Turn on more accessible mode
Turn off more accessible mode
Home
|
Media Center
|
Careers
Personal
Accounts
Loans
eBanking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
Tutorials
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Our Strategy
Financials
Overview
Quarterly Reports 2010
Annual Report 2009
Annual Report 2008
Annual Report 2007
Annual Report 2006
Annual Report 2005
Annual Report 2004
Annual Report 2003
Annual Report 2001
Previous Quarter Results
Pillar Disclosures
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Internet Banking
Retail login
Help
|
Alert
What do you want to do?
Select here
Access Retail Internet Banking
Home
Investor Relations
Financial News
FinancialNews
02-04-23
UAE, Israel's Comprehensive Economic Partnership Agreement Takes Effect
(MENAFN) The United Arab Emirates (UAE) and Israel have taken a major step forward in their economic relationship as the Comprehensive Economic Partnership Agreement between the two countries went into effect on April 1st. This historic moment was announced by the Emirati Ambassador to Israel, Mohamed Al-Khaja, on Twitter.
According to Al-Khaja, the agreement is expected to deepen the trade, investment, and business opportunities between the two nations, ushering in a new era of cooperation. The Comprehensive Economic Partnership Agreement was signed in Dubai on May 31, 2022, with the goal of increasing trade levels between the UAE and Israel to USD10 billion by the end of the decade.
Prior to the agreement, bilateral trade, excluding oil trade, between the UAE and Israel amounted to USD2.49 billion in 2022, which is a significant increase of 90 percent from 2021, when it was at USD1.3 billion.
The UAE and Israel have been working to strengthen their relationship since 2020 when they signed a US-sponsored agreement to normalize their relations. Since then, top officials from both countries have exchanged visits and signed several bilateral agreements, with the Comprehensive Economic Partnership Agreement being a significant milestone in their relationship.
With the Comprehensive Economic Partnership Agreement now in effect, the UAE and Israel are expected to further deepen their economic ties and create new opportunities for businesses in both countries. This is a major achievement for the UAE and Israel as they continue to build a strong and mutually beneficial relationship.
MENAFN02042023000045014228ID1105928995
View complete sitemap
Personal
Accounts
Loans
Mortgage
eBanking
ATM
Internet Banking
SMS Banking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
BBK tariffs
Tutorials
Customer Protection
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Follow us