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 platforms: Settlers storm Al-Aqsa Mosque complex under the protection of the occupation police
Palestinian platforms: The IOF detonated a booby-trapped robot east of the al-Zaytoun neighborhood, south of Gaza City
Syrian Defense: We call on all parties in Sweida to cooperate with security forces and exercise restraint
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area
Gaza Civil Defense spokesman: Citizens should avoid Salah al-Din Street because anyone who approaches it is at risk of being directly targeted
Gaza Civil Defense spokesman: Reality is that there is a very limited retreat of the vehicles, with the occupation forces providing cover undeer fire up to Salah al-Din Street

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

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

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