Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Palestinian Ministry of Health: Two were martyred in Israeli shelling that targeted a besieged house in the town of Qabatiya in Jenin
At least 68 dead in migrant shipwreck off Yemen: IOM
Trump: We want to feed the people in Gaza, we do not want them to starve.
US President Donald Trump: We will impose sanctions on Russia if it does not end the war on Ukraine.
Israeli media: Polls show that 52% oppose Prime Minister Benjamin Netanyahu while only 29% support him.
Israeli media: 32% of Americans still support "Israel's" war on Hamas, while 60% oppose it.
Israeli media: Core US support for "Israel" hits its lowest, while support for Palestine reaches its highest levels.
Al Mayadeen's correspondent reports martyrs, injuries in Israeli bombardment of home in Heker al-Jame area in Deir al-Balah, central Gaza.
Al-Quds Governorate: Today, the spatial division of Al-Aqsa Mosque began in a public and dangerous manner, and we warn of a religious war in the region
The Ministry of Health in Gaza: This brings the total number of victims of famine and malnutrition to 175, including 93 children

UAE Plans Economic Stretch with 'Israel' Up to $1 Trillion

  • By Al Mayadeen
  • Source: Agencies
  • 14 Sep 2021 09:25
2 Min Read

UAE Minister of Economy Abdulla Bin Touq said that he expects economic activity with 'Israel' to reach $1 trillion within the coming decade. 

  • x
  • UAE Plans Economic Stretch with 'Israel' Up to $1 Trillion
    UAE-'Israel' normalization has boomed trade between the two, including in weapons and 'defense.' (Illustration by Erhan Yalvac)

Upon the one-year anniversary of the normalization of ties between the United Arab Emirates and 'Israel', UAE Minister of Economy, Abdulla Bin Touq, had some announcements to make regarding economic 'prosperities' between the two. 

In a virtual conference from the United States, Bin Touq said that he expects economic activity with 'Israel' to reach $1 trillion within the coming decade. 

“We have $600 to $700 million dollars of bilateral trade happening, we have funds of billions of dollars that have been announced jointly between the two countries, we are moving into so many areas of economic opportunities,” said Bin Touq. “We are looking to create over $1 trillion dollars of economic activity over the next decade.”

Related News

Israeli-made Barak air defense system deployed for first time in UAE

International campaign to lift siege on Yemen launched

He also said that the UAE has signed over 60 memorandums of understanding with 'Israel' under the auspice and 'grace' of the so-called "Abraham Accords," supported by then-president Donald Trump. 

“In the next couple of years, we are going to see more influx of trade between the two countries. It’s important to say that the opportunities after COVID-19 are endless,” the minister said. 

According to statistics from the Federation of Israeli Chambers of Commerce, the trade volume between 'Israel' and the UAE was $189 million dollars in 2020. The trade volume has taken a hike to $523.2 million only within the first six months of 2021. Tourism has also shot up, as approximately 200,000 Israelis have visited the Gulf country upon normalizing relations. 

The minister reiterated that the UAE is specially focused on trade with 'Israel' in health, climate change, food security, technology, defense and energy. 

Despite 'Israel's' ongoing systemic murder, violence and imprisonment against Palestinian lives, this did not deter the UAE from proceeding with normalization processes with the so-called "state." 

 

 

  • UAE and Israel
  • UAE normalizing ties with Israel

Most Read

A rescued crew member from the ETERNITY C vessel in a video released by the Yemeni Armed Forces on July 28, 2025 (Yemeni Military Media)

Yemen Navy reveals fate of targeted Eternity C ship crew

  • Politics
  • 28 Jul 2025
An Israeli tank explodes following an ambush by al-Qassam Brigades in Gaza, Occupied Palestine, undated (Al-Qassam Military Media)

Al-Qassam strikes Israeli vehicles in Gaza, inflicts casualties

  • Politics
  • 30 Jul 2025
UAE lodges complaint against Israeli ambassador over 'misbehavior'

UAE lodges complaint against Israeli ambassador over 'misbehavior'

  • Politics
  • 1 Aug 2025
Protesters chant anti-Israeli slogans as they carry a banner that reads:" Freedom for Palestine, Alliance stop the war," during a demonstration in support of Palestinians in Gaza, outside the Israeli embassy, in Athens, Monday, June 9, 2025 (AP)

Athens mayor slams Israeli ambassador over Gaza war, graffiti claim

  • Politics
  • 3 Aug 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
A member of the al-Qassam Brigades, the armed wing of Hamas, takes part in a parade as he celebrates a ceasefire agreement between Hamas and the Israeli regime in Deir al-Balah, Gaza Strip, Sunday, January 19, 2025 (AP)
Politics

Al-Qassam: We’ll allow aid to Israeli captives if Gaza siege ends

Freed Lebanese freedom fighter Georges Abdallah during an interview on Al Mayadeen, which aired on Sunday, August 3, 2025 (Al Mayadeen screengrab)
Politics

Exclusive: Resistance key to building state, Georges Abdallah says

United Nations Secretary General Antonio Guterres gives a statement about the situation in Gaza at UN headquarters, Friday, June 27, 2025 (AP)
Politics

UN warns Gaza faces water crisis, looming famine under Israeli siege

Israeli soldiers drive their armored personnel carrier along the Gaza Strip, in southern occupied Palestine, Wednesday, July 30, 2025 (AP)
Politics

Ex-Israeli general says Gaza starvation campaign isolated 'Israel'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS