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8/29, 11:27 AM (Source: TeleTrader)
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UAE ends Israel boycott

Ruler of the United Arab Emirates Sheikh Khalifa bin Zayed Al Nahyan issued on Saturday a decree abolishing the country's boycott of Israel, the state Emirates News Agency confirmed on Saturday.

The decree will allow businesses and individuals from the UAE to make commercial and financial agreements with their Israeli counterparts as well as to operate in Israel. Israeli entities will also be permitted to conduct business activities in the UAE.

The move comes after both sides agreed to sign the peace agreement, with the help and supervision of the United States.

Breaking the News / JR