Today, on Tuesday, Israel signed free trade agreement with United Arab Emirates in Dubai.

Israel’s Minister of Economy and Industry, Orna Barbivai and her counterpart, UAE Minister of Economy Abdullah bin Touq al-Marri signed the pact after months of negotiation.

The accord defined tax rates, imports and intellectual property, which would encourage more Israeli companies to set up offices in the UAE, particularly in Dubai. As per prediction, by the end of the year, almost 1000 Israeli companies will be working in Dubai.

Pertinently, this agreement has been signed amid escalating violence in Occupied East Jeruselam and Occupied West Bank.