DUBAI, United Arab Emirates — Officials in Israel have high hopes for budding ties with the United Arab Emirates as the country’s cabinet on Monday ratified the historic deal establishing diplomatic relations between the two countries for the first time.
Jerusalem Deputy Mayor Fleur Hassan-Nahoum is one of them. Co-founder of the UAE-Israel Business Council, she spoke to CNBC’s Capital Connection about the business opportunities made possible by the deal, known as the Abraham Accord.
“People are just so excited for this peace … the reception we’ve received here is unprecedented,” Hassan-Nahoum said. “The Israeli side is really curious about the UAE, the Emiratis, and vice versa.”
Since the accord’s announcement, the countries have signed a series of deals on collaboration in areas including technology, healthcare and research.
“On the Israeli side, Dubai, the UAE can be a gateway to the East … the UAE is very interested in Israel’s