Saudi Arabia condemns Israeli calls for Palestinian displacement, backs Egypt's stance    Health minister and Syrian communications minister discuss enhancing digital health cooperation    Saudi Arabia, France sign cultural cooperation program at Versailles    Executive regulations to define exceptions to deportation under amended traffic law    Saudi Arabia's digital sector grows to 389,000 workers with record female participation    Riyadh Metro adjusts start time to 5:30 AM to serve commuters and students    Saudi Red Crescent to implement first aid in secondary schools    Putin rejects Western security in Ukraine, warns foregin troops would be legitimate targets    Two Venezuelan military aircraft flew near US Navy vessel, Pentagon says    Thailand names its third prime minister in two years    Mike Tyson and Floyd Mayweather Jr. set to meet in exhibition boxing match in 2026    Gamers frustrated as Hollow Knight: Silksong crashes stores on launch    'My mother was my shelter and storm': Arundhati Roy on her fierce new memoir    Al-Falih: Saudi Arabia expected to host over 1,000 RHQs for global companies in a few years    HONOR to participate in Global Symposium for Regulators 2025 in Saudi Arabia    Restored Big Ben tower up for architecture award    NVIDIA GeForce RTX 50 Series laptops redefine learning, creating and gaming    Al Ahli secure Flamengo starlet Matheus Gonçalves in long-term deal through 2027    Al Hilal sign Turkish defender Yusuf Akcicek on €22m deal until 2029    Al Qadsiah sign German midfielder Julian Weigl to strengthen defensive midfield    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Pakistani star's Bollywood return excites fans and riles far right    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



UAE announces $10 billion fund for investments in Israel
Published in The Saudi Gazette on 12 - 03 - 2021

The United Arab Emirates has announced the establishment of a $10 billion fund aimed at strategic sectors in Israel.
The announcement follows a phone call between Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed and Israeli Prime Minister Benjamin Netanyahu on Thursday.
Through this fund, the UAE will invest in and alongside Israel across sectors including energy, manufacturing, water, space, healthcare, and agri-tech. The investment fund will support development initiatives to promote regional economic cooperation between the two countries. Fund allocations will derive from government and private sector institutions.
The fund builds on the historic Abraham Accord and aims to bolster economic ties between two of the region's thriving economies, unlocking investments and partnership opportunities to drive socio-economic progress.
This initiative is an integral part of the historic peace accord signed by the UAE and Israel with the United States' support and demonstrates the benefits of peace by improving the lives of the region's peoples. It is a manifestation of the new spirit of friendship and cooperation between the three countries, as well their common will to advance the region. — WAM


Clic here to read the story from its source.