Over 1 million Israelis visit UAE in 3 years; bilateral trade reaches Dh20.55 billion

News Network
September 17, 2023

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Dubai, Sept 17: The number of Israeli tourists visiting the UAE surpassed the one million mark since the signing of the Abraham Accord three years ago.

According to data released by the UAE Embassy in Israel, the number of flights increased from zero to 106 per week in three years, reflecting growing economic relations.

The UAE and Israel signed the Abraham Accord in September 2020, establishing economic and political relations. Since then, the two countries have signed numerous agreements to give fillip to trade, travel, tourism and other industries, especially new-age technologies such as artificial intelligence.

The UAE also signed the Comprehensive Economic Partnership Agreement (Cepa) with Israel. It was the first free trade agreement of Israel with a Gulf country, giving greater market access for UAE products entering the Israeli market, covering more than 96 per cent of tariff lines and 99 per cent value of trade with Israel.

"The Comprehensive Economic Partnership Agreement between the UAE and Israel will serve as a major engine to strengthen economic and commercial ties between the UAE and Israel. We expect the agreement to produce significant mutual economic benefits,” said Mohamed Al Khaja, the UAE ambassador to Israel, at the signing of the customs agreement recently.

Dh20.55 billion

According to the latest figures released by the UAE Embassy in Israel on X (formerly Twitter), bilateral trade between the UAE and Israel reached $5.6 billion (Dh20.55 billion) in three years since the signing of the Abraham Accord.

The trade of goods – excluding software – between the UAE and Israel reached $ 1.29 billion in the first five months of 2023 as compared to $912.5 million in the same period last year, up more than 41 per cent.

Trade of goods between the two countries during the January-May 2023 period exceeded all trade between them in 2021, said the Embassy of Israel in the UAE.

While the number of Israeli companies operating in the UAE has surpassed 70, signing more than 120 agreements and memorandum of understanding with local entities.

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News Network
July 16,2024

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Bengaluru, Jul 16: Karnataka Deputy Chief Minister, DK Shivakumar expressed his displeasure over the Central Bureau of Investigation's (CBI) handling of his Disproportionate Assets (DA) case, stating that the agency was overstepping its limits.

Speaking to the media on Tuesday at the Vidhana Soudha in Bengaluru, Dy CM Shivakumar said, "The state government has referred the same case to the Lokayukta, which is currently investigating it. I don't understand why the CBI is going beyond its limits in their investigation."

He added, "I will meet them personally soon and convey my objections. I have done nothing wrong, and they are trying to harass many unconnected people. I'm confident that I've done nothing wrong."

When asked about Union Minister for Heavy Industries and Steel, HD Kumaraswamy's criticism over the all-party meeting on the release of Cauvery water to Tamil Nadu, Dy CM Shivakumar accused him of not taking interest in the Cauvery dispute.

He is not bothered about the interests of Karnataka, he stated.

"Kumaraswamy only makes allegations in a dramatic style. He is nursing a grudge against me and harbouring envy. He has been doing this since the beginning, which is why I'm asking him for a discussion," he stated.

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News Network
July 17,2024

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Kalaburagi, July 17: BJP leader Manikanth Rathod has been arrested in connection with theft of rice meant for Anna Bhagya scheme, police said on Wednesday.

The Shahapur police arrested Rathod from his residence in the district headquarter town of Kalaburagi.

"Manikanth has been arrested in connection with the theft of 6,077 quintals of rice worth more than Rs two crore from a government warehouse in Shahapur in Yadgir district," the sources said.

The BJP leader was summoned by the police to appear before it for questioning, which he ignored due to which he was arrested.

Rathod had contested the 2023 assembly election on the BJP ticket against Congress president Mallikarjun Kharge's son Priyank Kharge and lost.

Anna Bhagya scheme offers 10 kg food grains to each member of the family belonging to the economically weaker sections of the society every month.

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News Network
July 20,2024

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A family of four from Kerala, who had just returned to Kuwait after a vacation, died in a tragic fire at their Abbasiya residence on Friday night. The victims are Mathew Mulackal (40), wife Lini Abraham (38) and children Irin (14) and Issac (9), all hailing from Neerattupuram, Alappuzha.

The family returned to their Kuwait flat on Friday evening, after a month-long vacation in Kerala. The fire, believed to have been caused by an air conditioning unit malfunction, broke out around 9 p.m. Preliminary reports suggest that the family died from inhaling toxic fumes.

Mathew was employed with Reuters, while Lini worked as a nurse in Kuwait. They had returned from their vacation just ahead of the reopening of their children's school. 

The family had recently built a new home in Kerala, which was completed a year ago. During their vacation, they visited the house for a blessing ceremony but couldn't stay long due to their return schedule.

Fire brigade and police have launched an investigation. The Indian Ambassador in Kuwait, along with Union Ministers, are taking measures to repatriate the bodies to India. 

"Embassy @indembkwt expresses its deepest condolences on the tragic demise of Mr Mathews Mulackal, his wife and 2 children due to fire in his flat in Abassiya yesterday night," the Indian Embassy in Kuwait said in a post on X.

"Embassy is in touch with his family and will ensure early repatriation of mortal remains," it added. Mathews Mulackal is survived by his mother and three siblings.

"Mathew has been working there for the past 15 years. His wife is a nurse. The children are studying there. They left after their vacation on Thursday night from Nedumbassery and reached Kuwait on Friday," a relative told the media on Saturday.

Notably, this happened more than a month after a massive blaze at a building in Kuwait killed 46 Indian nations. Authorities say an electrical short circuit in the room of the guard on the ground floor of the building caused the blaze. Of the 196 residents in the housing facility, 175 are Indians, 11 are Filipinos and the rest are from Thailand, Pakistan and Egypt.

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