News and Events

October 2020

Israel-UAE peace deal 'big' for trade in Middle East
Israel's peace deals with the UAE and Bahrain are "going to be big" for business and trade in the region, one of the most influential businessmen in the Middle East has told the BBC.

Sultan Ahmed bin Sulayem, the chairman and CEO of Dubai-based DP World, says they will remove barriers to business links previously "not allowed", by shortening trade routes and making it easier to deal with Europe. Israeli estimates suggest trade with the UAE could eventually total $4bn a year, creating 15,000 jobs.