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
September 9,2023

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A rare, powerful earthquake that struck Morocco late Friday night, killing hundreds of people and damaging historic buildings, was "exceptional", according to an expert. According to latest reports at least 632 people died and 329 were injured in the quake.

Residents of Marrakech, the nearest big city to the epicentre, said some buildings had collapsed in the old city, a UNESCO World Heritage site, and local television showed pictures of a fallen mosque minaret with rubble lying on smashed cars.

Earthquakes are relatively rare in North Africa. Speaking to Moroccan news network 2M TV, Lahcen Mhanni, Head of the Seismic Monitoring and Warning Department at the National Institute of Geophysics, said, "Mountainous regions in general do not produce earthquakes of this size,” he said. "It is the strongest earthquake recorded in the region.”

In 1960, a magnitude 5.8 tremor struck near the Moroccan city of Agadir and caused thousands of deaths. The Agadir quake prompted changes in construction rules in Morocco, but many buildings, especially rural homes, are not built to withstand such tremors.

Shallow quakes more dangerous

The US Geological Survey said the quake had a preliminary magnitude of 6.8 when it hit at 11.11pm (3.11am UAE time), with shaking that lasted several seconds. The US agency reported a magnitude-4.9 aftershock hit 19 minutes later.

The USGS said the epicentre was 18 kilometres below the Earth’s surface, while Morocco’s seismic agency put it at 8 kilometres down. In either case, such shallow quakes are more dangerous.

The epicentre of Friday's tremor was high in the Atlas Mountains, roughly 70 kilometres south of Marrakech. It was also near Toubkal, the highest peak in North Africa and Oukaimeden, a popular Moroccan ski resort.

The quake was felt as far away as Portugal and Algeria, according to the Portuguese Institute for Sea and Atmosphere and Algeria's Civil Defense agency, which oversees emergency response.

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News Network
September 20,2023

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United Nations, Sept 20: Turkish President Recep Tayyip Erdogan raised the issue of Kashmir during his address to world leaders at the high-level 78th session of the UN General Assembly session.

"Another development that will pave the way for regional peace, stability and prosperity in South Asia will be the establishment of a just and lasting peace in Kashmir through dialogue and cooperation between India and Pakistan,” Erdogan said in his address to the General Debate Tuesday.

"As Turkiye, we will continue to support the steps to be taken in this direction,” he said.

His comment comes weeks after he met Prime Minister Narendra Modi on the sidelines of the G20 Summit in New Delhi during which both the leaders discussed strengthening trade and infrastructure relations.

Erdogan said it was a matter of pride that India was playing a role at the United Nations Security Council. He said he favoured making five permanent and 15 'temporary' members as permanent members of the UN Security Council.

"Those 20 (5+15) should be permanent members of the UNSC in rotation. But as you know, the world is bigger than five. When we say the world is larger than five, what we mean is that it's not only about the US, UK, France, China and Russia," he said.

In recent years, the Turkish leader has referred to the issue of Kashmir in his address to world leaders at the high-level UN General Assembly session.

Last year, Erdogan raked up the issue of Kashmir during his address to world leaders at the high-level UN General Assembly session here.

“India and Pakistan, after having established their sovereignty and independence 75 years ago, they still haven't established peace and solidarity between one another. This is much unfortunate. We hope and pray that a fair and permanent peace and prosperity will be established in Kashmir,” Erdogan had said.

In 2020, Erdogan in his pre-recorded video statement to the General Debate had made a reference to Jammu and Kashmir. India had at that time termed it as “completely unacceptable”, saying Turkey should learn to respect the sovereignty of other nations and reflect on its own policies more deeply.

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News Network
September 18,2023

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Dubai, Sept 18: The UAE has announced the official paid holiday to mark the birthday of Prophet Muhammad (Peace be upon him).

Federal government employees will get a day off on Friday, September 29, to mark the occasion.

Since most government employees get Saturday-Sunday off, the holiday translates into a three-day weekend for them. Private sector employees will get Friday off as well since the UAE Cabinet grants the same number of leaves to workers of both private and public sectors.

This would be the last long weekend in the UAE, as the National Day holidays fall on December 2 and 3 — Saturday and Sunday.

This year, residents enjoyed multiple long weekends, including a six-day break to mark Islamic holiday Eid Al Adha and a four-day one for Eid Al Fitr.

Though the official holidays for 2024 are yet to be announced, residents are likely to get a six-day break to mark Eid Al Fitr and a five-day weekend for Eid Al Adha.

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