UAE and Israeli companies sign agreement to develop Covid-19 testing device

A United Arab Emirates company called APEX National Investment has signed an agreement with Israel's Tera Group to develop a faster Covid-19 testing device, according to the UAE state-run news agency WAM.

The deal, a "strategic commercial agreement," was was signed in Abu Dhabi. It is "considered the first business to inaugurate trade, economy and effective partnerships between the Emirati and Israeli business sectors, for the benefit of serving humanity by strengthening research and studies on the Novel Coronavirus (COVID-19)," said Khalifa Yousef Khouri, chairman of APEX National Investment, in the WAM report.

This partnership comes after Israel and the UAE announced on Thursday that they’re establishing full diplomatic relations.

Source: CNN