Biz-Econ

UAE cancels Israel boycott, allows economic agreements

The president of the United Arab Emirates has issued a decree cancelling a law on boycotting Israel and allowing trade and financial agreements between the two countries, the UAE official news agency WAM reported on Saturday.

The decree from UAE President Khalifa bin Zayed Al Nahyan aims at “supporting bilateral cooperation in order to arrive at (the establishment) of bilateral relations”, the agency said.

Source: Reuters