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UAE, Israel boost trade ties with new health agreement


DUBAI, June 16 (Reuters) – Israel and the United Arab Emirates signed a healthcare deal on Friday between the UAE’s largest medical institution and Israel’s largest hospital, as the two seek economic gains from their nearly three-year relationship Benefit.

PureHealth and Sheba Medical Center said they will collaborate in research, medical tourism, training and medical technology under the memorandum of understanding.

The UAE became the first Gulf state to normalize relations with Israel in 2020, breaking with decades of Arab policy toward the Palestinian cause.

Both countries have promoted economic and trade cooperation as a way to show other countries the benefits of dealing with Israel.

Friday’s deal is the second the UAE has reached with Israel in as many days.On Thursday, Abu Dhabi-based artificial intelligence firm G42 and Israeli investment group Viola announced a supply platform Highly skilled technical workers.

uae express committed to the long term Strategic ties with Israel, despite Prime Minister Benjamin Netanyahu’s right-wing government’s policies and comments towards the Palestinians drawing condemnation from the UAE.

“While we can demonstrate that these relationships are successful, we will see more countries looking at us and saying: why not us?” Amir Hayek, Israel’s ambassador to the United Arab Emirates, told Reuters.

“If you asked me how the relationship was going, I’d say the numbers … We’re not counting the handshake and the reception, we’re counting the numbers,” Hayek said.

Bilateral trade reached $990.6 million in the first four months of this year and is on track to hit $3 billion by the end of the year and $3.45 billion by 2024, Hayek said.

PureHealth, the largest healthcare provider in the UAE, is majority-owned by Abu Dhabi investment fund ADQ, with an international holding company holding a stake (IHC.AD), both chaired by National Security Adviser Sheikh Tahnoun bin Zayed Al Nahyan, who is also the ruler of the UAE Sheikh Mohamed bin Zayed Brother of Sheikh Mohammed bin Zayed. He’s also the chair of G42.

Writing by Lisa Barrington; Editing by Barbara Lewis

Our standards: Thomson Reuters Trust Principles.


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