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Al-Araby
Al-Araby
Israel signed a free trade agreement with the UAE on Tuesday, its first big trade accord with an Arab state since normalising relations with several countries over one year ago in a move that angered much of the Arab world. “Done,” Israel’s Ambassador to the UAE Amir Hayek said on Twitter, replying to another tweet he posted earlier saying “the UAE and Israel will sign FTA in the next hour.” President of the UAE-Israel Business Council Dorian Barak said the trade agreement defined tax rates, imports and intellectual property, which would encourage more Israeli companies to set up offices in th…