UAE formally ends Israel boycott amid U.S.-brokered deal

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UAE formally ends Israel boycott amid U.S.-brokered deal
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The ruler of the United Arab Emirates issued a decree Saturday formally ending the country's boycott of Israel amid a U.S.-brokered deal to normalize relations between the two countries.

The announcement now allows trade and commerce between the UAE, home to oil-rich Abu Dhabi and skyscraper-studded Dubai, and Israel, home to a thriving diamond trade, pharmaceutical companies and tech start-ups.

"The decree of the new law comes within the UAE's efforts to expand diplomatic and commercial co-operation with Israel," WAM said. It lays out "a road map toward launching joint co-operation, leading to bilateral relations by stimulating economic growth and promoting technological innovation." Dubai International Airport, home to the long-haul carrier Emirates, has been the world's busiest for international travel for years. The Dubai International Financial Center also hosts major firms who trade in the hours between Asian and European markets. Dubai already has a major gold market and growing diamond trade.

Hanan Ashrawi, a senior Palestinian official, criticized the UAE's decree Saturday as undercutting the efforts of the Boycott, Divest and Sanctions movement targeting Israel. Israel has accused BDS activists of seeking to delegitimize its existence. The decree shows the UAE's eagerness to advance ties and maximize its potential benefits such as trade amid an economic slowdown, said Elham Fakhro, the senior Gulf analyst at the International Crisis Group.

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