Israel-UAE trade will overtake deals with Egypt
Emirati market regulations are far more business friendly, and its contract enforcement is significantly more reliable
The agreement between the United Arab Emirates and Israel to normalise their relations, described by some as a “peace” deal, seems to have hit a snag over weapons purchases. The UAE is keen to join the exclusive club of nations allowed to buy F-35 fighter jets; in exchange for allowing the transaction to proceed, Israel is seeking additional US weapon systems.
For those with a long memory, this all sounds very familiar. Egypt’s 1979 treaty with Israel was also attended by questions over weapons purchases. Indeed, President Anwar Sadat’s decision to make peace helped pave Egyptian access to US arms and military aid after he had downgraded ties with the Soviet Union and expelled Soviet military advisers. The two deals have something else in common: they reduced pressure for a peace between Israelis and Palestinians...
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