WHAT DINA THINKS: 3 Years of Abraham Accords

 

It's been three years since the signing of the Abraham Accords, introducing us to a new era of diplomatic relations between Israel, the UAE, and Bahrain, followed by Morocco and Sudan. Today, ambassadors, mayors, ministers, and business leaders from these nations reflect on the incredible strides made over the past 12 months, describing it as the "most significant yet" in our ties. But, Dina... what is this? I am Palestinian,  should I even pay attention to this? 

The real answer is...... I don't know! I'll help you define all of this news and let you decide for yourself if you should pay attention to this. Because, really, it is subjective. So, I'll leave it up to you.

Let me start by explaining what the Abraham Accords are: 

The Abraham Accords are bilateral agreements signed between Israel, the UAE, and Bahrain on September 15, 2020. It was mediated by the US, and the initial agreement focused on Israel and the UAE. A follow-up agreement was announced between Israel and Bahrain on September 11, 2020. The Trump administration hosted the signing ceremony, recognizing Israel's sovereignty and establishing full diplomatic relations. Since then, the Abraham Accords have continued to be a catalyst for enhancing trade, fostering partnerships, and boosting economies across the Middle East. 

In a recent interview with Al Arabiya English, the Israeli Ambassador to Bahrain emphasized the enduring impact of the normalization agreement, signed on September 15, 2020, and brokered under the leadership of then-US President Donald Trump. 

"We see the impact of the Abraham Accords every day – whether it is in business collaborations, investments, soaring tourism numbers, increased trade, the exchange of ideas and strong people-to-people ties.” 

- Eitan Na’eh, Israeli Ambassador to Bahrain

 

Dubai is becoming a significant global hub for Israeli businesses, marking the third anniversary of the Abraham Accords. The number of Israeli companies setting up in Dubai has risen by 42% since the beginning of this year, with nearly a third of registered companies in the precious metals and stones sector, particularly diamonds and gold. Other sectors such as financial services, technology, and telecoms are also experiencing growth. This increase in volume and variety is a positive sign for shared economic growth and sets the stage for more Israeli companies to extend their trade to countries they do not yet have access to. Deputy Mayor of Jerusalem Fleur Hassan-Nahoum believes Dubai offers a platform for Israeli businesses to thrive, given Israel's innovation and pioneering start-up culture. 

So, as an expat in the UAE, have you decided yet if you must pay attention to this? 

Do you care about this, or not?

Comments

Post a Comment

Popular posts from this blog

WHAT DINA THINKS: UAE In G20 Summit in India

Image
The G20 summit has taken place in New Delhi, the capital of India (for now...it may soon be called "Bharat!) today. In the summit, the leaders of the 19 participating countries, plus the European Union countries.... so that's 46 countries in total.  Anyway, this summit, founded in 1999, focuses on  addressing major issues related to the global economy, such as international financial stability, climate change mitigation, and sustainable development.  According to their website, it also plays a vital role in  shaping and strengthening global architecture and governance on all major international economic issues.   According to the state news agency WAM, the UAE's involvement in the G20 process for the fourth consecutive year demonstrates the nation's dedication to enhancing international cooperation and collaborative efforts. This commitment reflects the UAE's ongoing pursuit of sustainable development and shared prosperity on a global scale.  As an expat in the UAE
Read more

Three Years of Abraham Accords

Image
The signing of the Abraham Accords, which took place in the Middle East three years ago, was a historic occasion that resonated beyond ideologies and national boundaries in an area that is typically marked by lingering hostilities from the past. This historic agreement is a testimony to the eternal ideas of tolerance, discussion, and peace and establishes a previously unheard-of partnership between Israel and the United Arab Emirates (UAE). Within the UAE, the Accords have catalyzed a remarkable era of diplomacy and collaboration. The ethos of tolerance and acceptance has thrived, as Emiratis have warmly embraced their Israeli counterparts. It is a profound testament to the potential of dialogue and mutual comprehension in crafting sustainable peace. At the heart of this burgeoning partnership lies the Economic Partnership Agreement, igniting a surge of innovation and commerce between these two nations. Joint ventures, investments, and collaborative ventures have burgeoned, resulting i
Read more

Dr. Sultan Al Jaber Unites Financial Forces for Global Climate Resilience

Image
In a series of influential discussions on climate finance, Dr. Sultan Al Jaber, the designated president of COP28, emphasized pivotal aspects crucial for global climate action. His remarks within these discussions underscored the urgency and necessity for collective commitment and transformative initiatives. Dr. Al Jaber lauded initiatives like the Climate Finance Mobilisation Forum, recognizing them as pivotal avenues for progress. He highlighted the significance of the funding commitments announced by influential private sector entities and philanthropists, deeming them precisely aligned with the crucial steps required ahead of COP28. Acknowledging the vital role of leadership from the US and UK, Dr. Al Jaber stressed their crucial role in meeting climate finance pledges and further mobilizing substantial capital. While recognizing the assurance regarding the $100 billion annual climate finance pledge made in 2009, he emphasized the necessity to escalate efforts, underlining the need
Read more