder of the new Israel-UAE business network, said his network of more than 2,000 contacts in Israel and the United Arab Emirates seeks to “allow local businesses to grow because we have already realized corporations. Start having conversations. “
Smaller Israeli corporations, from agricultural generation, sustainable energy and monetary generation corporations to the camel milk cosmetics producer, are taking the first steps to enter the UAE market and connect the network with investors.
“There’s a lot of interest, awareness and concepts and all sorts of people coming out of the carpentry,” Curtis said. “That’s how we make peace, through business. “
Although recently hampered by restrictions imposed by the coronavirus outbreak, Israeli tourism in the Gulf is expected to eventually explode. In the immediate aftermath of the Israeli-Emirian announcement, the Israeli media was saturated with dazzling television reports about Dubai’s luxury hotels and high-end boutiques attracting Israelis. tourists.
Visa agreements and direct flights have yet to be finalized, but within hours of the announcement of the agreement between Israel and the United Arab Emirates, a [Hebrew Facebook page (hhttps: //www. facebook. com/% D7% 90% D7% 99-% D7% 9C% D7% D7% 9E% D7% 98% D7% 99% D7% 9% D7% 9% C -% D7% 94% D7% 99% D7% A9% D7% A8% D7% 90% D7% 9C% D7% 99-Dubai-para-el-israeli-100784391749389 /?Ref – nf
“There’s a lot of interest, even if there’s no chance of flying there right now because of the coronavirus and visas,” said Tal Stern, one of the page directors and head of an Israeli website. “It’s a destiny that definitely will,” is the Las Vegas of the region, with a little less sin. “
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