(VOVWORLD) - UAE President Khalifa bin Zayed Al Nahyan has abolished a law banning dealings with Israel as part of ongoing efforts to normalise relations between the countries.
 Frags of Israel and the UAE (C) in Netanya, Israel (Photo taken on August 16, 2020 - AFP/VNA) |
The decision to remove the Israel Boycott Law will allow people and companies in the UAE to enter into agreements with bodies or people living in Israel or belonging to it by nationality as part of commercial or financial operations.
The UAE is the third country in the Arab world to normalize relations with Israel, after Egypt and Jordan.
The Palestinian authority and some Arab countries have rejected the US-brokered agreement to normalize ties between the UAE and Israel. The deal was announced on August 13.