The United Arab Emirates (UAE) has officially canceled a law that boycotted Israel and prevented trade as well as financial agreements with Tel Aviv after signing a deal to normalize relations.
The official Emirates News Agency (WAM) made the announcement on Saturday, saying that Foreign Minister Sheikh Abdullah bin Zayed Al-Nahyan had issued a federal decree aimed at "abolishing the Federal Law No. 15 of 1972 regarding boycotting Israel and the penalties thereof.”
Elaborating on the decree and its scope of function, the news agency said companies and individuals in the UAE would now be able to sign agreements with firms or individuals residing in Israel.
"It will be permissible to enter, exchange or possess Israeli goods and products of all kinds in the UAE and trade in them," WAM underlined.
Israel and the UAE on August 13 reached a deal that will lead to a full normalization of diplomatic relations between the two sides, in an agreement apparently brokered by US President Donald Trump.
According to the accord, Israeli and UAE delegations are to hold meetings and sign bilateral agreements covering sectors including investment, tourism and direct flights and the opening of reciprocal embassies.
Meanwhile, Israel's first direct flight between Tel Aviv's Ben Gurion Airport and the UAE's capital Abu Dhabi is to take place on Monday.
Reports said the flight will carry an Israeli delegation as well as top US presidential aides — among them Trump's senior adviser Jared Kushner.
Anger is boiling in the Middle East and elsewhere over the agreement between Israel and the United Arab Emirates to normalize diplomatic relations, with Palestinian leaders describing it as a “stab in the back” by an Arab country.
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