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KT edit: The good deal

Filed on August 30, 2020 | Last updated on August 30, 2020 at 12.02 am

The UAE-Israel peace deal is monumental and certain to pay dividends over the years as this new era of possibilities creates ripples of growth on the economic front

By swiftly scrapping the 1972 Israel boycott law, the UAE has now fully formalised its peace deal with Israel. This commercially sensible step paves the way for greater partnerships that will work in the best interests of the people in these two nations and the region on the whole. Every day from hereon would be a celebration of a vision that sees peace and prosperity through cooperation and a shared vision of a better tomorrow. Individuals and companies based in the UAE will be able to collaborate with Israeli firms and openly trade in services and have access to fresh markets. The UAE's position as a gateway to the wider Arab world would be particularly useful to the Israelis. 
The deal is monumental, far-thinking and certain to pay dividends over the years as this new era of possibilities creates ripples of growth on the economic front. It also acts as a spur to enriching the cultural experience. The two countries have already opened communication links and soon we will have direct flights, something that was unthinkable until now. The Abraham Accord, coupled with a host of other developments such as the building of the Abrahamic House of Fraternity in Abu Dhabi, signals a win for UAE's quiet diplomacy that sees peace in interfaith harmony and reason in dialogue.  
The UAE is the third Arab country to pursue normal relations with Israel but it could well be the most significant one. It is a nod to voices of reason that believe peace and development logically follow trade and commerce.  


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