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    U.A.E. Just Invested $100 Million in Israel’s Tech Sector as Both Countries Get Closer

    A major United Arab Emirates sovereign-wealth fund has invested roughly $100 million in venture-capital firms in Israel’s technology sector, according to people familiar with the investments, a fresh sign of deepening business and investment ties between the countries at the forefront of the Abraham Accords.

    A year and a half since the deal that normalized diplomatic ties between Israel and the U.A.E., business is growing, with trade between the two counties forecast to reach $2 billion this year, up from roughly $250 million annually before the accords, according to the U.A.E.-Israel Business Council, a trade body representing 6,000 Emirati and Israel businesspeople.

    U.A.E. Just Invested $100 Million in Israel’s Tech Sector as Both Countries Get Closer Source link U.A.E. Just Invested $100 Million in Israel’s Tech Sector as Both Countries Get Closer

    The post U.A.E. Just Invested $100 Million in Israel’s Tech Sector as Both Countries Get Closer appeared first on Eminetra.

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