Editorial: Promising Prospects for the UAE-Israel Peace Treaty

The UAE-Israel peace treaty paves the way for bilateral cooperation in many areas. It is designed to build partnership, particularly in promising sectors that are a primary focus for both nations. The agreement is also intended to generate strategies to strengthen the knowledge-based-economy, adopting modern technologies and innovation. It is also hoped that the partnership will enhance progress in aspects of economic diversification, particularly in relation to finance, commerce and investment.

As the COVID-19 pandemic is one of the greatest challenges facing humanity, the UAE and Israel have started taking practical steps to strengthen cooperation in this area. Emirati company APEX National Investment has signed a strategic commercial agreement with Israel’s TeraGroup to develop coronavirus research, including a testing device. The agreement will help both countries reach advanced stages in business, trade and investment cooperation. It will also strengthen partnership in research and development for the benefit of all humanity.

Quickly working to conclude partnership agreements for developing research into the coronavirus reflects the UAE and Israel’s focus on improving present and future outcomes for humanity and global health. Both countries are striving to provide the health sector with all of the information and data it needs to accelerate a global recovery from the pandemic. As leaders in scientific advancement, the UAE and Israel are known for their scientific and technological excellence in the medical sector. They also have a prominent place among advanced economies; their partnership has the potential to change the face of the Middle East, by stimulating economic growth, promoting innovation and leadership, and building closer relations between nations.

The agreement between UAE and Israeli companies to develop research into the coronavirus, just two days after the announcement of the UAE-Israel peace deal, shows they are well on the way to promoting investment and trade. The countries are also beginning to formulate a road map for cooperation in a broad range of areas, including; tourism, transportation, direct flights, technologies, science, knowledge, innovation, communications, investment, commodities and trading, energy, healthcare, culture and the environment. This is particularly important given the UAE’s competitive global position in these areas.

The UAE has become an inspiring model for consolidating peace and coexistence, based on the core principle that the advancement of countries and societies, and the wellbeing and stability of nations, requires diplomatic achievements. This principle also requires us to deepen  cooperation and bilateral relations, extending openness and adopting the standards and frameworks necessary to make diplomatic breakthroughs, as we strengthen rules for building and accelerating partnerships between countries. The coronavirus crisis, which has brought major challenges for humanity, demonstrates the importance of research cooperation between the UAE and Israel to confront the virus, helping to save the lives of people of all faiths.

The historic UAE-Israel peace treaty, and its prospects for effective partnership and broader cooperation in the future, will play an active role in promoting regional and global peace. This is needed now, more than ever, in light of the threats the virus poses to all countries, and the alarming rise of extremism, radicalism and terrorism. The UAE recognizes that a safe and prosperous future for humanity cannot be achieved amid ongoing conflicts. It can only be achieved by consolidating values of cooperation, partnership and peace between countries, and overcoming historical and political challenges. This is a humanitarian priority that relies on concerted efforts, in various areas, in order to build a sustainable, prosperous and stable future for nations and their people.

The UAE-Israel peace treaty paves the way for prosperity, job creation, growth and development. It is a necessary step for stability in the Middle East, as well as for mitigating ongoing conflicts. Therefore, shared regional threats, that have expanded in terms of their influence and interventions in the region while worsening conflicts in Yemen, Syria and Lebanon, can be confronted through this move.