The United Arab Emirates (UAE) on Wednesday turned into the primary Gulf state to open an international safe haven in Israel, as its agent hailed the trade and speculation openings that nearer ties would bring at a banner raising function likewise went to by Israel’s leader.

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United by shared disquiet about Iran, the UAE and Bahrain standardized relations with Israel last year under the “Abraham Accords” created by the organization of then-US president Donald Trump. Sudan and Morocco have since likewise moved to build up attaches with Israel.

The launch of the UAE consulate, which is arranged in the Tel Aviv Stock Exchange, followed the initiation of Israel’s government office in the UAE last month. Israeli President Isaac Herzog called the launch of the government office “an important achievement in our excursion towards the future, harmony thriving and security” for the Middle East.

In the UAE last month to inaugurate Israel’s brief international safe haven in Abu Dhabi and department in Dubai, Israeli Foreign Minister Yair Lapid said reciprocal trade since standardization surpassed $675 million and he anticipated more arrangements.

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The provincial rapprochement has been regretted by the Palestinians, who need their requests for statehood liberated from Israeli occupation tended to first. The UAE has said last year’s US-handled agreements, which tested a decades-old loyalty to Palestinian desires as a significant driver of Arab strategy, would eventually profit the Palestinians.

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