U.A.E. Just Invested $100 Million in Israel’s Tech Sector as Both Countries Get Closer – The Wall Street Journal

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https://www.wsj.com/articles/u-a-e-sovereign-wealth-fund-invests-100-million-in-israel-venture-capital-firms-11642164356
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A major United Arab Emirates sovereign-wealth fund has invested roughly $100 million in venture-capital firms in Israel’s technology sector, according to people familiar with the investments, a fresh sign of deepening business and investment ties between the countries at the forefront of the Abraham Accords.
A year and a half since the deal that

normalized diplomatic ties between Israel and the U.A.E., business is growing, with trade between the two counties forecast to reach $2 billion this year, up from roughly $250 million annually before the accords, according to the U.A.E.-Israel Business Council, a trade body representing 6,000 Emirati and Israel businesspeople.
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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

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