Tuesday, 1 September 2020

Israeli business seeks new chapter in #UAE trade after historic deal | Financial Times

Israeli business seeks new chapter in UAE trade after historic deal | Financial Times:

For nearly a decade, Israeli businessmen chasing lucrative deals in the oil-rich United Arab Emirates would board a private jet in Tel Aviv and head instead to neighbouring Egypt, one of only two Arab countries with relations with Israel.

A five minute layover — dubbed the “diplomatic stop” — at Sharm El Sheikh airport on the Red Sea would scrub the flight of its antecedents, and clear it to fly to the UAE.

In recent months, as the tempo of behind-the-scenes contacts sped up, the Emiratis gave permission to skip the stop altogether — planes simply flew a quick loop around the airport and then east across Saudi Arabia to Dubai and Abu Dhabi.

“The first time we did this, they brought out the champagne,” said one traveller who visited this year to hawk an array of cyber-surveillance software from at least six Israeli manufacturers.

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