Uae Sign Agreement With Israel

The parties reaffirm their common desire to promote cooperation between them as a key element in economic development and the development of closer links between human beings and cultural ties. To this end, the contracting parties facilitate the exchange of information on advertisements, published and audiovisual advertising materials and participation in tourist fairs. They also cooperate to promote joint tourism projects and packages among tour operators to promote tourism from third countries. They are working on reciprocal study trips to increase knowledge about the development, management and commercialization of cultural heritage, cultural and rural tourism, in order to diversify and deepen tourism links between them; and strive to use national marketing budgets to promote reciprocal tourism between states. Innovation, trade and economic relations. At a ceremony at the White House on September 15, Bahrain and the United Arab Emirates signed agreements to establish comprehensive diplomatic, cultural and trade relations with Israel. Following the agreement signed between the parties in Abu Dhabi on 1 September 2020, the parties are cooperating to deepen and rapidly expand bilateral investment relations and place a high priority on the conclusion of financial and investment agreements, while recognizing the key role of these agreements for the economic development of the parties and the Middle East as a whole. The parties reaffirm their commitment to protecting investors, consumers, market integrity and financial stability and maintaining all applicable regulatory standards. The parties also recognize that they should jointly promote regional economic development and trade in goods and services and strive to promote cooperation in strategic regional infrastructure projects and envisage the creation of a multilateral working group on the Tracks for Regional Peace project. The contract was signed on September 15, 2020. The treaty recognizes the sovereignty of each state, obliges the two states to exchange ambassadors and conclude bilateral agreements on various subjects, including visa agreements, and will enter into force as soon as ratification. [32] The agreement was ratified by the Israeli government on 12 October and ratified by the Knesset on 15 October.

The Islamic Revolutionary Guard Corps has warned the United Arab Emirates that it will have dangerous consequences for the agreement. Iranian President Hassan Rouhani called the agreement a “huge mistake” and warned the United Arab Emirates that Israel was not safe in the Gulf. Foreign Minister Mohammad Javad Zarif spoke of a betrayal of Arab and non-Arab countries in the Middle East. A group of protesters with less than 100 residents gathered in front of the VaE Embassy in Tehran on 15 August, chanting “Death to America” and “Death to Israel”. Protesters also burned Israel`s flag. [72] The conservative newspaper Kayhan, whose editor-in-chief is appointed by Iran`s Supreme Leader, warned that the agreement had made the United Arab Emirates a “legitimate and simple objective.” [73] The Turkish Foreign Ministry condemned the agreement and said that the history and people of the Middle East would not forgive and would not forget what the United Arab Emirates did and that it was a violation of the 2002 Arab peace initiative.